The Value of Layer 2 : The Impact of Lightning

The Value of Layer 2 : The Impact of Lightning

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  1. tldr; Metcalfe’s Law was discovered in the 1980s and was initially applied to Ethernet networks. It shows that the value of a network is proportional to the square of the number of nodes. Bitcoin market capitalization started diverging with network value in approximately 2019. Lightning Network is growing rapidly and the next peak in node count and capacity may give a hint on the next cycle on the Bitcoin market cycle.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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