- The Lightning Network speeds up crypto transactions from around 7 per second (Bitcoin) to 1 million per second (Lightning Network protocol)
- The Lightning Network was in the news due to it being used by Canadian Prime Minister candidate Pierre Poilievre and the possible use for verification of Twitter users
- LQwD leverages the Network and provides a proprietary platform as a service (“PaaS”) offering that speeds up transaction times, is cost-effective and easy to use from anywhere in the world
Despite recent ups and downs, the cryptocurrency market maintains a strong upward trend, being expected to reach U.S. $2.2 billion by 2026. This marks a CAGR of 7.1% from the 2021 reported value of U.S. $1.6 billion, according to a Markets and Markets report (https://ccw.fm/g574x). The growth is primarily driven by the transparency of the distributed ledger technology, which is an obvious detriment in traditional banking systems, as many people do not trust financial institutions, and their lack of transparency leads to dissatisfaction among the public. Cryptocurrency is becoming an increasingly popular option in both emerging and developing countries worldwide – with El Salvador becoming one of the first countries to recognize Bitcoin as legal tender in 2021.
Like any currency, the amount of time it takes to process a transaction is taken for granted. The slower the transaction speed, the less likely consumers will use the method. A major credit card company has a network capacity of 65,000 transactions per…
NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF
CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge.
To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.CryptoCurrencyWire.com
CryptoCurrencyWire is part of the InvestorBrandNetwork.