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A report from the Bitcoin-only exchange River suggests increased Lightning usage will play a key role in Bitcoin becoming a better medium of exchange. Bitcoin’s layer 2 Lightning Network has seen an estimated 1,212% growth in two years , with around 6.6 million routed transactions in August, a significant jump compared to August 2021’s 503,000 transitions, according to data from the Bitcoin (BTC)-only exchange River. In an Oct. 10 report, River research analyst Sam Wouters explained the jump in routed transactions — which use more than two nodes to facilitate a transfer — came despite a 44% fall in Bitcoin’s price and considerably less online search interest. “‘Nobody is using Lightning’ should now be a dead meme,” Wouters said in an Oct. 10 follow-up X (Twitter) post, taking a shot at Lightning critics. “Nobody is using Lightning” should now be a dead meme. Launching a new #Bitcoin report from @River: How the Lightning Network grew by 1212% in 2 years It’s time to pay attention to ...

Lightning Labs have unveiled a new solution to the clunky process for minting new assets on the Bitcoin network. Bitcoin (BTC) users have been given a possibly more efficient way to mint new assets on the blockchain aft an updated edition of the recently- rebranded Taproot Assets Protocol was released by Lightning Labs. In a May 16 blog post, Lightning Network infrastructure firm Lighting Labs criticized the current methods by which assets are inscribed on the Bitcoin blockchain calling them “particularly efficient” and pointed to cumbersome protocols that write asset metadata “directly into block space.” Today we're excited to announce the newest version of Taproot Assets , a scalable protocol to issue assets on #bitcoin and Lightning. With this release, developers have the core set of Features to bitcoinize the dollar in a chain-efficient manner! ️https://t.co/7WmeDjNnM2 — Lightning Labs️ (@lightning) May 16, 2023 The Taproot Assets Protocol is designed to operate “maxi...