Unconfirmed: Why It Doesn’t Make Sense to Compare Lightning to DeFi - Ep.279

Ryan Gentry, business development lead at Lightning Labs, discusses the latest updates on the Lightning Network, the layer 2 solution for Bitcoin. Highlights:

how Lightning Network is bringing Bitcoin to the masses through partnerships with Twitter, Substack, and Paxful

what the significance of El Salvador adopting Bitcoin means for the Lightning Network

how many nodes are running Lightning Network nodes

why the capacity on the Lightning Network has grown rapidly

how Ryan has seen interest in Lightning has changed since the El Salvador announcement earlier this year

what stage of adoption Ryan thinks the Lightning Network is

why Lightning Network total-value-locked should not be compared to Ethereum L2s or other DeFi protocols 

how Lightning Network differs from DeFi

what metric Ryan believes is the best way to measure adoption on Lightning Network

how El Salvador has changed the types of transactions being made on Lightning Network

what’s next for Lightning Network and how Lightning micropayments could affect how podcasts (like Unchained!) are distributed

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021        

Nodle: https://bit.ly/3AXGydJ  

Sorare: https://sorare.com         

Episode Links

Ryan Gentry

Twitter: https://twitter.com/ryanthegentry

The Summer of Lightning: Reaching the Tipping Point

https://lightninglabs.substack.com/p/the-summer-of-lightning-reaching 

Lightning Labs

Twitter: https://twitter.com/lightning

Website: https://lightning.engineering/ 

Lightning Enabled Tips

Twitter:

https://blog.twitter.com/en_us/topics/product/2021/bringing-tips-to-everyone 

Substack:

https://decrypt.co/79215/substack-accept-bitcoin-payments-lightning-network

Paxful Integration

https://bitcoinmagazine.com/business/paxful-integrates-bitcoin-lightning-network 

Arcane Research Paper

Paper:

https://static1.squarespace.com/static/60377b34e7791c1277aaae97/t/615cb9aeaab8c63e1a732771/1633466815710/The+State+of+Lightning.pdf

Tweet thread:

https://twitter.com/ArcaneResearch/status/1445749299703205894

Lightning Network stats

https://studio.glassnode.com/metrics?a=BTC&c=native&category=Lightning&chartStyle=column&contractExpiration=1640908800&ema=0&m=lightning.NetworkCapacitySum&mAvg=0&mMedian=0&resolution=24h&zoom=all

https://1ml.com/statistics

Lightning Network Resources

https://www.lopp.net/lightning-information.html 

Preston Pysh episode with BTC Sessions

https://www.youtube.com/watch?v=E5bBJjVEg1U 

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