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Bitcoin's Lightning Network: The Hidden Path to Centralization

February 16, 2025

In 2018, a new tool called the Bitcoin Lightning Network (BLN) was introduced to make Bitcoin transactions faster. It was designed to handle more transactions between Bitcoin users. This network grew quickly, reaching 8, 216 users, 122, 517 active channels, and 2, 732. 5 Bitcoins transacted by July

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