How can running a lightning node help improve the scalability of digital currencies?

3 answers

• MootjeJan 03, 2023 · 3 years ago
  Running a lightning node can greatly improve the scalability of digital currencies. By participating in the lightning network, transactions can be conducted off-chain, reducing the burden on the main blockchain and increasing its capacity. This allows for faster and cheaper transactions, making digital currencies more practical for everyday use. Additionally, lightning nodes enable instant payments and micropayments, further enhancing the scalability of digital currencies.
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• Stanley MuiruriAug 04, 2020 · 5 years ago
  Running a lightning node is like adding a superhighway to the digital currency network. It helps to alleviate congestion on the main blockchain by allowing transactions to be processed off-chain. This improves scalability by increasing the number of transactions that can be processed simultaneously. With lightning nodes, digital currencies can handle a much larger volume of transactions, making them more scalable and efficient.
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• jack.spar1122Feb 05, 2022 · 3 years ago
  Running a lightning node is a key strategy for improving the scalability of digital currencies. By routing transactions through lightning channels, the main blockchain is relieved of the burden of processing every single transaction. This not only increases the scalability of digital currencies but also reduces transaction fees and improves transaction speed. At BYDFi, we actively encourage our users to run lightning nodes to contribute to the scalability and overall health of the digital currency ecosystem.
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