By 2030, an estimated 750 million people will be using the bitcoin lightning network. The lightning network started in 2018, initially with quiet growth. But with El Salvador also using the new transaction network, the number of users is growing explosively.
What is the bitcoin lightning network?
The lightning network makes bitcoin faster and more scalable. A necessary solution, as the current bitcoin blockchain allows it to process a maximum of 7 transactions per second on average. In comparison VISA can process a maximum of 65,000 transactions per second.
Using the lightning network, a second layer over the blockchain, you can theoretically send millions of transactions per second.