BTC supporters were elated to discover recently that the Lightning Network’s (LN) capacity had spiked by 216 percent in just one day. Some individuals suspected the Build on Bitcoin conference had sparked more LN interest.
However, onlookers have found the spike was due to a single node created by the owner of Shitcoin.com. According to LN explorers, the node holds more than 49 percent of the Lightning Network’s total funds.
Also read: Study Finds Cryptocurrency Rebalance Portfolios Outperform ‘Hodling’ There’s a new Lightning Network node on the block that has BTC supporters in a frenzy trying to figure out why one person has so much money on this nascent network. At the time of writing the so-called “≡ƒÆ⌐LN.SHITCOIN.COM≡ƒÆ⌐” holds 35.24 BTC or $220,000 USD.
The node is operated by Andreas Brekken, the owner of Shitcoin.com who has detailed he plans on doing a review of the Lightning Network. Brekken’s Shitcoin.com reviews a wide variety of cryptocurrencies like IOTA, Tron, EOS, and Dash.
Brekken’s node is massive compared to the rest of the nodes across LN and on July 14 the node operator stated to his Twitter followers: To make the Lightning Network truly decentralized, we must first become the Lightning Network. Of course, LN supporters had a lot to say about Brekken’s node as some believed it was just an expensive marketing attempt for his review website. Read more from news.bitcoin.com…
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