Bear markets are for building out capacity on the layer-2 Lightning Network. Despite macroeconomic headwinds and sluggish price action, the Lightning Network, the layer-2 payments solution fo Bitcoin (
Elsewhere, Strike, a Bitcoin Lightning company headed by Jack Mallers, raised $80 million to “revolutionize payments” for merchants. Mallers and Strike spearheaded El Salvador’s Bitcoin adoption plans in 2021.
For Nourou, who’s hosting Dakar Bitcoin Days in December, the first major Bitcoin conference in Senegal, the 5,000 BTC milestone is monumental: “An increase in BTCs blocked in the network and the number of channels opened in parallel is a further step towards the democratization of Bitcoin transactions in the world.”
