In the midst of the growing cryptocurrency sector, there is no shortage of fascinating technology that can see adoption and exposure. Nevertheless, an existing network has already been considered transformative in its capacity, according to a asset manager. Really, Fidelity Has called Bitcoin Lighting Network the “most effective way to act in the digital asset ecosystem.”
Fidelity advocated the network in a new report produced in collaboration with Voltage. There they noted that the network has the ability to take Bitcoin adoption and usability to the next level. With the embrace of the asset class that is growing this year, it can be an important player in 2025 and thereafter.
Fidelity Champions Transformative Bitcoin Lightning Network in New Report
In April 2024 Spot Bitcoin ETF Over -surpassed Bitcoin of $ 10 billion. The presence of the crypto-based ETF was considered a transcendent time in history for the leading Cryptocurrency. Now, with the United States that moves its perspective to a pro-crypto nation, it is just expected to continue.
In addition, Fidelity has recently discussed Bitcoin lightning networkDefecting the role it is set to play in the ever -present enlargement of the usability of the asset. In a report published on Wednesday, the asset manager did not break words about his belief in the network’s capacity.
Also read: Fidelity files for Spot Ethereum ETF with Staking
With transaction fees as low as 0% and payments that settle in less than half a second, the potential for the use of Widescale is undeniable. “Lightning Network delivers its promise, which proves to be the most effective way to act in crypto.”
A second layer solution, Bitcoin Lightning Network, is built on BTC blockchain. The first launch in 2018 saw the rapid adoption took place last year. In addition, its average capacity has increased by 384% over the past five years.