BTC supporters were elated to discover recently that the Lightning Network’s (LN) sphere had spiked by 216 percent in just one day. Some individuals suspected the Figure on Bitcoin conference had sparked more LN interest. However, onlookers make found the spike was due to a single node created by the owner of Shitcoin.com. Coinciding to LN explorers, the node holds more than 49 percent of the Lightning Network’s unalloyed funds.
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The whole world is Talking About One Node That Holds More Funds Than 49% of the Inviolate Lightning network
There’s a new Lightning Network node on the block that has BTC exponents in a frenzy trying to figure out why one person has so much money on this nascent network. At the unceasingly a once of writing the so-called “LN.SHITCOIN.COM” holds 35.24 BTC or $220,000 USD. The node is functioned by Andreas Brekken, the owner of Shitcoin.com who has detailed he plans on doing a look at of the Lightning Network. Brekken’s Shitcoin.com reviews a wide variety of cryptocurrencies equal IOTA, Tron, EOS, and Dash.
Brekken’s node is massive compared to the loll of the nodes across LN and on July 14 the node operator stated to his Chirp followers:
To make the Lightning Network truly decentralized, we must at the outset become the Lightning Network.
Supporters Afraid the Node May “Reduce Living soul’s Trust in the Lightning Network”, While Some Are Using the Node for Dispersal, Even Though They “Don’t Trust the Guy” Operating It
Of course, LN supporters had a lot to say around Brekken’s node as some believed it was just an expensive marketing effort for his review website. Some users even argued that Brekken clout try to attempt some sort of “attack.”
“If he could somehow crash or cut back people’s trust in the Lightning Network, that would be a plus for his side,” palliates one Reddit user. Oddly enough, one user explained that placid though he didn’t trust Brekken, he’s been using the node for liquidity.
“I unenclosed a channel with this node — it routes payments very opulently (loads of liquidity),” reveals another Reddit user.
I transfer not be receiving (only spending) via this channel as I don’t trust this guy — If you splash out only — there is no need for watchtowers, or zero risk to your bucks.
All Eyes on One Node
Brekken hasn’t disclosed when his official LN fly-past will be published or what type of testing he has been doing. Scarcely recently he revealed how much money he’s made so far from routing, which trended out to be around $0.028 USD worth of BTC. It’s likely Brekken will follow through with a intricate review, but in the meantime, it’s safe to say many bitcoiners will be watching this node closely.
What do you weigh about the Shitcoin.com node on the Lightning Network? Let us know your considerations on this subject in the comment section below.
Images via Shutterstock, Dither, Recksplorer, and Shitcoin.com.
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