- The global cryptocurrency market is expected to grow at a CAGR of 12.8%, to reach US $4.94 billion by 2030
- The increase in cryptocurrency adoption worldwide has shown explosive market growth and the increased need for transaction facilitation like LQwD’s PaaS protocol on the Lightning Network
- India ranks number two in the adoption and use of cryptocurrency
- Experts in the cryptocurrency industry estimate that India has more than 20 million crypto investors, with most growth being driven by users under the age of 35
- LQwD currently has 10 active nodes on the Lightning Network with a capacity of over 10 BTC and global coverage for faster transactions and lower fees
In 2020, the global cryptocurrency market was valued at US $1.49 billion. This number is expected to grow at a CAGR of 12.8% from 2021 to 2030, resulting in a projected value of US $4.94 billion (https://ccw.fm/uN8fO). The growing adoption of cryptocurrency as legal tender around the world is nurturing the market increase, with the United States, El Salvador, India, and China showing remarkable growth. Among the different types of cryptocurrencies circulating, Bitcoin remains one of the more popular selections.
Capitalizing on this growth, the Bitcoin Lightning Network is a layer 2 payment protocol layered on top of blockchain-based cryptocurrency (in this case, Bitcoin) that…
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