Bitcoin exchanges have 49% of public capacity on LN (2,765 BTC) \ stacker news ~bitcoin

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Public capacity on LN has remained pretty consistent over the last few months, but the percentage of public capacity on BTC exchange nodes is increasing. Bitcoin exchanges now have 49% of the public capacity on the Lightning Network.

Not sure this is cause for alarm (it’s very different from having 49% of hashrate for example), but thought it was worth noting.

Last year, this figure was 31%.

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111 sats \ 5 replies \ @TonyGiorgio 24 Mar 2023

You're missing cashapp

0 sats \ 4 replies \ @kr OP 24 Mar 2023

do you know which nodes belong to them? (aside from the new c= node)

i remember seeing someone share a few nodes they thought belonged to cash app a while back on twitter, but not sure if it was confirmed.

181 sats \ 0 replies \ @DarthCoin 24 Mar 2023

Will be very hard to find out cashapp and strike. Maybe they have some random public nodes, but all the rest of the routing they are doing it through private nodes. And they have multiple ones.

0 sats \ 2 replies \ @TonyGiorgio 24 Mar 2023

Just create an invoice and look at the pubkeys. The ones in the route hint are their nodes and they should have at least 3 of them.

0 sats \ 1 reply \ @kr OP 25 Mar 2023

can’t use cash app in canada

181 sats \ 0 replies \ @TonyGiorgio 25 Mar 2023

Ask around. I'm sure someone out there uses cash app.

181 sats \ 0 replies \ @m00ninite 24 Mar 2023

If you're a glass-half-full kinda guy, 51% of the network capacity is held between plebs! At the very least, the exchanges are moving money back and forth using a free and open protocol. It's a far cry from the days where even getting exchanges to do the bare minimum of batching their transactions was a fight. :)