Amid the growing cryptocurrency sector, there is no shortage of fascinating technology that could see adoption and exposure surge. Yet, one existing network has already been seen as transformative in its capabilities, according to one asset manager. Indeed, Fidelity has called the Bitcoin Lighting Network the “most efficient way to transact in the digital asset ecosystem.”
Fidelity championed the network in a recent report produced in collaboration with Voltage. There, they noted that the network has the capability of taking Bitcoin adoption and utility to the next level. With the embrace of the asset class growing this year, it could be a major player in 2025 and beyond.
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Fidelity Champions Transformative Bitcoin Lightning Network in New Report
In April of 2024, Fidelity’s Spot Bitcoin ETF surpassed $10 billion worth of Bitcoin. The presence of the crypto-based ETF was viewed as a transcendent time in the history of the leading cryptocurrency. Now, with the US shifting its perspective into a pro-crypto nation, that is expected to only continue.
Moreover, Fidelity has recently discussed the Bitcoin Lightning Network, championing the role it is set to play in the ever-present expansion of the asset’s utility. In a report published Wednesday, the asset manager didn’t mince words on its belief in the network’s capabilities.
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“Businesses are scaling with Lightning,” the report notes. Adoption surged in 2024 and is expected to continue growing in 2025.” Moreover, they noted that “larger, more efficient payment channels” are replacing outdated ones and only increasing the reliability of the network.
With transaction fees as low as 0% and payments that settle in less than half a second, the potential for widescale use is undeniable. “The Lightning Network is delivering on its promise, proving to be the most efficient way to transact in crypto.”
A second-layer solution, The Bitcoin Lightning Network, is built on the BTC blockchain. First launching in 2018, it saw rapid adoption take place last year. Moreover, its average capacity has grown by 384% over the last five years.