The Federal Reserve Bank of Cleveland released an article reporting on how Lightning Network affects Bitcoin transaction speed and fees. Anantha Divakurani and Peter Zimmerman write on their findings across studies over two years, and the potential impacts it may have on broader adoption of Bitcoin as a means of payment.
“We find a significant association between LN adoption and reduced blockchain congestion, suggesting that the LN has helped improve the efficiency of Bitcoin as a means of payment.”
Source: Divakaruni, Anantha, and Peter Zimmerman. 2022. "The Lightning Network: Turning Bitcoin into Money." Working Paper No. 22-19. Federal Reserve Bank of Cleveland.
