Researchers warn that Bitcoin Lightning Network is becoming heavily centralized

After struggling over the last six months, the
Bitcoin price is finally growing once again. The coin saw a 28% price growth
during the first two weeks of January 2020, and it wasn’t long before it
started affecting altcoins, as well.

Of course, the coin also saw an increase in
transactions, which once again brought its scalability issues to attention.
While there were several projects that attempted to find a solution for
Bitcoin’s inability to scale, one stood above the rest, providing hope that BTC
might start handling transactions at much greater speed — Bitcoin’s Lightning
Network (LN).

The Lightning Network is becoming
centralized

However, according to a recent paper, published by the University of Bergen’s
Anantha Divakaruni, and the Bank of England’s Peter Zimmerman, there might be a
problem with the Bitcoin LN. The paper indicates that the LN is becoming
increasingly centralized, according to data that authors have gathered between
April 1st, 2018, and August…