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	<title>Lightning &#8211; LSD News</title>
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		<title>Ford is scrapping the all-electric F-150 Lightning and other big EVs amid a scramble to find a winning electric formula that will cost $19.5 billion &#124; Fortune</title>
		<link>https://lsd.hu/ford-is-scrapping-the-all-electric-f-150-lightning-and-other-big-evs-amid-a-scramble-to-find-a-winning-electric-formula-that-will-cost-19-5-billion-fortune/</link>
		
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		<pubDate>Mon, 15 Dec 2025 21:46:52 +0000</pubDate>
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		<guid isPermaLink="false">https://lsd.hu/ford-is-scrapping-the-all-electric-f-150-lightning-and-other-big-evs-amid-a-scramble-to-find-a-winning-electric-formula-that-will-cost-19-5-billion-fortune/</guid>

					<description><![CDATA[The Dearborn, Michigan-based automaker will make a series of changes to its line of vehicles and production facilities to focus on producing affordable vehicles that better align with customer desires, it announced Monday. The company will also scrap production of certain larger EVs—including the F-150 Lightning, which it will retool as an electric vehicle with [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>
<br /><img decoding="async" src="https://fortune.com/img-assets/wp-content/uploads/2025/12/GettyImages-2237911143-e1765833099940.jpg?w=2048" alt="GettyImages 2237911143 e1765833099940" title="Ford is scrapping the all-electric F-150 Lightning and other big EVs amid a scramble to find a winning electric formula that will cost $19.5 billion | Fortune 2"></p>
<div>
<p>The Dearborn, Michigan-based automaker will make a series of changes to its line of vehicles and production facilities to focus on producing affordable vehicles that better align with customer desires, it announced Monday. </p>
<p>The company will also scrap production of certain larger EVs—including the F-150 Lightning, which it will retool as an electric vehicle with a gas-powered generator—as well as redouble development of smaller, lower-cost cars, including a midsize pickup truck in 2027.</p>
<p>“This is a customer-driven shift to create a stronger, more resilient and more profitable Ford,” Ford president and CEO Jim Farley said in a press release. “The operating reality has changed, and we are redeploying capital into higher-return growth opportunities: Ford Pro, our market-leading trucks and vans, hybrids and high-margin opportunities like our new battery energy storage business.”</p>
<p>As EV demand trends downward, particularly following the end of the federal tax credit in September, Ford had struggled to sustain demand for its Model E line. Farley warned in September the end of the tax credit would throttle EV demand, cutting sales to 5% of total auto volume from roughly 10% to 12% at the time. Earlier this month, the automaker <a aria-label="Go to https://www.fromtheroad.ford.com/us/en/articles/2025/ford-affordable-vehicle-trims-rise-as-us-industry-sales-decline" class="" href="https://www.fromtheroad.ford.com/us/en/articles/2025/ford-affordable-vehicle-trims-rise-as-us-industry-sales-decline" target="_blank" rel="noopener">reported</a> it sold 164,925 vehicles in November, a 0.9% year-over-year decline, with EV sales tumbling 61% to 4,247. With <a aria-label="Go to https://electrek.co/2025/12/02/fords-ev-sales-plunge-60-f-150-lightning-still-on-hold/" class="" href="https://electrek.co/2025/12/02/fords-ev-sales-plunge-60-f-150-lightning-still-on-hold/" target="_blank" rel="noopener">$3.6 billion in losses</a> in the first three quarters of this year alone, Ford’s Model E division has lost more than $13 billion in less than three years.</p>
<p>In addition to regulatory challenges, Ford attributed the need to produce smaller, more affordable EVs as well as gas and hybrid vehicles, to battery prices remaining stubbornly high and an affordability crisis <a aria-label="Go to https://www.deloitte.com/us/en/insights/industry/retail-distribution/consumer-behavior-trends-state-of-the-consumer-tracker/value-seeking-consumer-us-automotive-industry.html" class="" href="https://www.deloitte.com/us/en/insights/industry/retail-distribution/consumer-behavior-trends-state-of-the-consumer-tracker/value-seeking-consumer-us-automotive-industry.html" target="_blank" rel="noopener">shaking consumer brand loyalty</a>. The company said on Monday it would launch five new “affordable” vehicles by the end of the decade, four of which would be assembled domestically. The automaker intends to have 50% of its global vehicle volumes be hybrids, extended-range EVs, and full EVs, by 2030, up from 17% this year.</p>
<p>As a result of the changes to its production focus, Ford will also repurpose some of its facilities, including revamping its Tennessee Electric Vehicle Center into the Tennessee Truck Plant, which will no longer produce EVs, but rather manufacture the new Built Ford Tough truck models beginning in 2029. Its Ohio plant will similarly assemble new gas and hybrid cars in 2029. </p>
<p>Ford said it will employ thousands of workers in the next few years to staff its American plants. After concluding production for the 2025 F-150 Lightning model, Ford will redeploy one-third of that workforce to production on a gas and hybrid model of the F-150.</p>
<p>Ford will book $19.5 billion in charges, most of which will occur in 2026, as a result of the pivot, including an $8.5 billion asset write-down for its Model E division. The automaker raised its EBIT guidance for 2025 to about $7 billion, up from $6 billion, and it reaffirmed its adjusted free cash flow range of between $2 billion and $3 billion.</p>
<p>Ford has struggled to get returns from its ever-growing investment in its EV models, even as it continues to toy with strategy changes. Monday’s announcement follows Ford’s decision in August to invest $2 billion in retooling a Kentucky factory in order to manufacture EVs, as well as rejig its production process to a “universal EV platform” to lower the cost of its models.</p>
<p>Ford said it expects its Model E to be profitable by 2029; in early 2023, it predicted profitability by 2026.</p>
<p>At the time of the Kentucky factory announcement, analysts were hesitant to laud the company, warning that if Ford did not make a compelling product, its billions of dollars poured into factory changes and fresh vehicle production would be for nought, particularly as EV demand stays hot and cold.</p>
<p>“If the vehicles don’t appeal due to being EVs, then billions will be wasted,” Morningstar equity strategist David Whiston told <em>Fortune</em><em/>in August. “That’s why you need a great product, great range, and lower battery cost and vehicle manufacturing techniques.”</p>
<p>He added, “The challenge is, do you have a great product or not? [It’s] hard to get excited about a vehicle you can’t see yet.”</p>
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		<title>Advisory issued for severe lightning</title>
		<link>https://lsd.hu/advisory-issued-for-severe-lightning/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sat, 03 May 2025 15:57:41 +0000</pubDate>
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		<guid isPermaLink="false">https://www.lsd.hu/advisory-issued-for-severe-lightning/</guid>

					<description><![CDATA[Thundershowers accompanied by severe lightning are likely to occur at several places in for Central, Uva, Sabaragamuwa and Eastern provinces and in Hambantota and Polonnaruwa districts today (03), the Department of Meteorology warns.  Meanwhile, there may be temporary localized strong winds during thundershowers, it added. Therefore, the general public has been requested to take adequate [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>
</p>
<div>
<p>Thundershowers accompanied by severe lightning are likely to occur at several places in for Central, Uva, Sabaragamuwa and Eastern provinces and in Hambantota and Polonnaruwa districts today (03), the Department of Meteorology warns. </p>
<p>Meanwhile, there may be temporary localized strong winds during thundershowers, it added.</p>
<p>Therefore, the general public has been requested to take adequate precautions to minimize damage caused by lightning activity.</p>
<p>The Met Department also urged the public to seek shelter—preferably indoors—and to avoid open areas such as paddy fields, tea plantations, and open water bodies during thunderstorms.</p>
<p>Additionally, the public is advised not to use wired telephones or electrical appliances connected to the mains during thunderstorms.</p>
</p></div>
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		<title>Syrian government loses control of Aleppo for first time since civil war began after lightning rebel offensive</title>
		<link>https://lsd.hu/syrian-government-loses-control-of-aleppo-for-first-time-since-civil-war-began-after-lightning-rebel-offensive/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sun, 01 Dec 2024 16:22:41 +0000</pubDate>
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		<guid isPermaLink="false">https://www.lsd.hu/syrian-government-loses-control-of-aleppo-for-first-time-since-civil-war-began-after-lightning-rebel-offensive/</guid>

					<description><![CDATA[Syria’s second-largest city Aleppo has fallen from government control for the first time since the country’s conflict began more than a decade ago, a war monitor said Sunday, after a surprise advance by rebels. An Islamist-dominated rebel alliance has pressed a lightning offensive against forces of the Iranian- and Russian-backed Syrian government since Wednesday, the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>
<br /><img decoding="async" src="https://fortune.com/img-assets/wp-content/uploads/2024/12/GettyImages-2186922789-e1733068830801.jpg?w=2048" alt="GettyImages 2186922789 e1733068830801" title="Syrian government loses control of Aleppo for first time since civil war began after lightning rebel offensive 4"></p>
<p>Syria’s second-largest city Aleppo has fallen from government control for the first time since the country’s conflict began more than a decade ago, a war monitor said Sunday, after a surprise advance by rebels.</p>
<div>
<p>An Islamist-dominated rebel alliance has pressed a lightning offensive against forces of the Iranian- and Russian-backed Syrian government since Wednesday, the same day a fragile ceasefire took effect in neighbouring Lebanon between Israel and the Iran-backed Hezbollah group after two months of all-out war.</p>
<p>The Syrian army — supported by Russian air power — had recaptured in 2016 rebel-held areas of Aleppo, a city dominated by its landmark citadel.</p>
<p>Damascus also relied on Hezbollah fighters to regain swathes of Syria lost to rebels early in the war which began in 2011 when the government crushed protests. But Hezbollah has taken heavy losses in its fight with Israel.</p>
<p>The jihadist Hayat Tahrir al-Sham and allied rebel factions “control Aleppo city, except the neighbourhoods controlled by the Kurdish forces,” Rami Abdel Rahman, head of the Britain-based Syrian Observatory for Human Rights, told AFP.</p>
<p>For the first time since the conflict started, “Aleppo city is out of control of Syrian regime forces,” Abdel Rahman said.</p>
<p>Several northern districts inside Aleppo are predominantly inhabited by Syrian Kurds under authority of the People’s Protection Units (YPG), the main component of the Syrian Democratic forces.</p>
<p>The SDF are the de facto army in the semi-autonomous Kurdish region of northeast Syria. They are a US-backed force that spearheaded fighting against the Islamic State group jihadists before IS’s territorial defeat in Syria in 2019.</p>
<p>Separately, the jihadist Hayat Tahrir al-Sham and allied rebel factions seized Aleppo’s airport and dozens of nearby towns on Saturday after overrunning most of Aleppo, the Observatory said.</p>
<h2 class="wp-block-heading">Tanks seized</h2>
<p>Damascus ally Moscow responded with its first air strikes on Aleppo since 2016.</p>
<p>Prior to this offensive, HTS, led by Al-Qaeda’s former Syria branch, already controlled swathes of the Idlib region, the last area outside President Bashar al-Assad’s government control, in Syria’s northwest.</p>
<p>HTS also held parts of neighbouring Aleppo, Hama and Latakia provinces. Allied Turkish-backed rebel factions have also been taking part in the offensive.</p>
<p>The fighting has killed more than 370 people, most of them combatants but also including at least 48 civilians, according to the Observatory, which has a network of sources inside Syria.</p>
<p>The Observatory said rebel advances came with little resistance.</p>
<p>AFP images showed fighters posing with seized tanks.</p>
<p>The Observatory on Sunday said the army strengthened its positions around Syria’s fourth largest city Hama, about 230 kilometres (140 miles) south of Aleppo, and sent reinforcements to the north of the surrounding province.</p>
<p>Syria’s defence ministry said army units in Hama province “reinforced their defensive lines with diverse means of fire, equipment and personnel”, fighting to prevent a rebel advance.</p>
<p>Rebels took dozens of towns across the north, including Khan Sheikhun and Maaret al-Numan, roughly halfway between Aleppo and Hama, the Observatory said.</p>
<p>Some welcomed the rebels’ arrival.</p>
<p>“Yesterday was my wedding but I didn’t distribute sweets,” Khaled al-Yussef said, holding up pastries beside a car. “I’m distributing them today in celebration of the liberation of Maaret al-Numan.”</p>
<h2 class="wp-block-heading">‘Weak’ government</h2>
<p>But in Idlib on Sunday, bodies lay in a hospital and vehicles were torched in the street, AFP images showed, after what the Observatory called Russian air strikes.</p>
<p>Air strikes also occurred Saturday in Aleppo, where an AFP photographer saw charred cars, including a minibus. Inside one car, the body of a woman lay slumped in the back seat with a handbag beside her.</p>
<p>Russian air strikes on parts of Syria’s second city are the first since 2016.</p>
<p>Aaron Stein, president of the US-based Foreign Policy Research Institute,” said “Russia’s presence has thinned out considerably and quick reaction air strikes have limited utility”.</p>
<p>He said the rebel advance is “a reminder of how weak the regime is”.</p>
<p>Another analyst, Dareen Khalifa of the International Crisis Group think tank, said the rebel alliance see their action in a “broader regional and geostrategic shift”, including when “the Iranians are weakened”.</p>
<p>Syria’s “reliance on Russia and Iran”, along with its refusal to move forward with a 2015 peace process outlined by the UN Security Council, “created the conditions now unfolding”, said US National Security Council spokesman Sean Savett.</p>
<p>The United States maintains hundreds of troops in Syria’s northeast as part of an anti-jihadist coalition.</p>
<h2 class="wp-block-heading">Diplomacy</h2>
<p>Iran’s top diplomat, Foreign Minister Abbas Araghchi, left Tehran for Damascus to deliver what state media said would be a message of support for Syria’s government and armed forces.</p>
<p>Araghchi again called the surprise rebel offensive a plot by the United States and Israel and vowed that “the Syrian army will once again win”.</p>
<p>Assad vowed to defeat the “terrorists”, however big their attacks.</p>
<p>“Terrorism only understands the language of force, and that is the language which we will break it and eliminate it with, whoever its supporters and sponsors are,” he said.</p>
<p>Russia, whose air support was previously decisive in helping Syria’s government win back lost territory, joined Iran in expressing “extreme concern” over their ally’s losses.</p>
<p>“Strong support for the sovereignty and territorial integrity of the Syrian Arab Republic was reaffirmed,” the Russian foreign ministry said in a summary of a call between its top diplomat, Sergei Lavrov, and Araghchi.</p>
<p>Since 2020, the Idlib rebel enclave has been subject to a Turkish- and Russian-brokered truce that had largely been holding despite repeated violations.</p>
<p>Lavrov also spoke with his Turkish counterpart Hakan Fidan on Saturday and agreed on the need to “coordinate joint action to stabilise the situation”, Moscow said.</p>
</div>
<p></p>
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		<title>Advisory issued for thundershowers and severe lightning</title>
		<link>https://lsd.hu/advisory-issued-for-thundershowers-and-severe-lightning/</link>
					<comments>https://lsd.hu/advisory-issued-for-thundershowers-and-severe-lightning/#respond</comments>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sun, 12 May 2024 15:51:08 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[advisory]]></category>
		<category><![CDATA[issued]]></category>
		<category><![CDATA[Lightning]]></category>
		<category><![CDATA[severe]]></category>
		<category><![CDATA[thundershowers]]></category>
		<guid isPermaLink="false">https://www.lsd.hu/advisory-issued-for-thundershowers-and-severe-lightning/</guid>

					<description><![CDATA[The Meteorology Department warns that thundershowers accompanied by severe lightning are likely to occur at several places in Central, Sabaragamuwa, Eastern and Uva provinces and in Colombo, Gampaha, Puttalam, Mullaitivu, Kilinochchi and Polonnaruwa districts today (12). MORE..]]></description>
										<content:encoded><![CDATA[<p>
<br /><img decoding="async" src="https://adaderanaenglish.s3.amazonaws.com/1715520853-Lightening-1.jpg" width="60" align="left" hspace="5" alt="1715520853 Lightening 1" title="Advisory issued for thundershowers and severe lightning 6">The Meteorology Department warns that thundershowers accompanied by severe lightning are likely to occur at several places in Central, Sabaragamuwa, Eastern and Uva provinces and in Colombo, Gampaha, Puttalam, Mullaitivu, Kilinochchi and Polonnaruwa districts today (12). MORE..<br /></p>
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		<title>Which Is the Best Self-Custody Lightning Wallet?</title>
		<link>https://lsd.hu/which-is-the-best-self-custody-lightning-wallet/</link>
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		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sat, 27 Jan 2024 12:57:24 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
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					<description><![CDATA[Bitcoin educator Anita Posch tested the Blixt, Green, Mutiny, Phoenix and Zeus Lightning wallets while traveling in Zimbabwe.]]></description>
										<content:encoded><![CDATA[<p>
<br /><img decoding="async" src="https://www.coindesk.com/resizer/VgEe635k4Ulr_FafZJNXvlSVkWU=/800x600/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ZMDPO2VWOVF2LKNKHH7RC4GIHU.jpg" alt="ZMDPO2VWOVF2LKNKHH7RC4GIHU" title="Which Is the Best Self-Custody Lightning Wallet? 8"><br />Bitcoin educator Anita Posch tested the Blixt, Green, Mutiny, Phoenix and Zeus Lightning wallets while traveling in Zimbabwe.<br /></p>
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		<title>Ford adjusts the pricing of its F-150 Lightning EV by as much as $10,000</title>
		<link>https://lsd.hu/ford-adjusts-the-pricing-of-its-f-150-lightning-ev-by-as-much-as-10000/</link>
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		<pubDate>Wed, 03 Jan 2024 22:15:18 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[adjusts]]></category>
		<category><![CDATA[Autos]]></category>
		<category><![CDATA[Breaking News: Business]]></category>
		<category><![CDATA[business news]]></category>
		<category><![CDATA[Detroit]]></category>
		<category><![CDATA[F150]]></category>
		<category><![CDATA[Ford]]></category>
		<category><![CDATA[Ford Motor Co]]></category>
		<category><![CDATA[Lightning]]></category>
		<category><![CDATA[pricing]]></category>
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					<description><![CDATA[The Ford F-150 Lightning Electric Truck. John Tlumacki &#124; Boston Globe &#124; Getty Images DETROIT – Ford Motor is increasing the price of some 2024 F-150 Lightning models, while lowering the costs of its most expensive models. The Detroit automaker confirmed Wednesday that new starting prices for the pickup will range from $54,995 for an [&#8230;]]]></description>
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<p>The Ford F-150 Lightning Electric Truck.</p>
<p>John Tlumacki | Boston Globe | Getty Images</p>
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<p>DETROIT – <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Ford Motor<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> is increasing the price of some 2024 F-150 Lightning models, while lowering the costs of its most expensive models.</p>
<p>The Detroit automaker confirmed Wednesday that new starting prices for the pickup will range from $54,995 for an entry-level Pro model to $92,995 for a Platinum Black trim. The models previously started at between $49,995 and $97,995 for the 2023 model-year.</p>
<p>The prices of the Platinum and Platinum Black models, with additional technologies and luxury amenities, were lowered by $5,000 and $7,000, respectively.</p>
<p>The price adjustments come as EV companies attempt to balance slower-than-expected consumer demand with profits. Ford has changed pricing on the Lightning as well as the all-electric Mustang Mach-E several times based on consumer demand and raw material costs.</p>
<p>Ford last month confirmed it would cut planned production of the F-150 Lightning roughly in half this year, marking a major reversal after the automaker significantly increased plant capacity for the electric vehicle in 2023.</p>
<p>&#8220;The F-150 Lightning is America&#8217;s best-selling electric pickup after a record fourth quarter, and demand continues to grow,&#8221; a Ford spokesperson said. &#8220;We are making adjustments to pricing, production and trim packages to achieve the optimal mix of sales growth, profitability, and customer access to the IRA tax benefit.&#8221;</p>
<p>The price changes exclude a mandatory $2,095 destination fee as well as any federal or local incentives for purchasing an all-electric vehicle.</p>
<p>The F-150 Lightning is one of a limited number of vehicles that will maintain a $7,500 federal tax credit in accordance with more stringent requirements for assembly and materials for the vehicles and their batteries that took effect Jan. 1.</p>
<p>Sales of the F-150 Lightning have steadily increased in 2023, notching a monthly record of roughly 4,400 sold in November. The company has only sold 20,365 of the trucks this year through November, up 54% from a year earlier.</p>
<p>Ford is expected to report its December and year-end U.S. sales Thursday.</p>
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		<title>Advisory issued for severe lightning in six provinces</title>
		<link>https://lsd.hu/advisory-issued-for-severe-lightning-in-six-provinces/</link>
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		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sun, 05 Nov 2023 10:48:28 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[advisory]]></category>
		<category><![CDATA[issued]]></category>
		<category><![CDATA[Lightning]]></category>
		<category><![CDATA[provinces]]></category>
		<category><![CDATA[severe]]></category>
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					<description><![CDATA[The Meteorology Department has issued an Amber weather advisory for severe lightning in six provinces in the late hours of Sunday (Nov. 05). MORE..]]></description>
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<br /><img decoding="async" src="https://adaderanaenglish.s3.amazonaws.com/1699180982-Lightening-1.jpg" width="60" align="left" hspace="5" alt="1699180982 Lightening 1" title="Advisory issued for severe lightning in six provinces 10">The Meteorology Department has issued an Amber  weather advisory for severe lightning in six provinces in the late hours of Sunday (Nov. 05). MORE..<br /></p>
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		<title>Bitcoin Lightning Network On Binance Records One Of The Fastest Rates Of Adoption &#124; Bitcoinist.com</title>
		<link>https://lsd.hu/bitcoin-lightning-network-on-binance-records-one-of-the-fastest-rates-of-adoption-bitcoinist-com/</link>
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		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sun, 27 Aug 2023 21:06:48 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[adoption]]></category>
		<category><![CDATA[Binance]]></category>
		<category><![CDATA[Bitcoin]]></category>
		<category><![CDATA[Bitcoinistcom]]></category>
		<category><![CDATA[fastest]]></category>
		<category><![CDATA[Lightning]]></category>
		<category><![CDATA[Network]]></category>
		<category><![CDATA[rates]]></category>
		<category><![CDATA[Records]]></category>
		<guid isPermaLink="false">https://www.lsd.hu/bitcoin-lightning-network-on-binance-records-one-of-the-fastest-rates-of-adoption-bitcoinist-com/</guid>

					<description><![CDATA[On July 16, Binance announced that it had integrated the layer-2 protocol Bitcoin Lightning Network into its platform, and users could use it to make deposits and withdrawals. And now, less than two months after this development, the platform has recorded a significant milestone with the protocol.  Binance Node Growing Rapidly According to data from [&#8230;]]]></description>
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<p><span style="font-weight: 400;">On July 16, Binance </span><span style="font-weight: 400;">announced</span><span style="font-weight: 400;"> that it had integrated the layer-2 protocol Bitcoin </span><a href="https://www.newsbtc.com/bitcoin-news/lightning-network-hits-record-highs-in-bitcoin-and-us-dollar-capacity/" rel="nofollow noopener" target="_blank"><span style="font-weight: 400;">Lightning Network</span></a><span style="font-weight: 400;"> into its platform, and users could use it to make deposits and withdrawals. And now, less than two months after this development, the platform has recorded a significant milestone with the protocol. </span></p>
<h2>Binance Node Growing Rapidly</h2>
<p><span style="font-weight: 400;">According to </span><a href="https://amboss.space/" rel="nofollow noopener" target="_blank"><span style="font-weight: 400;">data</span></a><span style="font-weight: 400;"> from the analytics platform Amboss, </span><a href="https://www.newsbtc.com/bitcoin-news/cz-breaks-silence-refutes-binances-bitcoin-dumping-allegations-to-safeguard-bnb/" rel="nofollow noopener" target="_blank"><span style="font-weight: 400;">Binance</span></a><span style="font-weight: 400;">’s lightning node has been growing rapidly. The exchange is currently ranked 14th based on capacity, boasting 77.7 BTC out of the network’s total of 4,873.39 BTC.  </span></p>
<p><span style="font-weight: 400;">This means that Binance’s integration of the Lightning Network has been well-received, and Binance users are actively using the Binance lightning node to process their Bitcoin transactions.</span></p>
<p><span style="font-weight: 400;">This milestone comes after a </span><a href="https://finbold.com/is-binance-using-the-bitcoin-lightning-network-no-new-channels-for-30-days/" rel="nofollow noopener" target="_blank"><span style="font-weight: 400;">report</span></a><span style="font-weight: 400;"> alleged that Binance’s implementation of the Bitcoin Lightning Network wasn’t seeing impressive traction as users weren’t creating channels on the platform. According to the report, published on August 16, no new channel had been created in the last 30 days. </span></p>
<p><span style="font-weight: 400;">In response, Amboss </span><a href="https://twitter.com/ambosstech/status/1691827287187235191?s=20" rel="nofollow noopener" target="_blank"><span style="font-weight: 400;">clarified</span></a><span style="font-weight: 400;"> that Binance, unlike some of its competitors like Kraken, doesn’t broadcast node connection details, so “general users” cannot open direct channels with Binance. </span></p>
<p><img fetchpriority="high" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/vkRUGw3k/" alt="Bitcoin price chart from Tradingview.com (Bitcoin lightning network)" width="3286" height="1746" title="Bitcoin Lightning Network On Binance Records One Of The Fastest Rates Of Adoption | Bitcoinist.com 12"></p>
<pre style="text-align: center;">BTC price sitting at $26,042 | Source: <a href="https://Tradingview.com" rel="nofollow noopener" target="_blank">BTCUSD on Tradingview.com</a></pre>
<h2>Lightning Network Integral To Bitcoin Adoption</h2>
<p><span style="font-weight: 400;">Bitcoin was created with a major focus on decentralization and security without any considerable attention to its throughput. </span></p>
<p><span style="font-weight: 400;">Some argue that Bitcoin’s decentralization and security are more important than its throughput. However, there is a need for Bitcoin to scale if it is to be widely adopted to make micropayments and other transactions. </span></p>
<p><span style="font-weight: 400;">That is why a layer-2 network like the Lightning Network is integral to helping Bitcoin scale in its quest to be adopted as a global payment system. </span></p>
<p><span style="font-weight: 400;">The Lightning Network operates with the help of nodes, which act as tunnels by which users’ transactions are processed.</span></p>
<p><span style="font-weight: 400;">For context, Bitcoin processes 7 transactions per second (TPS). This figure is very low compared to relatably newer blockchains like Cosmos, Solana, and Polygon, which boast a TPS of 10,000, 24,000, and 65,000, respectively.</span></p>
<p><span style="font-weight: 400;">However, Bitcoin can process transactions faster with the help of the Lightning Network as the layer-2 protocol boasts a TPS of 1 million. </span></p>
<p><span style="font-weight: 400;">Binance saw the </span><a href="https://www.newsbtc.com/news/bitcoin/binance-to-activate-bitcoin-lightning-network-withdrawals/" rel="nofollow noopener" target="_blank"><span style="font-weight: 400;">need</span></a><span style="font-weight: 400;"> to integrate the protocol on its platform due to the massive surge in Bitcoin transactions on its platform. By doing so, the exchange can process user transactions faster and cost-effectively. </span></p>
<p><span style="font-weight: 400;">Other exchanges like Kraken, Bitfinex, OKX, and BitStamp have already integrated the Bitcoin Lightning Network to handle the growing demand for Bitcoin without experiencing network congestion.</span></p>
<p>Featured image from Triple-A, chart from Tradingview.com</p>
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		<title>El Salvador Diary: Lightning Is Key to Bitcoin Adoption</title>
		<link>https://lsd.hu/el-salvador-diary-lightning-is-key-to-bitcoin-adoption/</link>
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		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sun, 20 Aug 2023 13:25:21 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[adoption]]></category>
		<category><![CDATA[Bitcoin]]></category>
		<category><![CDATA[Diary]]></category>
		<category><![CDATA[key]]></category>
		<category><![CDATA[Lightning]]></category>
		<category><![CDATA[Salvador]]></category>
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					<description><![CDATA[The current market price of Bitcoin, approximately $29,500, puts the prospect of owning a full bitcoin outside of the reach of most people. However, each bitcoin is subdivisible into one hundred million sub-units called “satoshis,” allowing anyone to exchange fiat-to-bitcoin in smaller amounts. Bitcoin investors refer to investing in smaller increments as “stacking sats.” This, [&#8230;]]]></description>
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<br /><img decoding="async" src="https://www.coindesk.com/resizer/GFFskmckDH2jY73pSngXIZun7Z0=/800x600/cloudfront-us-east-1.images.arcpublishing.com/coindesk/4FHELITWNZG57NKDRKHKCK2ZZE.JPG" alt="4FHELITWNZG57NKDRKHKCK2ZZE" title="El Salvador Diary: Lightning Is Key to Bitcoin Adoption 14"></p>
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<p>The current market price of Bitcoin, approximately $29,500, puts the prospect of owning a full bitcoin outside of the reach of most people. However, each bitcoin is subdivisible into one hundred million sub-units called “satoshis,” allowing anyone to exchange fiat-to-bitcoin in smaller amounts. Bitcoin investors refer to investing in smaller increments as “stacking sats.” This, paired with Layer Two (L2) integrations like the Lightning Network, are seen by many as the pathway to increasing Bitcoin use cases and elevating its role as a medium of exchange in commerce.</p>
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