Lightning Network is growing and blockchain-backed gold is coming

Good morning traders, hodlers and other Steemers! The week has started and some of the cryptocurrency rallies have fizzled out.

There is not much optimism on the streets as the FUD, that is spread on social networks about South Korea, China and now India, gathers pace, and users keep unloading their portfolios without digging deeper into the stories.

Neither am i going to dig into it right now ( i might do a small write-up sometime in the near future), as i can see that it is just rumors and nothing that is really threatening to the blockchain technology itself.

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So what's going on?

Lightning Network is growing! The mainnet of LN has doubled it's node count in just a matter of days. Just a week ago the node count stood around 40. The testnet rocks a solid 1500 nodes currently.

_{Via lnmainnet.gaben.win}

Want to see a live case? Head on over to the Blockstream store, which is one of the first to integrate the Lightning Network payments. The store itself has only 4 products on sale - they claim that the products on sale are real, but the store is only set up for testing purposes.

So want a men's tee? Head on over to https://store.blockstream.com/ and pay via the LN

Keep in mind, LN is still doing it's baby steps, but here's to hoping for an explosive growth. The BTC fees are already dropping, but according to some reports tx-s with massive fees keep popping up now and then and ruining the party.

Still in the dark what a Lightning Network is? Check out my earlier post So, what is the Lightning Network exactly?

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_{Photo credz: Colin Murty via theaustralian.com.au}

Want gold? Want to hoard it like a dragon? Of course you do. But where are you gonna hoard it? Blockchain-backed gold to the rescue.

Perth Mint, an Australian based gold refiner is working on bringing blockchain-interinked gold products to the market, which would enable the tracking of all transactions. This would serve as cutting suspicious sources out of the trade while at the same time improving customer confidence about the origins of the gold.

_{Via theaustralian.com.au}

According to Richard Hayes, the Chief Executive at Perth Mint, gold has proved that it can sustain value over the time, whereas Bitcoin is nothing than a ludicrous bubble that has to burst eventually. But the underlying blockchain technology is something the gold industry could benefit enormously from.

Read the full story here on The Australian

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Time to end this post with a bang. StockTwits refers this awesome video, how it feels to HODL your crypto portfolio. And they might not be very far off with that ;) But you'll get rewarded in the end, if you don't panic.

_{Via Stocktwits}

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Oh, @furious-one, you're so cool, how can i show my appreciation to you? Well, if you insist - send some PEPITO tokens to BTS: furious-one on the Bitshares DEX ;)

https://wallet.bitshares.org/#/market/PEPITO_BTS

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Check out Chainbb, an alternative frontend for STEEM network. If you like forum style, that's the platform for you.

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_{Title image from pixabay}

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