Crypto exchange Binance completes the integration of Bitcoin’s Lightning Network.
Binance confirmed the existence of its own Lightning nodes on June 20.
Binance announced that it had completed the integration of the Bitcoin Lightning Network (LN). The crypto exchange has enabled this layer-2 scaling solution for Bitcoin (BTC) withdrawals and deposits.
#Binance has completed the integration of Bitcoin ( #BTC ) on the Lightning Network and deposits and withdrawals are now open.
More details here https://t.co/aIofPdtAGY
— Binance (@binance) July 17, 2023
The Lightning Network is the layer 2 scaling solution that is primed to resolve Bitcoin’s scalability issues. This layer uses micropayment channels to scale the blockchain’s capabilities and make BTC transactions cheaper and faster. It’s worth noting that Lightning launched five years ago, in March 2018.
Binance Implements Bitcoin Lightning Network
Binance initially hinted at the integration of the Lightning Network in ear
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