American crypto exchange service provider Coinbase has chosen the open-source protocol Lightspark to bring the Bitcoin Lightning network Layer-2 solution to customers in its ecosystem.
Showcasing The Lightspark Solution
This strategic partnership is billed to bring near-instant, and cheaper Bitcoin transactions to Coinbase users in the long run.
The Bitcoin Lightning Network is designed as a decentralized network that utilizes smart contract functionality on the blockchain to facilitate fast and cheap transactions across a network of participants.
“Coinbase customers will benefit from instant, cheaper transfers, and this integration will pave the way for more collaboration between the companies in the months and years to come,” Lightspark wrote in a published report.
Over time, Lightspark has positioned itself as “an enterprise-grade entry point to the Lightning Network on the market”.
According to the firm, its software and services are curated in a way that it is easy f
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