Coinbase CEO Brian Armstrong, chief executive at one of the world’s largest crypto asset exchanges, broke his longstanding silence on Bitcoin today, offering rare words of enthusiasm for the world’s largest cryptocurrency by market value.
In a post on X, Armstrong announced that Coinbase is moving to enable user access to the Bitcoin Lightning Network, a layer-two scaling solution that allows Bitcoin to be used for faster consumer payments and deferred settlement, with the company formally dedicating engineer Viktor Bunin to the effort.
He stated, „Bitcoin is the most important asset in crypto, and we’re excited to do our part to enable faster [and] cheaper Bitcoin transactions.”
The move to integrate the Lightning Network into Coinbase’s platform underscores the growing significance of the Lightning Network, a scaling solution that Armstrong originally opposed. Armstrong was a notable backer of movements to increase the Bitcoin block size, often voicing his dissatisfaction to Bitcoin
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