Coinbase CEO Brian Armstrong said the exchange has decided to integrate the Bitcoin (BTC) Lightning Network (LN) after several months of questioning by the crypto community.
In a Sept. 13 post on X (formerly Twitter), Armstrong stated that the exchange was willing to do its part in enabling faster and cheaper Bitcoin transactions because the flagship digital asset was the most important cryptocurrency in the industry.
The LN is the most popular “layer 2” payment protocol built on Bitcoin. This solution facilitates quicker and more cost-effective transactions among network nodes. Its primary goal is to address the scalability challenges faced by BTC, ultimately enhancing user satisfaction and potentially spurring increased usage of the blockchain network.
Armstrong did not provide a definite timeline on when the platform would complete this integration, saying, “[BTC lightning network] will take some time to integrate, so please be patient.”
Meanwhile, Viktor Bunin, the exchan
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