BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Coinbase Readies to Integrate the Bitcoin Lightning Network

Coinbase Readies to Integrate the Bitcoin Lightning Network
Coinbase has selected Lightspark to integrate the Bitcoin Lightning Network.



This initiative aims to enhance the platform with faster and more cost-effective Bitcoin transactions, an important step towards improving efficiency.



Coinbase to Integrate the Bitcoin Lightning Network



The Bitcoin Lightning Network, a Layer 2 payment protocol, enables quicker transactions than Bitcoin’s primary network by reducing the blockchain’s burden. Lightspark, which specializes in providing access to the Lightning Network, has been working with Coinbase to implement this technology.



Through its software, Lightspark simplifies the integration and management of the Lightning Network for institutions. It offers a suite of tools designed for seamless transactions. The company boasts an AI-driven engine that optimizes liquidity and transaction routing.



The partnership entails Coinbase utilizing Lightspark’s remote-key signing feature. Therefore, Coinbase will retain control over the Lightning signing keys while Lightspark manages the node infrastructure. This setup is designed to scale effectively, offering a reliable node service with comprehensive functionality through an intuitive interface.



This allows Coinbase to focus on enhancing user experience without the need to manage a large-scale Lightning Network implementation.




“Coinbase is committed to making the global financial system faster and more efficient. We’re excited to partner with Lightspark to eliminate payment barriers and enable faster and cheaper Bitcoin transactions through support for the Bitcoin Lightning Network,” Shan Aggarwal, Coinbase VP of Corporate & Business Development, said.




The adoption of the Lightning Network by Coinbase is anticipated to significantly impact its operational efficiency and customer experience, particularly in terms of transaction speed and cost. It also marks a notable development for the Lightning Network, potentially increasing its usage and visibility within the cryptocurrency ecosystem.



Read more: The Best Bitcoin Lightning Network Wallets In 2024



This integration paves the way for Bitcoin’s new payment applications and liquidity options, aligning with broader trends in cryptocurrency adoption and technology advancement.
The post Coinbase Readies to Integrate the Bitcoin Lightning Network appeared first on BeInCrypto .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ Coinbase Readies to Integrate the Bitcoin Lightning Network


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News



Dokky PRO - Bookcase Shop Script