Coinbase is set to integrate the Lightning network, thanks to its partnership with software firm Lightspark. After almost two years of development, Coinbase customers will benefit from instant, cheaper transfers. According to the press release, the exchange would utilize Lightspark’s remote-key signing implementation to tap into a scalable, reliable, and fully optimized node infrastructure. Additionally, […]
Bitcoin Lightning network
Coinbase Embraces Bitcoin Lightning: CEO Brian Armstrong Unveils New Features
The Lightning Network is a solution that addresses Bitcoin’s scalability challenge, allowing it to compete with newer cryptocurrency projects promising faster and more cost-effective transactions. Coinbase, a cryptocurrency exchange, has officially confirmed its decision to incorporate the Lightning Network’s layer 2 payment protocol. This move comes as users increasingly seek faster and cheaper BTC transactions. […]
Binance’s Lightning Nodes Skyrocket 7x In A Week, Capacity Hits 77.73 BTC
In an impressive surge of growth, Binance’s Bitcoin Lightning nodes have experienced rapid expansion. Over the course of the past week, the count of Binance Lightning Network public channels has remarkably escalated, soaring from 7 to 33. Alongside this remarkable growth, the capacity of these nodes has undergone a substantial augmentation, leaping from 36 BTC […]
Bitcoin Lightning Home: Google, Amazon’s Tech Dome
Bitcoin has reached a pivotal juncture in the realm of cryptocurrency, as the revelation unfolds that industry giants Amazon and Google are currently responsible for hosting a considerable segment of the nodes within the Bitcoin Lightning Network. This collaboration stands as a crucial landmark in the progression of blockchain technology, effectively reinforcing the widespread embrace […]
Binance Pioneers Bitcoin Lightning Network Integration
Binance, a prominent player in the cryptocurrency industry, has been at the forefront of multiple advancements in recent years. In a recent announcement, the exchange made a significant stride by successfully integrating Bitcoin (BTC) onto the Lightning Network. In a blog post published on July 17, Binance unveiled an exciting development for its users. They […]
Bitcoin Lightning Network Strike Enabling Low-Cost Payments To Africa
The world’s leading Bitcoin Lightning Network-based digital payment system, Strike, has announced a partnership with Bitnob, an African payments platform, according to a press release published by Businesswire on December 6th. Through the Strike “Send Globally” feature, this cooperation intends to make rapid, inexpensive transactions to Africa. Starting on December 6th, it will be accessible to […]
Here’s How Bitcoin Transactions Are Supported On Cash App Through Lightning Network
The first cryptocurrency ever created, Bitcoin [BTC], went on to become more of a store of value than a payment method. However, it became much simpler to use Bitcoin as a payment method after the Lightning Network was included. The Jack Dorsey-developed Cash App has consistently supported Bitcoin throughout. The platform then continued to make […]
Bitcoin lightning infrastructure to be built by Block
The TBD business unit of Jack Dorsey’s Block team has declared plans to construct a bitcoin lightning infrastructure. The Block’s product designer engineer announced that he will be departing the wallet team to join a specialized lightning infrastructure team. He announced, “Our goal is to not only build the tools and infrastructure we need for our […]
Bitcoin’s LN integrates with Block-owned Cash App for US users
Leading payment service provider, Cash App announced bringing Bitcoin’s Lightning Network into its fold thus enabling U.S. users to send bitcoin to anyone in the world. Although an official announcement from Cash App is yet to come, the payment app revealed that the rollout is expected to be complete over the coming weeks, targeting all […]