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Crypto exchange Binance announced that it has completed the integration of bitcoin on the Lightning Network (LN).
The move will enable Binance users to take advantage of the scaling solution for bitcoin deposits and withdrawals. When depositing BTC, users will have the additional option of “BTC-Lightning” alongside the standard options of Bitcoin, BEP20, SegWit and others.
- with the latest integrationBinance now stands alongside other major players such as Kraken, OKEx, Bitfinex and River Financial in adopting the Layer 2 scalping solution.
- Binance initially indicated its intention to integrate the Lightning Network in May, prompted by a temporary suspension of BTC withdrawals due to an influx of pending transactions due to a significant increase in BTC network gas fees.
- In June, the crypto exchange began running multiple nodes on the Lightning Network to enable cheap BTC deposits and withdrawals on its platform.
- After a slow start, LN adoption has been boosted by several notable partners including decentralized social media platform Nostra.
- LN capacity crossed an all-time high of 5,000 BTC earlier this year.
- recently reports Lightning Network adoption is growing rapidly in emerging markets such as South America and Africa, mainly driven by the initiative of LN mobile payment app Strike, said Valkyrie Investments.
- Meanwhile, the company behind LN – Lightning Labs – recently released a new toolkit that uses AI applications such as OpenAI’s ChatGPT to interact with the bitcoin network to send, receive and hold the crypto-asset. helps.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
Crypto exchange Binance announced that it has completed the integration of bitcoin on the Lightning Network (LN).
The move will enable Binance users to take advantage of the scaling solution for bitcoin deposits and withdrawals. When depositing BTC, users will have the additional option of “BTC-Lightning” alongside the standard options of Bitcoin, BEP20, SegWit and others.
- with the latest integrationBinance now stands alongside other major players such as Kraken, OKEx, Bitfinex and River Financial in adopting the Layer 2 scalping solution.
- Binance initially indicated its intention to integrate the Lightning Network in May, prompted by a temporary suspension of BTC withdrawals due to an influx of pending transactions due to a significant increase in BTC network gas fees.
- In June, the crypto exchange began running multiple nodes on the Lightning Network to enable cheap BTC deposits and withdrawals on its platform.
- After a slow start, LN adoption has been boosted by several notable partners including decentralized social media platform Nostra.
- LN capacity crossed an all-time high of 5,000 BTC earlier this year.
- recently reports Lightning Network adoption is growing rapidly in emerging markets such as South America and Africa, mainly driven by the initiative of LN mobile payment app Strike, said Valkyrie Investments.
- Meanwhile, the company behind LN – Lightning Labs – recently released a new toolkit that uses AI applications such as OpenAI’s ChatGPT to interact with the bitcoin network to send, receive and hold the crypto-asset. helps.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
