Coinbase Launches Lightning Network SupportBitcoin Transactions
The integration with Lightspark aims to provide faster and more cost-effective Bitcoin transfers, marking a significant advancement in cryptocurrency transaction technology.
- Coinbase, the largest U.S. crypto exchange, now supports the Lightning Network, enabling quicker and cheaper Bitcoin transactions.
- The collaboration with Lightspark allows users to conduct Bitcoin transactions in seconds with fees significantly lower than traditional methods.
- Lightning Network, a Layer 2 protocol on the Bitcoin blockchain, was introduced to improve scalability and reduce congestion.
- The integration does not yet include Coinbase Wallet or other services, focusing solely on direct transactions from user accounts.
- Despite regulatory challenges in certain regions, the rollout aims to increase Bitcoin adoption and economic freedom globally.
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