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Coinbase Embraces Lightning Network for Faster and Cheaper Bitcoin Transactions

Algoine News
Summary:
Coinbase, a leading cryptocurrency exchange, has confirmed its decision to integrate the Lightning Network (LN) for faster and cheaper Bitcoin transactions. This move comes in response to growing demand from users.
Leading cryptocurrency exchange Coinbase has confirmed its plans to integrate the Lightning Network (LN) as users increasingly demand faster and cheaper Bitcoin transactions. The LN addresses Bitcoin's scalability issues, offering competition to newer crypto projects offering quicker and more affordable transactions. Previously, major exchanges like Coinbase and Binance showed no interest in adopting LN due to concerns over reduced income incentives. However, Coinbase CEO Brian Armstrong stated, "We've made the decision to integrate Lightning...excited to do our part to enable faster/cheaper Bitcoin transactions." The integration process is expected to take some time.

Published At

9/13/2023 7:51:36 AM

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