Bitcoin’s Lightning Network, a second-layer scaling solution, could be integrated into cryptocurrency exchange Coinbase in the near future, according to CEO Brian Armstrong. In a tweet response to criticism that Coinbase was ignoring the network, Armstrong praised Lightning and stated that integration was definitely in the cards.
My tweets auto-delete after some number of months, so there is no search history.— Brian Armstrong 🛡️ (@brian_armstrong) April 8, 2023
Lightning is great and something we’ll integrate.
Despite the lack of details on how the integration would work or when it would occur, this news is significant for the cryptocurrency industry. Coinbase, along with other major exchanges such as Binance and FTX, has been criticized in the past for not integrating Lightning. This network enables faster and cheaper Bitcoin transactions, making it a crucial development in the evolution of the cryptocurrency.
Overall, it remains to be seen how the integration of Lightning would impact Coinbase and the broader cryptocurrency market. However, it is clear that the network’s benefits are increasingly being recognized, and it is likely to play an increasingly important role in the future of cryptocurrency.
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