World-leading crypto exchange Binance has announced plans to integrate the Bitcoin Lightning Network (LN) on its platform for deposits and withdrawals. The exchange disclosed this information via a Twitter post earlier today following observations of Binance’s nodes on the Lightning Network by some “eagled-eyed” crypto community members.
Ambross, a data analytics firm focused on the Lightning Network, posted a tweet stating that Kraken’s biggest channel on the LN was connected to the Binance node.
However, having confirmed the ongoing plans to adopt the Lightning network, the Binance exchange has stated that the integration is far from completion, and a full update will be provided upon finalization.
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The Bitcoin Lightning Network is a layer two solution built on the Bitcoin blockchain. It was designed to provide solutions to two main issues impacting the underlying chain – scalability
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