Binance to Implement Lightning Network Nodes to Boost Bitcoin Transactions

Coinspeaker
Binance to Implement Lightning Network Nodes to Boost Bitcoin Transactions
On Tuesday, June 20, the world’s largest crypto exchange Binance announced that it has started operating nodes on the Bitcoin’s Layer-2 scalability platform aka Lightning Network. Binance said that it would be a crucial step towards integrating deposits and withdrawals on the crypto exchange.
Binance confirmed its presence on the Lightning Network through a tweet while acknowledging users who noticed it. However, it added that some technical work is still pending before the full implementation.
The exchange tweeted:
“Binance is working to integrate the #Bitcoin Lightning Network for deposits and withdrawals. Some eagle-eyed users spotted our new lightning nodes recently. Yes – that’s us! However, there’s still more tech work to be done. We’ll update once Lightning is fully integrated.”
As said, the Bitcoin Lightning Network is a Layer-2 protocol built atop the Bitcoin blockchain in or

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