Binance has completed the integration of the Bitcoin Lightning Network, opening bitcoin deposits and withdrawals on the network.
The Bitcoin Lightning Network sets up direct payment channels between users, allowing them to conduct off-chain transactions with minimal fees later settled on the main Bitcoin blockchain. Direct payment channels make sending and receiving bitcoin easier without congesting the main chain.
. The Lightning Network capacity represents the total sum of bitcoin that can be transacted through the network at a given time.several crypto exchanges offering Lightning Network services to users, including Kraken and Bitfinex. In April, Coinbase CEO Brian Armstrong also suggested that the exchange would integrate the Lightning Network in the future.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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