Got Lightning: Binance and Coinbase are all aboard the Bitcoin Lightning express. But which exchanges are stuck in the mempool?
, Binance announced it would work on “enabling BTC Lightning Network withdrawals, which will help in such situations.”
To prevent a similar recurrence in the future, our fees have been adjusted. We will continue to monitor on-chain activity and adjust accordingly if needed. Our team has also been working on enabling BTC Lightning Network withdrawals, which will help in such situations. is a federated system for cheap, near-instant payments built atop Bitcoin. When the Bitcoin mempool is full or busy, the Lightning Network is unaffected.
Several large crypto exchanges have integrated the Lightning Network, including Bitfinex, River Financial, OKX, Kraken and CoinCorner. If implemented correctly, the Lightning Network would allow users to withdraw and send Bitcoin immediately from wallets, sidestepping the congested Bitcoin blockchain.
Fees on Bitcoin are rising, and there are still many Bitcoin exchanges that haven't adopted Lightning deposits and withdrawals
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