Bitcoin Lightning Gets Coinbase Approval

2023-9-13 15:00

Coinbase CEO Brian Armstrong has announced the exchange will open up support for the Bitcoin Lightning network after accusations it has been lagging behind its competitors.

Bitcoin Lightning network solves the slow transaction processing ability of the apex cryptocurrency. It functions as a second layer on Bitcoin (BTC), allowing for faster payments.

However, until recently, some of the largest crypto exchanges did not support the network. 

Community Demands Coinbase Support Bitcoin Lightning

Brian Armstrong took to X (Twitter) to inform the community that they soon roll out the support for the Bitcoin Lightning network. However, he did not specify a timeline and asked the community to be patient.

Click here to learn about the best Bitcoin Lightning Wallets in 2023.

Previously, on Aug. 2, after facing community criticism, Armstrong clarified that he was not ignoring the Bitcoin Layer 2 solution. And before that, in April, Armstrong said he was keen to integrate the Bitcoin Lightning network.

Pierre Rochard, who previously contributed to integrating the Bitcoin Lightning network for Kraken, offered support to Armstrong, asking him to “reach out any time.” Many other community members also showed their support and applauded Coinbase for its development. However, some also feel that Coinbase should have already integrated the services.

A community member wrote:

“Should have been done years ago, but better late than never.”

While Coinbase is yet to roll out Bitcoin Lightning, its competitor Binance integrated the service in July. As of Sept. 11, the Bitcoin Lightning network has 17,669 nodes and a capacity of 4,783.590 Bitcoin (BTC).

Click here to read our Binance exchange review for 2023.

Bitcoin Lightning network statistics. Source: Bitcoin Visuals

Do you have anything to say about Coinbase’s support for the Bitcoin Lightning network or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

The post Bitcoin Lightning Gets Coinbase Approval appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 61612.88 (+0.41%)
Объем 24H $13.183b
Изменеия 24h: 0.87 %, 7d: -4.08 %
Cегодня L: $60739.69 - H: $61710.12
Капитализация $1213.613b Rank 1
Цена в час новости $ 26100.1 (136.06%)

bitcoin coinbase lightning faster solution cryptocurrency however

Источник: beincrypto.com

bitcoin coinbase → Результатов: 126


Coinbase decides on Bitcoin Lightning Network integration, promising faster transactions

Coinbase CEO Brian Armstrong said the exchange has decided to integrate the Bitcoin (BTC)  Lightning Network (LN) after several months of questioning by the crypto community. In a Sept. 13 post on X (formerly Twitter), Armstrong stated that the exchange was willing to do its part in enabling faster and cheaper Bitcoin transactions because the […] The post Coinbase decides on Bitcoin Lightning Network integration, promising faster transactions appeared first on CryptoSlate.

2023-9-13 14:01


Фото:

Coinbase processed Tesla’s Bitcoin purchase, more Fortune 500 companies rumored to be under its belt

Leading Cryptocurrency Exchange Coinbase has been credited with the facilitation of Tesla’s $1. 5 billion Bitcoin purchase, which has since set a new standard for newcomers, while also singlehandedly driving Bitcoin’s price upward, and adding to the bullish market sentiment shared by members of the Bitcoin community.

2021-2-18 14:26


Coinbase to Sponsor Bitcoin Developers to Help the Grow & Maintain the BTC Protocol

“Excited to be supporting more Bitcoin protocol development. This is a great start, but hopefully, we can expand this program over time,” said Coinbase CEO Brian Armstrong as the exchange announced that it is sponsoring Bitcoin developers who contribute directly to the Bitcoin Core codebase or closely associated Bitcoin projects.

2020-10-16 20:58


Фото:

60% of Coinbase’s Customers Buy Bitcoin First Before Moving into Altcoins

Investors who purchase their first digital asset on Coinbase buy Bitcoin, but a majority then move on to purchase other cryptocurrencies, a report by the US-based crypto exchange shows Bitcoin provides a gateway to the altcoin market for a majority of investors who buy Bitcoin as their first digital asset, Coinbase has revealed in a […] The post 60% of Coinbase’s Customers Buy Bitcoin First Before Moving into Altcoins appeared first on Coinjournal.

2020-5-15 12:47


Фото:

Coinbase предстанет перед судом из-за халатности при запуске торгов Bitcoin Cash в 2017 году

Судья окружного суда в Сан-Франциско Винс Чхабрия сообщил о начале производства в отношении криптовалютной биржи Coinbase, которая «проявила халатность и некомпетентность» в процессе запуска торгов с монетой Bitcoin Cash.

2019-8-8 20:44


Bitcoin [BTC] shines as digital gold and Ethereum [ETH] may work as DeFi platform, says former Coinbase CTO

Balaji S. Srinivasan, former CTO of Coinbase, spoke about the bet that was placed between Jimmy Song, a well-known Bitcoin proponent and Joseph Lubin, Co-founder of Ethereum. In a short Twitter thread, the Co-founder of Earn stated that Bitcoin “shined as a digital gold,” instead of a payment rail, and that Etheruem “may work” as […] The post Bitcoin [BTC] shines as digital gold and Ethereum [ETH] may work as DeFi platform, says former Coinbase CTO appeared first on AMBCrypto.

2019-5-15 21:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Base Leads as Layer 2 Solutions, Says Coinbase CEO Brian Armstrong

Base, developed by Coinbase, now leads in transaction volume, leveraging optimistic rollups for faster, cheaper transactions while maintaining Ethereum's security. The post Base Leads as Layer 2 Solutions, Says Coinbase CEO Brian Armstrong appeared first on BeInCrypto.

Coinbase Successfully Integrates Bitcoin Lightning Network

Coinbase's integration of the Bitcoin Lightning Network marks a major advancement in reducing costs and transaction times, offering immediate, economical BTC payments. The post Coinbase Successfully Integrates Bitcoin Lightning Network appeared first on BeInCrypto.

Coinbase Readies to Integrate the Bitcoin Lightning Network

Coinbase is set to revolutionize its transaction capabilities by integrating the Bitcoin Lightning Network with Lightspark's help. This strategic move aims to boost transaction speed and reduce costs, marking a significant leap towards improving operational efficiency and user satisfaction.