Bitcoin
Integration of Bitcoin Lightning Receives Conclusive Approval from Coinbase
It is an L2 solution that targets to permit cheaper and rapid Bitcoin transfers and this decision occurs months after the Bitcoin community’s scrutiny.
Brian Armstrong, the chief executive officer of the prominent crypto exchange Coinbase, declared the integration of the Bitcoin Lightning Network. It is an L2 solution that targets to permit cheaper and rapid Bitcoin transfers and this decision occurs months after the Bitcoin community’s scrutiny. The people responsible for doing the respective scrutiny take into account the prominent critics such as Jack Dorsey.
Coinbase CEO Approves the Integration of Bitcoin Lightning Network into the Crypto Exchange
He is known as the former CEO and co-founder of Twitter. Armstrong took to his official account on X and shared a post in this respect. He noted that the team of the platform did a remarkable job delving into this. In addition to this, he announced the integration of Lightning. The top crypto asset Bitcoin has a significant position within the whole industry.
Also Read: Coinbase Prime Introduces a Web3 Wallet for Consumers
The CEO added the company is enthusiastic to play an important role in enabling cheaper and faster Bitcoin transfers. He also mentioned that the respective procedure will require some time for the integration. Hence, Armstrong advised the community members to express some patience. The respective declaration emerged in reaction to an X post shared by Viktor Bunin (a protocol expert at Coinbase Cloud).
The Integration Emphasizes the Enhancement of the User Experience
The protocol specialist expressed excitement while disclosing that he was leading the respective endeavor. The X post of Bunin signifies that the crypto exchange is taking a huge approach to integration. In doing so, it focuses on diverse aspects like open-source tooling, likely edge cases, and user experience.
Coinbase has witnessed considerable criticism for its perceived deficiency of backing for Bitcoin as well as its L2 solutions. For the earliest time in this year’s April, Coinbase focused on integrating the Lightning network. Following that, there was a deep silence for a considerable period.
