Coinbase has teamed up with Lightspark to integrate the Bitcoin Lightning Network for its 108 million user base.
Lightspark says the integration on Coinbase will offload more transaction activity away from Bitcoin’s base layer, where fees have increased considerably over the last 12 months.
Coinbase is one step closer to integrating Bitcoin Lightning on its platform amid a new partnership with Lightspark, an enterprise-focused Lightning solution led by former PayPal president David Marcus.the integration of the Bitcoin layer-2 network will happen “soon” — which will allow its 108 million user base to leverage potentially faster and cheaper Bitcoin transactions.
Founded in 2022, much of Lightspark’s efforts have revolved around removing complexities that come with implementing and managing a Lightning node to send and receive transactions reliably. The firm also built Lightspark Predict — an AI-based smart engine that aims to optimize liquidity requirements and routing in real time to maximize transaction success rates and finality times.The main reason for failure occurs when no payment route can be found that has enough liquidity to facilitate the transfer, however, River found the average Lightning transaction size was around 44,700
Lightning has become a popular payment method in Lugano, Switzerland, El Zonte in El Salvador — known as “Bitcoin Beach,” and Utiva in Costa Rica, known as “Bitcoin Jungle.”Bitcoin is hedge against ‘horrible’ gov’t fiscal policy — Cathie Wood
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase Moves Forward On Lightning Network Integration With Lightspark PartnershipCrypto Blog
Read more »
Bitcoin & Bitcoin Cash Among Top Crypto Gainers as Crypto Prices Pump: What About Green Bitcoin?Crypto Blog
Read more »
Bitcoin price reclaims $70K as Coinbase BTC supply hits 9-year lowBTC reserves on Coinbase hit a 9-year low as Bitcoin accumulation is resuming.
Read more »
Bitcoin Reacts to SEC v. Coinbase Ruling With Price DropBitcoin's price plunges as court ruling in SEC case against Coinbase sparks market turmoil
Read more »
Coinbase to launch futures trading for dogecoin, litecoin, and bitcoin cash on April 1Coinbase Derivatives plans to kick off futures trading for dogecoin, alongside litecoin and bitcoin cash.
Read more »
Bitcoin whales copy classic bull market moves as BTC price eyes $72KBitcoin aims higher into the Easter weekend as BTC price momentum shakes off Coinbase nerves.
Read more »