CryptoMediaClub
Tuesday, July 8, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Coinbase is Exploring ‘Best’ Way to Integrate Bitcoin Lightning Network, Says CEO

02.08.2023
A A
0
124
VIEWS
ShareShare

Coinbase CEO Brian Armstrong revealed that the crypto exchange is exploring the “best” way to integrate the Lightning Network after being called out for not adding support for the layer-2 scaling solution, which enables faster and cheaper BTC transactions than the Bitcoin base network.

The comment comes a month after Binance added LN capability for its users.

Brian Armstrong on BTC Lightning Network

In a tweet on August 2nd, Brian Armstrong, the CEO of the San Francisco-based crypto exchange, reiterated his stance on the integration in response to former Twitter boss Jack Dorsey’s comment wherein he raised a pressing question about Coinbase’s apparent disregard for Lightning Network integration.

In response, Armstrong acknowledged the significance of the scalability solution but highlighted the complexities involved in implementing it, calling the process “non-trivial” but “worth doing.” He assured Dorsey that Coinbase is actively exploring the best approach to incorporate Lightning, recognizing the potential for payments to flourish in Bitcoin.

“We’re looking into how to best add Lightning. It’s non-trivial, but I think worth doing. I’m all for payments taking off in Bitcoin. Not sure why you think we’re ignoring Bitcoin – we’ve onboarded more people to Bitcoin than probably any company in the world.”

This isn’t the first time Armstrong has been poked online for “ignoring” the Lightning Network. Despite being open to the technology, the exec refrained from disclosing specific details regarding the potential integration of LN with Coinbase or offering any estimated timeline for its implementation.

ADVERTISEMENT

Lightning Network Adoption

Last month, Binance announced the successful integration of Bitcoin on the Lightning Network, enabling users with an additional option of “BTC-Lightning” alongside the standard choices of Bitcoin, BEP20, SegWit, and others when depositing the asset.

Binance’s move was prompted by the explosion in transaction fees due to the creation of memecoins on Bitcoin in the form of a new token standard on the network – BRC-20 tokens – in May, as a result of which the exchange had to temporarily pause BTC withdrawals.

In recent years, several well-known platforms, such as Bitfinex, Kraken, and OKX, integrated the scaling solution.

Meanwhile, the Lightning Network’s capacity briefly surpassed an all-time high of 5,000 BTC earlier this year as it continued to gain momentum in emerging markets such as South America and Africa.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share10Tweet6ShareSharePin2

Related Posts

[LIVE] Crypto News Today: Latest Updates for July 8, 2025 — Nasdaq-Listed Murano Global Adopts Bitcoin Treasury Strategy With $500M Backing
All news

[LIVE] Crypto News Today: Latest Updates for July 8, 2025 — Nasdaq-Listed Murano Global Adopts Bitcoin Treasury Strategy With $500M Backing

08.07.2025
0

The crypto market is showing negative signals today, with the total crypto market cap falling 4.6%. Bitcoin is down 1.5%...

Read moreDetails
Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

08.07.2025
London Duo Jailed for $2 Million Crypto Scheme

London Duo Jailed for $2 Million Crypto Scheme

08.07.2025
ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

08.07.2025
Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

07.07.2025
Load More
Next Post
SEC Chairman Gary Gensler Raises Alarm Over Widespread Fraud in Crypto Market

SEC Chairman Gary Gensler Raises Alarm Over Widespread Fraud in Crypto Market

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

US Trading Hours Drive 12% of Bitcoin’s 23% Monthly Gain: Matrixport

US Trading Hours Drive 12% of Bitcoin’s 23% Monthly Gain: Matrixport

1 year ago
Bitget Wallet Announces Native Token After $30 Million Raise – Here’s The Details

Bitget Wallet Announces Native Token After $30 Million Raise – Here’s The Details

1 year ago

57-Year-Old Las Vegas Resident Charged for Alleged Participation in $45M CoinDeal Scam: DOJ

2 years ago
BTC price hits ‘Uptober’ up 5% — 5 things to know in Bitcoin this week

BTC price hits ‘Uptober’ up 5% — 5 things to know in Bitcoin this week

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

Trending

[LIVE] Crypto News Today: Latest Updates for July 8, 2025 — Nasdaq-Listed Murano Global Adopts Bitcoin Treasury Strategy With $500M Backing
All news

[LIVE] Crypto News Today: Latest Updates for July 8, 2025 — Nasdaq-Listed Murano Global Adopts Bitcoin Treasury Strategy With $500M Backing

08.07.2025
0

The crypto market is showing negative signals today, with the total crypto market cap falling 4.6%. Bitcoin...

Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

08.07.2025
London Duo Jailed for $2 Million Crypto Scheme

London Duo Jailed for $2 Million Crypto Scheme

08.07.2025
Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

08.07.2025
ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

08.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz