CryptoMediaClub
Saturday, July 19, 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

Crypto Price Prediction Today 18 July – XRP, Ethereum, Solana
All news

Crypto Price Prediction Today 18 July – XRP, Ethereum, Solana

19.07.2025
0

Bitcoin ($BTC), the unrivalled frontrunner in the crypto sector, is now trading a mere 2.8% below its record price peak...

Read moreDetails
Ex-Pump.fun Dev Behind $2M Theft Jailed in London for Bail Breach, Faces 7+ Years Prison

Ex-Pump.fun Dev Behind $2M Theft Jailed in London for Bail Breach, Faces 7+ Years Prison

18.07.2025
GENIUS Act Clears Congress as Meme Coins Hit $82B – Snorter Says It’s Sniping Season, ICO Passes $2M

GENIUS Act Clears Congress as Meme Coins Hit $82B – Snorter Says It’s Sniping Season, ICO Passes $2M

18.07.2025
The Nordics First Major Bitcoin Conference BTCHEL Slated for August 2025

The Nordics First Major Bitcoin Conference BTCHEL Slated for August 2025

18.07.2025
XRP, BTC Holders Turn to APT Miner for Stable Investing

XRP, BTC Holders Turn to APT Miner for Stable Investing

18.07.2025
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

Crypto Exchange Listing and Delisting Announcements: March 11, 2024

Crypto Exchange Listing and Delisting Announcements: March 11, 2024

1 year ago
Chainlink (LINK) Market in Turmoil: Whales Dump $2.6M on Binance

Chainlink (LINK) Market in Turmoil: Whales Dump $2.6M on Binance

2 years ago
SEC Staking Shake-Up: Agency Says Proof-of-Stake Isn’t a Securities Deal – What It Means Now

SEC Staking Shake-Up: Agency Says Proof-of-Stake Isn’t a Securities Deal – What It Means Now

2 months ago
Base Dawgz Surpasses $2.7M Presale Milestone as Base Chain Expands into Political Arena

Base Dawgz Surpasses $2.7M Presale Milestone as Base Chain Expands into Political Arena

12 months ago

Categories

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

Highlights

GENIUS Act Clears Congress as Meme Coins Hit $82B – Snorter Says It’s Sniping Season, ICO Passes $2M

The Nordics First Major Bitcoin Conference BTCHEL Slated for August 2025

XRP, BTC Holders Turn to APT Miner for Stable Investing

Thailand Launches National Crypto Sandbox for Tourists

Pepe Price Prediction: Is PEPE Going To Follow XRP And Hit a New ATH In July 2025?

More Than Third of Users Already Use Crypto for Everyday Payments

Trending

Ethereum attracts record ETF inflows and 39% fee drop in Q2, supporting stronger outlook for Q3
Analysis

Ethereum attracts record ETF inflows and 39% fee drop in Q2, supporting stronger outlook for Q3

19.07.2025
0

Ethereum (ETH) registered significant improvements in the second quarter, including increased inflows of exchange-traded funds (ETFs), layer-2...

Crypto Price Prediction Today 18 July – XRP, Ethereum, Solana

Crypto Price Prediction Today 18 July – XRP, Ethereum, Solana

19.07.2025
Ex-Pump.fun Dev Behind $2M Theft Jailed in London for Bail Breach, Faces 7+ Years Prison

Ex-Pump.fun Dev Behind $2M Theft Jailed in London for Bail Breach, Faces 7+ Years Prison

18.07.2025
GENIUS Act Clears Congress as Meme Coins Hit $82B – Snorter Says It’s Sniping Season, ICO Passes $2M

GENIUS Act Clears Congress as Meme Coins Hit $82B – Snorter Says It’s Sniping Season, ICO Passes $2M

18.07.2025
The Nordics First Major Bitcoin Conference BTCHEL Slated for August 2025

The Nordics First Major Bitcoin Conference BTCHEL Slated for August 2025

18.07.2025
  • 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