Binance to Integrate Bitcoin Lightning Network for Faster Transactions

Binance, one of the world’s largest cryptocurrency exchanges by volume, announced progress on integrating Bitcoin Lightning Network (LN) for faster deposit and withdrawal transactions. The exchange’s decision to adopt LN started after it experienced technical difficulties following a massive Bitcoin withdrawal on May 8. CEO Changpeng Zhao (CZ) commented on the development, stating, “we continue to build.” Binance’s Integration of Bitcoin Lightning Network Binance recently acknowledged the ongoing work on the integration of Bitcoin LN into the exchange, stating, “Some attentive users recently noticed our new LN nodes. Yes, that’s us! There are still technical tasks to be accomplished. We will inform when LN is fully integrated.” By leveraging LN, Binance aims to make Bitcoin deposit and withdrawal transactions faster and more scalable, thereby providing a smoother user experience. The giant cryptocurrency exchange is expected to complete the LN integration shortly. CZ, commenting on Binance’s statement via a tweet from […] The post Binance to Integrate Bitcoin Lightning Network for Faster Transactions appeared first on COINTURK NEWS.