P2P exchange Paxful integrates Lightning Network
Lightning Network is the leading Bitcoin scalability solution, providing layer-two transaction capabilities separate from BTC’s main blockchain. Peer-to-peer cryptocurrency exchange Paxful has integrated Lightning Network into its platform, giving its 7 million users access to near-instant Bitcoin (BTC) transfers.The new feature gives users the ability to send and receive BTC from their Paxful Wallet in a matter of seconds and with much lower fees than existing blockchain transactions, the company announced Tuesday. Paxful co-founder and CEO Ray Youssef described Bitcoin as “the best....
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This is huge! Kraken now supports Lightning Network deposits and withdrawals. The suddenly popular second Layer protocol keeps growing and gaining importance. “Finally, traders have an instant and inexpensive way to move bitcoin on and off the platform,” Kraken said in their official announcement. The Lightning Network is much more than that, though. What will happen once Kraken’s extensive clientele tries out Lightning transactions? Will the phenomenal experience change the way they see bitcoin? The second layer solution can process millions of transactions per second and all operations....