Vietnam’s Oldest Bitcoin Exchange Adds Support for Lightning Network
With VBT's integration, the Lightning Network now has support from half a dozen Bitcoin exchanges.
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Exchange support for Bitcoin's Lightning Network is growing as U.K.-based CoinCorner's integration of the scaling solution goes live.
The leading global crypto exchange and derivatives trading platform OKEx recently announced support for Bitcoin’s scalability solution, Lightning Network. Regarding the new development, we had the opportunity to interact with Jay Hao, CEO of OKEx and the Lightning Network (LN) team. We asked them few questions and this is what they had to say. Q: […]
There is a limit of $999 every seven days for BTC transactions on the Lightning Network. According to a new page added to its support section on Oct. 25, Cash App — a mobile phone payment processing app created by Block Inc. — has added support for transactions via the Bitcoin Lightning Network. The new feature allows Cash App users to send and receive Bitcoin (BTC) on the faster, more efficient layer-2 protocol. Lightning is ideal for small transactions, with near-instant processing times, compared with the minutes to hours required on the Bitcoin blockchain. Cash App had already....
The Lightning Network is one of the most bullish developments that the Bitcoin ecosystem has seen so far. And all the available metrics point up, a healthy and vibrant network is brewing. However, investor Kevin Rooke took a deeper look and found out that the Lightning Network is probably even bigger than previously thought. “Inaccurate comparisons and privacy preserving features make it hard to truly understand how big the Lightning Network is.” Related Reading | Bitcoin Lightning Network Reaches Record Capacity What does Rooke mean by that? Let’s find out. The Lightning Network By....
“There are a lot of people working on layer 2 solutions that are waiting for Segwit,” says Bitfinex Chief Security Officer Phil Potter in a discussion between core developers, bitcoin ecosystem participants and Bitcoin enthusiast Roger Ver. “If Segwit doesn’t happen, think of the downstream projects. There are eight or nine different Lightning projects being sponsored out there, which will be completely hamstrung without this — sure, we have some ways to do payment channels without Segwit, but we don’t have a trustless Lightning Network and the malleability fix is really helpful for that.....