Coinbase, the leading American crypto exchange, has teamed up with Lightspark, an open-source protocol, to integrate the Bitcoin Lightning network Layer-2 solution into its platform. This strategic alliance aims to revolutionize Bitcoin transactions, promising near-instant and cost-effective transfers for Coinbase users.
Lightspark: Spearheading Lightning Innovation
Lightspark, renowned as an “enterprise-grade gateway” to the Lightning Network, is set to offer Coinbase customers seamless access to lightning-powered transactions. With its user-friendly software and services, Lightspark simplifies the complexities associated with Lightning implementation, empowering developers within the Coinbase ecosystem to leverage Lightning solutions effortlessly.
We're excited to share that @Coinbase has selected @Lightspark to bring the Lightning Network to all its customers, promising near-instant, cheaper Bitcoin transactions. Read more here: https://t.co/PaxyhKMZtv pic.twitter.com/MoEENtjElm
— Lightspark (@lightspark) April 3, 2024
Coinbase’s Quest for Excellence
Former X CEO, Jack Dorsey, once questioned Coinbase’s stance on the Lightning Network. However, Coinbase CEO Brian Armstrong clarified that the exchange was diligently seeking the optimal integration approach. Now, with Lightspark onboard, Coinbase is poised to deliver the best Lightning Network experience to its users.
Shan Aggarwal, Coinbase’s VP of Corporate and Business Development, emphasized the exchange’s dedication to enhancing global financial systems’ speed and efficiency. With Lightspark’s scalable and intuitive node infrastructure, Coinbase is primed to elevate transactional capabilities, ushering in a new era of streamlined and accessible financial transactions.
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