light sparkis led by CEO David Marcus, a former president of PayPal. chosen Coinbase, the largest cryptocurrency exchange in the US, has announced the integration of the Bitcoin Lightning Network into its platform. This integration will enable Coinbase customers to perform instant and cost-effective Bitcoin transactions.
I was excited to announce that @Coinbase selected @Light Spark To enable #bitcoin Lightning Network across platforms and services. He added one more important milestone for the Lightning. ⚡ Coming soon to millions of new people and over 100 countries! https://t.co/Dj5JDqdmOl
— David Marcus (@davidmarcus) April 3, 2024
“Coinbase is committed to making the world’s financial system faster and more efficient,” said Shan Agarwal, vice president of corporate and business development. “We are excited to partner with Lightspark to eliminate payment barriers and enable faster and cheaper Bitcoin transactions through support for the Bitcoin Lightning Network.”
Lightspark has spent nearly two years developing its platform as a primary entry point to the Lightning Network, responding to the needs of institutional customers seeking a reliable and efficient solution for Bitcoin transactions. The Coinbase integration includes Lightspark’s advanced tools and services, such as SDKs, APIs, and developer tools, to simplify the process of implementing and managing Lightning nodes.
One of the key aspects of the integration is Lightspark’s implementation of remote key signing, where Coinbase holds the Lightning signing keys and Lightspark hosts the Lightning nodes. This configuration is intended to ensure scalability, reliability, and optimization of the Node infrastructure, allowing Coinbase to provide a great user experience without the complexity of managing large-scale Lightning implementations. You can concentrate on
“It has been a pleasure getting to know David and the entire LightSpark team.” Said Viktor Bunin, Coinbase Protocol Specialist. “They are building great technology and are great to work with. We look forward to partnering with them and launching Lightning support soon™.”
Today’s official announcement comes almost a full year after Coinbase CEO Brian Armstrong. Involved Integrate Lightning Network into your exchange. The consolidation now comes at a critical time, given the growing demand for efficient Bitcoin transactions as Bitcoin prices and transaction fees rise.coinbase Facilitate The company’s quarterly trading volume reached $154 billion across its platforms, and the company will now offer customers access to cheaper and more efficient Bitcoin transactions, further increasing its scalability.
https://bitcoinmagazine.com/business/largest-us-crypto-exchange-coinbase-to-integrate-the-bitcoin-lightning-network
