• About Us
  • Privacy Policy
  • Contact Us
Subscribe
Lascena
Advertisement
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021LIVE
  • Videos
No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021LIVE
  • Videos
No Result
View All Result
Lascena
No Result
View All Result

UK Exchange CoinCorner Supports Bitcoin Lightning Network

January 6, 2021
in Blockchain
Reading Time: 2min read
UK Exchange CoinCorner Supports Bitcoin Lightning Network


Another crypto exchange has added support for Bitcoin’s Lightning Network.

U.K.-based CoinCorner debuted Lightning Network support for its users Tuesday. They can now deposit and withdraw bitcoin with the secondary network, a software stack that is built on top of Bitcoin’s core technology which facilitates cheap and fast transactions.

“Lightning is the most decentralized and trustless scaling solution. We were always going to integrate Lightning but it was just a matter of timing and resource availability within the company,” Danny Scott, CEO of CoinCorner, told CoinDesk.

CoinCorner introduced the payment method to its payment gateway, CoinCorner Checkout, in April of last year, Scott said. This made the integration for the exchange easy, a two-week endeavor, Scott said.

“Granted, myself and Zakk Lakin, our tech lead, have been playing around with Lightning nodes for the last few years, so we have a strong understanding of how it works,” Scott qualified.

Lightning Network deposits and on-chain deposits will show up as the same balance for CoinCorner users, Scott said. He added the exchange plans to roll out a feature that will allow them to pay Lightning Network invoices from their GBP wallet on the exchange, something akin to Zap’s Strike, a Lightning-powered “Venmo” that announced its global release today.

Lightning is currently only available for CoinCorner’s website but Scott said a mobile version will be coming soon.

CoinCorner’s working support for the network comes after crypto exchange Kraken pledged last December to integrate Lightning in 2021. Besides CoinCorner, Bitfinex and River Financial are the only popular cryptocurrency exchanges that have live support for the Lightning Network.

Launched in 2018, Bitcoin’s Lightning Network saw a number of upgrades in the tail end of 2019 and throughout 2020 that have improved its financial plumbing. Most notably, it added multi-part (aka multi-path) payments and wumbo channels, which, respectively, improve how Lightning sends payments and how much bitcoin can be sent through the network. 

These improvements to the Lightning network “have certainly made it more attractive for exchanges to begin introducing it to help with larger and more reliable transactions,” Scott said.

“I think every exchange has Lightning on their radar. It’s just a case of resources and internal company priority as to when this is integrated. If exchanges are running their own wallet infrastructure, then adding the Lightning infrastructure is simpler than people are making out,” he continued.

The network is still young and not without its shortcomings, but it is growing. Per data from Bitcoin Visuals the number of public bitcoin nodes connected to the Lightning Network has grown nearly two fold this year to roughly 8,300 nodes.

Similarly, the amount of bitcoin known to be locked in it has grown roughly 25% year over year to 1,061 BTC.



Source link

Facebook0
Twitter0
Linkedin0
Print0
E-mail0
Yahoo Mail0
GMail0
SMS0
Messenger0
Tags: BitcoinCoinCornerExchangeLightningNetworksupports
Next Post
Crypto Exchange Voyager to Suspend Trading of XRP

Crypto Exchange Voyager to Suspend Trading of XRP

Torben Pryds Pedersen: The Future of Cryptographic Security in the Age of Quantum

Torben Pryds Pedersen: The Future of Cryptographic Security in the Age of Quantum

Don't Miss

BUY AND SELL BITCOIN ON PAYPAL CONFIRMED | ETHEREUM BEAST MODE | Crypto News 2020
Cryptocurrency Videos

BUY AND SELL BITCOIN ON PAYPAL CONFIRMED | ETHEREUM BEAST MODE | Crypto News 2020

by Lascena Cryptocurrency News Education
February 27, 2021
0

Today in crypto, the Paypal rumor about buying and selling Bitcoin was real, Ethereum beast mode, and BTC adoption! 👀...

Read more
XRP Ripple News: PREPARE NOW! This Will Be MASSIVE!!!

XRP Ripple News: PREPARE NOW! This Will Be MASSIVE!!!

February 27, 2021
BREAKING: A Large Amount of the Bitcoin Supply HAS JUST BEEN BOUGHT by MicroStrategy Incorporated!!

BREAKING: A Large Amount of the Bitcoin Supply HAS JUST BEEN BOUGHT by MicroStrategy Incorporated!!

February 27, 2021
How To Mine Nervos CKB | No More GPU Mining – FPGA Mining Tutorial & Staking

How To Mine Nervos CKB | No More GPU Mining – FPGA Mining Tutorial & Staking

February 27, 2021
Cardano Reaches All-Time High, Ahead of Ethereum in Transaction Volume

Cardano Reaches All-Time High, Ahead of Ethereum in Transaction Volume

February 27, 2021

Lascena Cryptocurrency News Education

We have all the latest updated and legitimate information related to Blockchain, Cryptocurrency, latest market rates & trends, prices, new regulations along with every other thing that somehow related to crypto or digital currency market. Our main idea is to provide the kind of news that is original and at the same time, it can prove to be beneficial for our audience.

© 2020 lascena.ca

  • About Us
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021
  • Videos

© 2020 lascena.ca

  • bitcoinBitcoin(BTC)$46,945.00-2.19%
  • ethereumEthereum(ETH)$1,474.05-4.60%
  • cardanoCardano(ADA)$1.3913.88%
  • tetherTether(USDT)$1.00-0.05%
  • Binance CoinBinance Coin(BNB)$226.10-4.37%
  • PolkadotPolkadot(DOT)$34.875.87%
  • rippleXRP(XRP)$0.445117-0.45%
  • litecoinLitecoin(LTC)$173.47-3.40%
  • chainlinkChainlink(LINK)$25.84-3.20%
  • stellarStellar(XLM)$0.44096410.84%