Cryptocurrency change Binance has introduced that it has efficiently built-in bitcoin (BTC) on the Lightning Community, enabling the usage of a layer-2 scalping resolution for bitcoin withdrawals and deposits.
Binance confirmed the information in a July 17 weblog publish, the place they defined that Binance customers can now entry their BTC deposit addresses on the Lightning Community.
Extra particulars right here https://t.co/aIofPdtAGY
— Binance (@binance) 17 July 2023
Binance first hinted at Lightning Community integration in Could, when it needed to quickly halt BTC withdrawals as a consequence of a lot of pending transactions as a consequence of a rise in Ordinals inscriptions.
Quickly after customers noticed Binance’s personal Lightning nodes, Binance later confirmed that it’s working to onboard the Lightning Community on June 20.
Related: What’s bitcoin lightning community and the way does it work?
The Lightning Community goals to make bitcoin transactions quicker and cheaper by permitting customers to create off-chain transaction channels.
Binance now helps Lightning! , ,
— crypto (@positivebitcoin) 17 July 2023
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This can be a growing story, and extra info will likely be added because it turns into obtainable.