Binance, the world’s largest cryptocurrency exchange, has completed the Bitcoin (BTC) Lightning Network integration.
Popular meme coin in the past period Pepe (PEPE) starting with BRC-20 With the disruption of Bitcoin transactions after the rush of Bitcoin, Binance talked about the integration of the Bitcoin Lightning Network.
Making the move today, Binance, in a blog post dated July 17, stated that for Bitcoin Lightning Network announced the completion of the integration. Users now use Bitcoin deposit And Do not Pull in transactions It will be able to take advantage of the Lightning Network option.
Details of where users can obtain their Lightning Network addresses were given in the details of the blog post:
Binance has completed the integration of Bitcoin (BTC) into the Lightning Network. Deposits and withdrawals for Bitcoin (BTC) are now open on the Lightning Network. You can find your assigned Bitcoin (BTC) deposit address on the Lightning Network on the “Crypto Deposit” page.
Integration, users faster And cheaper It will enable Bitcoin transactions and offer a solution to the scalability problems of the network. This is also for Binance users. a better trading experience And lower transaction costs is intended to provide.
Briefly What is Lightning Network?
Lightning Network is a platform developed to increase the scalability of Bitcoin and provide faster, low-cost transactions. second layer is the protocol. Transaction times and transaction costs on Bitcoin’s main blockchain can increase from time to time.
This can limit the use of Bitcoin and make it expensive to transact. The Lightning Network was developed as a solution to this problem.