Coinbase Partners with Lightspark: Lightning Bitcoin Transactions

This partnership introduces quick, low-cost Bitcoin transactions on Coinbase through the Lightning Network.

This game-changing move addresses the slow and expensive Bitcoin transactions in the crypto space.

Revolutionizing Bitcoin Transactions with Lightspark & Coinbase

The Bitcoin Lightning Network is a second-layer protocol built on top of the Bitcoin blockchain. It enables faster and cheaper transactions by allowing users to open payment channels between any two parties on that channel. However, complexity and reliability issues have hindered the widespread adoption of Lightning nodes. That’s why Lightspark’s involvement comes as a pivotal solution to these challenges.

Lightspark has taken significant strides in removing the intricacies associated with the Lightning Network. Lightspark simplifies Lightning Network integration with SDKs, APIs, and developer tools. This benefits platforms like Coinbase, offering advanced crypto transactions without backend complexity.

Moreover, Lightspark introduces an innovative AI-based smart engine, Lightspark Predict. This engine optimizes liquidity and routing, ensuring fast and successful transactions across the network. This optimization is crucial for Lightning Network transactions, making it attractive for Coinbase

According to Lightspark, Coinbase will be utilizing Lightspark’s remote-key signing implementation. This means that while the Lightning signing keys will be entirely held by Coinbase, ensuring a high level of security, Lightspark will host their Lightning node. This arrangement allows for a balance between control and convenience, giving Coinbase the security of managing its keys while leveraging Lightspark’s expertise in node management.

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.


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