Coinbase works with Lightspark for the integration of the Bitcoin Lightning Network

Coinbase works with Lightspark for the integration of the Bitcoin Lightning Network

  • The partnership of Coinbase with Lightspark for the integration of the Bitcoin Lightning Network increases transaction efficiency.
  • The progressive technology of LightSpark optimizes access to the Lightning Network and offers inexpensive BTC transfers.
  • Due to the collaboration, Coinbase receives a reliable, scalable node infrastructure that drives global financial innovations.

Coinbase, a leading cryptocurrency exchange, has announced a strategic partnership with Lightspark to integrate the Bitcoin Lightning Network.

The cooperation aims to revolutionize the way users do Bitcoin (BTC) transactions and to offer them a higher speed and cost efficiency.

In an exclusive blog post,

LightSpark revealed the highlight of her almost two -year efforts to further develop her platform as a first -class gateway into Lightning Network. With coinbase on board, customers can now enjoy seamless access to inexpensive BTC transfers almost in real time.

The progressive technology of LightSpark, including the AI-controlled smart engine "Lightspark Predict", optimizes liquidity and routing for maximum efficiency.

Coinbase keeps control of Lightning signature key

With the remote key validation implementation of Lightspark, Coinbase keeps control of Lightning signature key, while LightSpark manages the knot infrastructure. This ensures a reliable, scalable and fully optimized node infrastructure for coinbase users.

Shan Aggarwal, Vice President of Corporation and Business Development at Coinbase, was confident that it was to build a global financial ecosystem in which efficiency and speed are in the foreground.

Integration represents a significant step towards achieving this goal and opens doors to a variety of payment cases that are made possible by the innovative solutions of LightSpark.

The decision of Coinbase to integrate the Lightning Network falls at a time when the scalability and transaction speed of Bitcoin have become critical concerns. Since the transaction fees in the primary network increase, the Lightning Network offers a promising solution to relieve overload and reduce costs.

The step is in harmony with the vision of Coinbase CEO Brian Armstrong, which had previously emphasized the potential of Lightning Network integration.

Lightspark was founded in 2022 by David Marcus and won the support of important industry players and investors and positioned itself as a pioneer in Lightning Network solutions. The partnership with Coinbase continues to strengthen its position on the market.

Source: Coinlist.me