Lightning Network, the popular layer-2 scaling option for Bitcoin, is on its way to Coinbase, according to CEO Brian Armstrong late Tuesday.
Armstrong’s remarks were in response to a question from Jack Dorsey, co-founder of financial services firm Block Inc., on why the crypto exchange continues to neglect Bitcoin and Lightning.
“We’re looking into the best way to incorporate Lightning.” It’s not easy, but I believe it’s worthwhile. “I’m all for Bitcoin payments taking off,” Armstrong wrote.
The Lightning Network was created to alleviate the Bitcoin network’s scalability difficulties by allowing users to construct payment channels between themselves to conduct off-chain transactions.
Off-chain transactions are substantially faster and less expensive than typical on-chain Bitcoin transactions.
