U.S.-based crypto exchange Kraken has implemented the Lightning Network (LN) solution to provide customers with instant Bitcoin transaction settlement.

Lightning Network is a scalable solution or layer 2 built on top of the bitcoin blockchain that allows you to quickly send and receive BTC with virtually no fees.

According to the company, the network can perform millions of transactions per second. For comparison, Visa processes about 65 transactions per second.

The LN payment channel system does not add intermediate transactions to the blockchain, keeping them off the network, which ensures instant and efficient transfer of funds, speaking in public These off-chain channels are protected by multi-signature and time-blocking features.

time, it is increasingly being used as a limitless global currency,” said Pierre Pauchard, manager of bitcoin products at Kraken.


platezhey in bitkoynax in pezhime pealnogo vpemeni, greater rigor omkoct chem lyubaya dpugaya cictema.

Integpatsiya was otlozhena Kraken bolee chem nA god, tak kak pepvonachalno o cvoom namepenii topgovaya platfopma zayavila in dekabpe 2020 years. At the same time, they talked about the creation of a special team that will focus specifically on LN.

Subscribe to BitNovosti in Telegram.

Share your opinion about this news in the comments below.