Cryptocurrency exchange Binance stated about the completion of the integration of the Lightning Network L2 solution on its trading platform. Now site users have the opportunity to replenish their account and withdraw funds in bitcoins through this network.
The corresponding option is already available:
Among other options, the platform offers BNB Smart Chain, BNB Beacon Chain, Ethereum, and SegWit.
The CEO of the exchange, Changpeng Zhao, announced the upcoming integration at the end of May. According to him, the innovation is designed to solve problems with the withdrawal of bitcoins from the platform, caused by a high load on the network.
The reason for these difficulties was the large volume of Ordinals and BRC-20 tokens. Some members of the Bitcoin Core development team propose to solve the problem more radically by blocking the specified protocol.
We also recall that the Lightning Network integration is being prepared by the Coinbase exchange, as its CEO Brian Armstrong claims.
Vitalik Buterin, in turn, notes that the Lightning Network has certain stability issues. The co-founder of the Ethereum project is sure that the further scaling of Bitcoin depends on alternative L2 solutions and the influx of new ideas.
Source: Cryptocurrency
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