Brian Armstrong said bitcoin is the 'most important asset in crypto' while confirming Coinbase's decision to integrate the Lightning Network.
Coinbase CEO Brian Armstrong said bitcoin is the “most important asset in crypto” while confirming the crypto exchange’s decision to integrate the Lightning Network.
Armstrong’s announcement follows previous discussions and feedback on how to implement the Bitcoin Layer 2 network.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Coinbase CEO Brian Armstrong reiterated his stance on bitcoin, calling it the"most important crypto asset," while confirming the crypto exchange's decision to integrate Bitcoin's Lightning Network after completing a consultation process.
"The team did a great job digging into this, and we've made the decision to integrate Lightning," Armstrongon X today."Bitcoin is the most important asset in crypto and we're excited to do our part to enable faster/cheaper Bitcoin transactions." The Coinbase co-founder added that it will take some time to integrate the Layer 2 network, urging users to be patient. ArmstrongCoinbase would integrate the Lightning Network at some point in the future in April.
The Lightning Network is a second-layer solution of payment channels built on top of the Bitcoin blockchain, designed to enable fast and low-cost transactions.Armstrong's comments follow a consultation process kicked off in August requesting feedback on how to best implement Lightning.
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