LIVEBinance Officially Integrates Bitcoin Lightning Network
The cryptocurrency industry has witnessed numerous advancements in recent years, and Binance has been at the forefront of multiple updates. In a recent announcement, the exchange revealed the successful integration of Bitcoin [BTC] on the Lightning Network.
In a blog post released on July 17, Binance announced that its users now have the ability to leverage a layer-2 scaling solution for withdrawing Bitcoin. Moreover, the exchange has allocated Bitcoin deposit addresses specifically for the Lightning Network. As a result, users can now access their Bitcoin deposit address on the Lightning Network through Binance.
The primary objective of the Lightning Network is to enhance the speed and affordability of Bitcoin transactions while eliminating congestion.
