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Cryptocurrency alternate Binance has introduced it has efficiently built-in Bitcoin (BTC) on the Lightning Community, enabling using the layer-2 scaling resolution for Bitcoin withdrawals and deposits.
Binance confirmed the information in a July 17 weblog publish, the place they defined that Binance customers can now entry their BTC deposit tackle on the Lightning Community.
#Binance has accomplished the mixing of Bitcoin ( #BTC ) on the Lightning Community and deposits and withdrawals at the moment are open.
Extra particulars right here https://t.co/aIofPdtAGY
— Binance (@binance) July 17, 2023
Binance first hinted on the integration of the Lightning Community in Might after it needed to briefly pause BTC withdrawals as a result of a mass of pending transactions attributable to the surge of Ordinals inscriptions.
Binance later confirmed it’s working to onboard the Lightning Community on June 20 shortly after customers noticed Binance’s personal Lightning nodes.
Associated: What’s the Bitcoin Lightning Community, and the way does it work?
The Lightning Community goals to make Bitcoin transactions quicker and cheaper by permitting customers to create off-chain transaction channels.
binanceでLightning対応きたぞ！！！
これでビットコイナーからbinanceも目の敵にされなくなるはず笑#Bitcoin#LightningNetwork #binance pic.twitter.com/xSFMx5GttX
— crypto (@positivebitcoin) July 17, 2023
Journal: Bitcoin 2023 in Miami involves grips with ‘shitcoins on Bitcoin’
This can be a growing story, and additional info shall be added because it turns into out there.
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