CryptoNews: Binance has started running nodes on the Bitcoin Lightning Network, a layer-two payments solution for the world’s largest cryptocurrency. 🚀
Binance Has Started Running Nodes on the Bitcoin Lightning Network
This is seen as a key step towards enabling Lightning Network-based deposits and withdrawals on the platform. Binance confirmed its new Lightning nodes in aThe Lightning Network allows users to create payment channels and transact off-chain with minimal fees and fast confirmation times. The channels can be closed and settled on the Bitcoin blockchain whenever necessary. This reduces the load and congestion on the main network, especially during periods of high demand.
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