Coinbase Founder Brian Armstrong Reveals Plans to Integrate Lightning Network

According to Coinbase laminitis and CEO Brian Armstrong, Coinbase is actively moving connected integrating the Lightning Network (LN), the second-layer scaling protocol. Armstrong emphasized that bitcoin “is the astir important plus successful crypto” and added that the integration of LN would necessitate much time.

Coinbase connected Track to Adopt Lightning Network, Says CEO Brian Armstrong

Brian Armstrong has disclosed that the Lightning Network (LN) is coming to Coinbase. The quality follows Armstrong being asked astir the second-layer exertion connected Twitter erstwhile Block CEO Jack Dorsey questioned him. “Why bash you proceed to disregard bitcoin and Lightning? What ‘crypto’ is simply a amended wealth transmission protocol and why?” Dorsey asked. At the time, Armstrong responded and noted that his steadfast was looking into adding the LN and further stressed that Coinbase is not ignoring bitcoin.

Armstrong said:

Not definite wherefore you deliberation we’re ignoring bitcoin — we’ve onboarded much radical to bitcoin than astir apt immoderate institution successful the world.

On September 12, 2023, Armstrong explained that the LN was coming to Coinbase soon enough. “The squad did a large occupation digging into this, and we’ve made the determination to integrate Lightning,” Armstrong said connected the societal media level X. “Bitcoin is the astir important plus successful crypto and we’re excited to bash our portion to alteration faster/cheaper bitcoin transactions. Will instrumentality immoderate clip to integrate truthful delight beryllium patient.”

At the aforesaid time, the LN has been dealing with a great woody of criticism implicit the past fewer months. For instance, the Lightning Network is inactive considered beta bundle successful 2023, and it’s been retired for much than 7 years. Some radical judge the LN volition ne'er scale, and immoderate businesses person dropped support for the 2nd furniture altogether. Despite the critiques, LN supporters judge that the 2nd furniture volition beryllium integral to scaling BTC to the masses. In July 2023, the LN’s capableness reached an all-time high, but since then, it has dropped much than 12% from the peak.

What bash you deliberation astir Coinbase adopting the Lightning Network? Share your thoughts and opinions astir this taxable successful the comments conception below.