Binance will activate the Bitcoin Lightning Network designed to make Bitcoin (BTC) transactions faster and cheaper ⚡️
🌩️ “Binance is working to integrate the Bitcoin Lightning Network for deposits and withdrawals,” Binance tweeted on Tuesday.
🌩️ This step was taken after Binance promised to add support for the Bitcoin Lightning Network in early May.
🌩️ Lightning Network is a layer-2 protocol built on top of Bitcoin to address scalability issues. This allows for faster and cheaper transactions.
🌩️ Bitcoin Lightning Network has no transaction per second (TPS) limit. One channel in the network can process more than 250 TPS, and there is no limit to the number of channels that can join this network.
