Bitfinex, a digital asset trading platform offering state-of-the-art services for digital currency traders and liquidity providers around the world, has added support for the Lightning Network that traders can connect to and open a payment channel with the platform.
The Lightning Network is a second layer technology for Bitcoin blockchain that enables custodian-free instant and high-volume micropayments across a network of participants. It creates a secure network, where participants can transact with each other directly, without having to broadcast everything on the blockchain. On another note, Bitfinex users can look forward to more cost-effective and efficient transactions.
As one of the most advanced cryptocurrency exchanges, support for the Lightning Network is one of its efforts to boost Bitcoin’s competitiveness as a means of payment, bringing the cryptocurrency ever close to achieving mass adoption, Bitfinex CTO Paolo Ardoino claimed.
What's Your Reaction?
A keen researcher who believes in enriching her knowledge. For Shuhada, the crypto world intrigues her sense and offers plenty of high delicious 'crypto cuisines'.