Coinbase Chooses Lightspark for Bitcoin Lightning Network

The prominent crypto exchange Coinbase has recently announced joining Lightspark. As per the exchange, it is choosing Lightspark to onboard the Bitcoin Lightning Network and subsequently offer the relevant services to the users. At present, the company’s team is operating on the technical integration.

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Coinbase Joins Lightspark to Onboard Bitcoin Lightning Network

Lightspark recently shared an exclusive blog post concerning this development. The firm expressed its enthusiasm regarding this endeavor. The clients of the crypto exchange will leverage the cost-effective and rapid transactions. In addition to this, the integration will also lead to further collaboration between entities in the upcoming time.

Lightspark added that the company has been making great efforts for nearly a couple of years to improve its status. Its focus was on turning into the finest enterprise-grade gateway to the Lightning Network. It asserted that its services and software permit the most demanding entities to dependably become a part of the Lightning network. This would enable low-cost and almost real-time BTC transfers.

According to Lightspark, it has efficiently eliminated the majority of the complexity. This complication usually deals with the management and implementation of a Lightning node and reliable delivery of transfers. Lightspark APIs, developer tools, and SDKs permit a matchless and convenient integration. Simultaneously, an AI-driven smart engine “Lightspark Predict” deals with liquidity requirements.

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Apart from that, it also manages real-time routing to touch the finest finality times and transfer rates. The crypto exchange will utilize the remote-key validation implementation of Lightspark. In this respect, Coinbase will entirely hold the signing keys of Lightning. On the other hand, Lightspark will host the Lightning nodes.

The Development Enables the Provision of Reliable and Scalable Node Infrastructure

The integration permits the crypto exchange to leverage a reliable, scalable, and completely improved node infrastructure. It would offer a thorough suite of operability via an intuitive and simple interface. Shan Aggarwal, Coinbase’s VP of Corporate & Business Development commented on this development.

As per the executive, the company is determined to establish a worldwide financial ecosystem that offers more efficiency and swiftness. He added that the latest Integration signifies a huge step in that direction. Lightspark integrations can lead to more payment-related use cases.

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