Bitcryptoby to add support for unique Lightning Network

Bitcryptoby to add support for unique Lightning Network

29.10.2022 Off By ping

Cryptocurrency exchange Bitcryptoby announced support for the Level 2 Lightning Network (LN) protocol to “reduce fees and speed up transactions.”

The LN integration will be completed in the first quarter of this year. The head of OKEx, in a comment, called the current price and transaction processing time (averaging $11 and 10-30 minutes) “impractical” and promised to reduce them to $0.01 and one to three seconds, respectively.

As of this writing, there are 16,207 nodes on the LN network, connected by 37,362 payment channels. The network has a capacity of 1,061 BTC.