Cryptocurrency exchange OKEx has announced that it will integrate the Lightning Network into its platform so that it is possible to receive, send and trade bitcoin over the second tier lightning network.
OKEx is extremely proud to be one of the first major exchanges to join the Lightning Network. We are always looking for new ways to decrease user fees and transaction times. By integrating Layer 2 payment protocols, such as the Lightning Network, we can offer more competitive offers to our users and, at the same time, openly demonstrate our support for the Bitcoin network, increasing the number of nodes participating in the Lightning Network, commented the CEO of OKEx, Jay Hao.
According to the company, the solution will be implemented in the second half of this year.
A trend for the future?
In recent months, the Lightning Network, the bitcoin instant payments network, has gained the attention of exchanges, with OKcoin and CoinCorner implementing the solution on their trading platforms.
For many, the solution will allow for a decongestion of the bitcoin blockchain, optimizing the network and considerably reducing transaction costs. The solution, however, is taking too long to gain popularity.
Bitcoin.org administrator CobraBitcoin even commented that 2022 will be "a key year for the network" and that, if Lightning does not gain further adoption, the network would begin to have serious problems.
It's been 6 years of development now. This needs to start to justify the hype or it will start to disappear.
Do you believe that the network will be widely accepted in the near future? Leave your opinion in the comments section below.
See also: Kraken will allow withdrawals by the Lightning Network in 2022
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