Coinbase CEO Brian Armstrong recently signaled that they could take advantage of Lightning on the platform at some points. Lightning is a Bitcoin layer 2 scaling solution.
Coinbase CEO Brian Armstrong Gives the Green Light to Lightning
Armstrong responded to a tweet on April 8 that criticized him for actively ignoring the network by mentioning, “Lightning is great and something we’ll integrate.”
Armstrong didn’t elaborate on the specifics of a Lightning integration with Coinbase or when it would be anticipated.
David Coen’s Point of View
If Armstrong keeps his word, Coinbase will join Bitfinex, Kraken, and OKX as the biggest trading platforms that have adopted Lightning, according to a GitHub repository by Lightning fanatic David Coen.
Lightning integration may not be in line with many of these trading platforms’ business plans, according to Coen, “since the priority seems to be to integrate as many altcoins as possible and follow the trends of the market.”
About Lightning
Armstrong revealed that he recently tested a Lightning network app. He said that after Joseph Hall shared a video of him using Bitcoin in Senegal, he sent him $100 in BTC. However, Armstrong “needs a tutorial on Lightning,” according to Bitcoiner Derek Ross, after Hall stated that he hadn’t received the money.
It’s interesting to note that in January 2016, Armstrong wrote an article titled “Scaling Bitcoin” in which he declared his support for scaling solutions for the cryptocurrency:
“We also did it to show our support for scaling Bitcoin, and encourage things to move forward, since we’d like to see a solution sooner rather than later.”
Brian Armstrong
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