- Coinbase’s partnership with Lightspark for Bitcoin Lightning Network integration improves transaction efficiency.
- Lightspark’s advanced technology streamlines access to the Lightning Network, offering low-cost BTC transfers.
- The collaboration gives Coinbase a reliable and scalable node infrastructure, driving global financial innovation.
Coinbase, a leading cryptocurrency exchange, announced a strategic partnership with Lightspark to integrate the Bitcoin Lightning Network.
The collaboration aims to revolutionize the way users transact Bitcoin (BTC), providing them with increased speed and profitability.
Lightspark, in an exclusive blog post, revealed the culmination of their nearly two-year effort to refine their platform as the premier gateway to the Lightning Network. With Coinbase integrated, customers can now enjoy seamless access to low-cost, near real-time BTC transfers.
Lightspark’s advanced technology, including its intelligent AI-driven engine “Lightspark Predict,” optimizes liquidity and routing for maximum efficiency.
Coinbase will retain control of Lightning signing keys
With Lightspark’s remote key validation implementation, Coinbase maintains control of the Lightning signing keys while Lightspark manages the node infrastructure. This ensures a reliable, scalable and fully optimized node infrastructure for Coinbase users.
Shan Aggarwal, Vice President of Corporate and Business Development at Coinbase, expressed confidence in creating a global financial ecosystem that prioritizes efficiency and speed.
The integration represents an important step towards achieving this goal, opening the doors to a multitude of payment-related use cases facilitated by Lightspark’s innovative solutions.
Coinbase’s decision to integrate the Lightning Network comes at a time when Bitcoin’s scalability and transaction speed have become crucial concerns. As mainnet transaction fees rise, the Lightning Network offers a promising solution to alleviate congestion and reduce costs.
The move aligns with the vision of Coinbase CEO Brian Armstrong, who previously highlighted the potential of Lightning Network integration.
Founded in 2022 by David Marcus, Lightspark has garnered the support of key industry players and investors, positioning itself as a leader in Lightning Network solutions. The partnership with Coinbase further strengthens its position in the market.
