Coinbase Sees 15% of Bitcoin Transactions on Lightning Network as Lightspark Launches Spark Layer-2 Protocol

Coinbase announced that 15% of all Bitcoin transactions on its platform now utilize the Lightning Network, a layer-2 scaling solution that enables faster and cheaper Bitcoin payments. This milestone comes one year into Coinbase’s partnership with Lightspark, the company powering these Lightning Network transactions. Concurrently, Lightspark launched Spark, a new Bitcoin layer-2 protocol now live on mainnet, designed to facilitate the development of financial applications and asset issuance on Bitcoin. Spark aims to offer a user-friendly, open, and fast environment for developers building wallets, stablecoins, and other financial apps. Industry participants like BitGo have also integrated Lightning Network access through Voltage Cloud, highlighting growing adoption of scalable Bitcoin transaction solutions. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io