OKCoin Exchange to Add Lightning Network Payments

[waybesuricata]

OKCoin plans to integrate Lightning Network payments later this quarter. Those who use the Bitcoin layer two scaling solution to deposit at the US-based cryptocurrency exchange will benefit from faster transaction times and lower fees.

OKCoin joins a handful of other exchange platforms offering Lightning Network payments. A recent uptick in Bitcoin transaction costs may continue to accelerate adoption.

OKCoin Embraces Layer 2 Solutions
OKCoin will become one of the first US-based exchanges to integrate layer two solutions. It revealed plans to launch Lightning in the coming weeks via a blog post on Friday.

The Lightning Network is an effort to scale the Bitcoin network by alleviating the demand for block space on the main chain. Payments occur on a layer above the Bitcoin blockchain, eventually settling on the main chain.

Source and continuation of the article:  https://beincrypto.com/okcoin-exchange-to-add-lightning-network-payments/

[Shivani Patil]

OKCoin is an outstanding platform for advanced trading of some of the most common cryptocurrencies on the market. The exchange is very liquid, and many people from all over the world trust it.

The OKCoin trading platform is very user friendly and well built. It also provides specialised forms of trading and services for experienced traders
Source: CoinPedia