Kraken Exchange Integrates Bitcoin's Lightning Network By Namcios Kraken, one of the leading cryptocurrency exchanges, has just announced support for the Lightning Network for inexpensive and instant customer deposits and withdrawals of BTC. The exchange has set up an LND node, one of the different Lightning Network implementations, and from now on will allow its customers deposits and withdrawals up to 0.1 BTC, or 10 million sats, per transfer. If you are new, Lightning is a second layer implementation of bitcoin, leveraging the 2-of-2 multi-signature addresses to create contracts which connect peers and allows them to transact between one another off-chain in an instant with low fees. “Adoption is going to come from people who have fiat in their bank account, and they need to get it into Bitcoin.” – Pierre Rochard |