- Coinbase and Lightspark’s partnership for Bitcoin Lightning Network integration improves transaction efficiency.
- Lightspark’s advanced technology streamlines Lightning Network access, providing affordable BTC transfers.
- Through this collaboration, Coinbase is driving global financial innovation by securing a stable and scalable node infrastructure.
Coinbase, a leading cryptocurrency exchange, announced a strategic partnership with Lightspark to integrate the Bitcoin Lightning Network.
The goal of this collaboration is to transform the way users conduct Bitcoin (BTC) transactions, providing increased speed and cost-effectiveness.
In an exclusive blog post, Lightspark revealed the results of its nearly two-year effort to improve its platform into the premier gateway to the Lightning Network. With Coinbase onboard, customers can now enjoy seamless, low-cost, near-real-time BTC transfers.
Lightspark’s advanced technologies, including ‘Lightspark Predict’, an AI-based smart engine, optimize liquidity and routing to maximize efficiency.
Coinbase Retains Control of Lightning Signing Keys
Lightspark’s implementation of remote key verification allows Coinbase to retain control of the Lightning signing keys, while Lightspark manages the node infrastructure. This ensures a stable, scalable, and fully optimized node infrastructure for Coinbase users.
Shan Aggarwal, Vice President of Corporate and Business Development at Coinbase, expressed confidence in building a global financial ecosystem that prioritizes efficiency and speed.
This integration represents a significant step toward achieving this goal and opens the door to a variety 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 speeds have become critical issues. As transaction fees on native networks rise, the Lightning Network offers a promising solution to alleviate congestion and reduce costs.
The move is consistent 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 established itself as a leader in Lightning Network solutions with the support of key industry players and investors. Our partnership with Coinbase further strengthens our position in the market.