Bitcoin

Light

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
In a recent revelation, Brian Armstrong, cofounder of <a href="https://twitter.com/brian_armstrong/status/1686596515765362688" rel="noopener noreferrer nofollow">Coinbase</a>, announced his intent to incorporate Lightning into their platform, expressing his unwavering support for <a href="https://u.today/is-bitcoin-btc-doomed-top-analyst-unveils-worrying-august-pattern" rel="noopener noreferrer nofollow">Bitcoin's</a> progress. 
Armstrong stated, "We're looking into how to best add Lightning. It's non-trivial, but I think worth doing. I'm all for payments taking off in Bitcoin." He underscored his position on Bitcoin, refuting the notion that the company has ignored the leading cryptocurrency. "Not sure why you think we’re ignoring Bitcoin&nbsp;— we've onboarded more people to Bitcoin than probably any company in the world," he tweeted. 
<blockquote class="twitter-tweet"> 
 We’re looking into how to best add Lightning. It’s non-trivial, but I think worth doing. I’m all for payments taking off in Bitcoin.Not sure why you think we’re ignoring Bitcoin - we’ve onboarded more people to Bitcoin than probably any company in the world.Let’s build it… <a href="https://t.co/9dFGYd6XZt" rel="noopener noreferrer nofollow">https://t.co/9dFGYd6XZt</a>— Brian Armstrong 🛡️ (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1686596515765362688?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 2, 2023</a> 
</blockquote> 
His comments have come amid some criticism regarding Coinbase's alleged neglect of Bitcoin and its Layer 2 technology, Lightning Network. The network promises faster and cheaper transactions on Bitcoin, a significant step toward its broader adoption as a medium of exchange. 
This move toward the <a href="https://u.today/bitcoin-now-steadier-than-gold" rel="noopener noreferrer nofollow">Lightning</a> Network sparked a response from former Twitter CEO Jack Dorsey, who has been a vocal supporter of Bitcoin. Dorsey was the first to respond to Armstrong's comments. In a seeming critique, he asked, "Why do you continue to ignore bitcoin and lightning? What 'crypto' is a better money transmission protocol and why?" 
However, later, Dorsey took a more conciliatory tone, acknowledging Coinbase's contribution to the Bitcoin community and expressing willingness to collaborate. He stated, "No doubt Coinbase introduced more people to Bitcoin than anyone else. And I'm grateful for that. Putting more of your resources towards your original focus on Bitcoin and layer 2 technologies would be amazing, and we'd be happy to partner." 
Dorsey reiterated the vision of having an open protocol for money transmission, free from control by any entity, be it an individual, company or government. This ideal resonates strongly with the philosophy underpinning cryptocurrencies, particularly Bitcoin.

Coinbase Cofounder Confirms Implementation of Lightning

U_Today

Other articles published on Aug 2, 2023

Tether Blacklists Scammer After $20 Million USDT Heist

SOL, ETH Near New Levels, Will the Bearish Streak Continue?

Disinformasi Pemilu Akibat Kecerdasan Buatan (AI)

Shiba Inu: How Much to Make $5 Million, if Price Hits $0.00001?

Can Alex The Doge Compete with Dogecoin’s Market Dominance

Protocol to identify ‘systemically important’ blockchain banks could help prevent a market crash:...

Join our free newsletter for daily crypto updates!