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3232Exchanges May Offer Custodial Lightning Network Accounts in the Future
https://www.digit.info/exchanges-may-offer-custodial-lightning-network-accounts-in-the-future/
Tue, 30 Jan 2018 17:18:52 +0000https://www.digit.info/2018/01/30/exchanges-may-offer-custodial-lightning-network-accounts-in-the-future/Read more]]>Most Bitcoin users have high hopes for the Lightning Network. It is a new scaling solution which will – hopefully – enable instant Bitcoin transactions at very low cost. At the same time, there are some concerns over how certain companies and service providers will implement this technology. It seems Coinbase plans to offer Lightning-connected custodial accounts. This is not how things are supposed to work, especially not when it comes to a decentralized cryptocurrency. Coinbase and the Lightning Network It’s become evident rather quickly Coinbase may be a critical player in the future of the Lightning Network. The company has not
Most Bitcoin users have high hopes for the Lightning Network. It is a new scaling solution which will – hopefully – enable instant Bitcoin transactions at very low cost. At the same time, there are some concerns over how certain companies and service providers will implement this technology. It seems Coinbase plans to offer Lightning-connected custodial accounts. This is not how things are supposed to work, especially not when it comes to a decentralized cryptocurrency. Coinbase and the Lightning Network It’s become evident rather quickly Coinbase may be a critical player in the future of the Lightning Network. The company has not