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Kraken finally implemented the Lightining Network! by vlemon

View this thread on: hive.blogpeakd.comecency.com
· @vlemon · (edited)
$53.38
Kraken finally implemented the Lightining Network!
Hi HODLers,

I hope all of you are doing good in this exciting times!

![image.png](https://images.hive.blog/DQmPXQRAfpavcPzC1JSqpbMc8jhmgUyaFwMuTaGzUuUQeYx/image.png)

[Image Source](https://blog.kraken.com/wp-content/uploads/2020/12/20201215_BlogPost_Small_730x836-_LIGHTNING.jpg)

#### What is the lightning network?

**The Lightning Network is a Bitcoin layer-two protocol designed to provide faster and cheaper BTC transactions.**

As far as I understood it is a way to transact Bitcoin through a different *way* while still having the security guaranteed by the Bitcoin Network

>β€œThe Lightning network runs on top of the Bitcoin blockchain to enable more uses of Bitcoin,”

![image.png](https://images.hive.blog/DQmdMvQtYb74eUbhRxrxvzPJ6NHjnKp7Foe9PC353QrDunc/image.png)

Apparently not all users had access to this withdrawal option and many expect this option to be available for all users in the next 48hours.

>"As a platform that prides itself on being at the cutting edge of innovation without ever sacrificing on the security and quality of the overall exchange offering, Kraken sees lightning integration as a natural step to take."

In any case, Kraken has been late in implementing lightning as it announced back in 2020 its goal to implement it by 2021.

This is a great thing for users as it will allow cheaper deposits and withdrawals!

Some even made fun of this *slow* adoption from major exchanges:

![image.png](https://images.hive.blog/DQmQtrw8oESFUW1NKptvg8z2Hq2z1VnS3fFrLRBbQGy6JZr/image.png)


Stay safe out there...

![image.png](https://images.hive.blog/DQmf8M7sc1D6qBdBhsPoCWTLWSr2yEc1xXeBteBJrkFyB5s/image.png)

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