Bitget Supports Bitcoin Lightning Network to Boost BTC Ecosystem Development
The Lightning Network has solved multiple problems that have plagued cryptocurrency trading. Firstly, it addresses the issue of slow transaction confirmation speeds, where higher fee payers are currently prioritized, resulting in longer wait times for lower fee payers. Secondly, it aims to reduce the high energy costs associated with proposing transaction blocks. Finally, by utilizing smart contracts and multi-signature as core components, the network ensures that designated recipients securely receive their funds, guaranteeing efficient distribution of funds through channels. Currently, Bitget users can choose the Lightning Network as a new option for depositing or selling Bitcoin.
