HomeBitcoinCoinbase Uses Lightspark for Bitcoin Lightning Transactions

Coinbase Uses Lightspark for Bitcoin Lightning Transactions


Coinbase Global has announced it will be using Lightspark to bring the Bitcoin Lightning Network to its network for faster and cheaper payment transfers.

In an announcement, Lightspark said it is working with the Coinbase team on technical integration. Coinbase will be using Lightspark’s “remote-key signing implementation.”

The Lightning signing keys will be entirely held by Coinbase, while Lightspark will host their Lightning node. By integrating Lightspark will allow more liquidity to be converted in and out of Bitcoin from fiat and cryptocurrencies.


“Coinbase is committed to making the global financial system faster and more efficient,” said Shan Aggarwal, Coinbase VP of Corporate and Business Development in an announcement. “We’re excited to partner with Lightspark to eliminate payment barriers and enable faster and cheaper Bitcoin transactions through support for the Bitcoin Lightning Network.”

Back in 2023, Coinbase explored the possibility of integrating the Bitcoin Lightning Network into its platform. Coinbase CEO Brian Armstrong first mentioned implementing the network through a social media platform post in a discussion with users exploring a new scaling solution.

Benefits of Bitcoin Lightning

The Bitcoin Lightning Network offers several benefits for Bitcoin users, including instant payments. This means transactions on the Lightning Network are almost instant, allowing users to send and receive payments in seconds rather than waiting for confirmation times on the Bitcoin blockchain.

Another perk of the network is scalability. By moving a significant portion of transactions off-chain, the Lightning Network helps alleviate congestion on the Bitcoin blockchain, increasing the overall scalability of the network.

Lower fees is another benefit. Since transactions on the Lightning Network occur off-chain, they typically incur lower fees compared to on-chain transactions, making micropayments and small transactions more feasible.

Lightning Network transactions are private by default, as they do not appear on the public blockchain. This can offer users greater privacy compared to on-chain transactions.


Please enter your comment!
Please enter your name here


New Bitcoin Whales Out-Invest Old Ones

Ki Young Ju, founder and CEO of CryptoQuant, has noted that the initial investments of new whales are almost twice as big as the old whales' cumulative...

Starknet-powered AVNU Launches Paymaster Feature, Revolutionizing Gas Fees on Ethereum Layer-2

In a recent development, Starknet, Ethereum’s layer-2 scaling solution leveraging zero-knowledge rollups, announced a groundbreaking feature by AVNU, its native DEX aggregator. AVNU’s newly launched...

Neo launches Neo X Beta TestNet, more information on GAS utility revealed

Neo has launched the Neo X Beta TestNet, bringing with it a new set of features as progress towards the MainNet launch continues. The latest...


Registered nurses and members from the California Nurses Association (CNA) protest against AI at Kaiser SF. The nurses are worried about patients’ safety but...

Most Popular