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2019-12-03 04:59:59

Lightning Network gets backing from Bitfinex

The Hong Kong-based cryptocurrency exchange Bitfinex becomes the first-ever exchange platform to add support for Lightning Network, a technology that is projected to address one of the biggest hurdles in incentivizing Bitcoin adoption, its scalability. Developed by a San Francisco-based software company called Lightning Labs, the Lightning Network offers a solution to Bitcoin scalability problem, that has been known to suppress its growth and adoption since the very beginning. Experts claim that it is the only issue that stands in front of Bitcoin becoming a full-fledged alternative to the existing payment methods. The world’s largest cryptocurrency fails to even stand