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The adoption of Lightning Network increases as more exchanges integrate it.



The adoption of Lightning Network has increased in recent months, with more and more exchanges that now integrate it. According to a recent announcement, the San Francisco-based financial firm, River Financial, is the last to allow Lightning deposits and withdrawals.

Developed to increase the scalability of Bitcoin, the adoption of Lightning Network was slow throughout 2018. However, in 2019, it has had considerable adoption. The integration of Lightning Network in exchanges would allow users to allow faster deposits and withdrawals.

The announcement was first made on Twitter, and the asset management company tweeted:

In addition, River Financial has enabled additional features for its users, including support for deposits and withdrawals to any Bitcoin address, the option to stack sats with an average cost in dollars, etc.

Lightning network adoption

In addition to River Financial, Bitfinex also announced its support for Lightning Network on December 3. With this announcement, Bitfinex became the first major exchange to support Lightning Network. With LN enabled, it will help in P2P micropayments with small fees and high volume transfers.

Although LN has registered the adoption in recent months, it witnessed vulnerabilities that were finally corrected. In terms of adoption, Blockstream c-lightning software is the most important. The development team released an update that allows payments from several parties. The update allows larger payments that were traditionally not safe to send by dividing these funds into micropayments across multiple channels.

In September 2019, the number of public nodes in the Lightning Network crossed the 10,000 mark. It is also worth noting that the figures reached a strong rising spring in less than a year and it was speculated that they were due to the launch of the Lightning House Node that simplified the process of running a node for non-technical users.


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