Summary
TLDR: Lightspark, led by CEO David Marcus, will integrate the Bitcoin Lightning Network onto Coinbase, enabling instant and cost-effective bitcoin transactions. This partnership aims to eliminate payment barriers and provide faster and cheaper transactions for Coinbase customers. The integration includes sophisticated tools and services to simplify the implementation and management of Lightning nodes. This move comes after nearly a year of commitment from Coinbase CEO Brian Armstrong to integrate the Lightning Network onto the platform, responding to the increasing demand for efficient Bitcoin transactions.
Key Points
1. Coinbase has selected Lightspark, led by CEO David Marcus, to integrate the Bitcoin Lightning Network onto its platform, enabling customers to conduct instant and cost-effective bitcoin transactions.
2. The integration includes Lightspark’s sophisticated tools and services, such as SDKs, APIs, and developer tools, simplifying the process of implementing and managing Lightning nodes.
3. One key aspect of the integration is Lightspark’s remote-key signing implementation, where Coinbase holds the Lightning signing keys while Lightspark hosts the Lightning node, aiming to ensure scalability, reliability, and optimization of node infrastructure.