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