Binance Introduces Lightning Network

Yesterday, the crypto exchange suspended operations with bitcoin. She called the reboot of the network the reason. This was published on Twitter.

Learn more about the reasons for integration

Yesterday there was a stir with transactions conducted with the first cryptocurrency. Therefore, the exchange had to stop holding them. After 1.5 hours, the opportunity was returned. However, at night the exchange had to suspend transactions again.

Representatives reported that there was too much unfinished transactions. To restore the work, the specialists had to increase the amount of commission fees for those who are waiting for the withdrawal of funds.

Binance representatives also stated that to prevent similar situations in the future, they adjusted the tariffs. Specialists will monitor the activity in the cryptocurrency network and make adjustments in time. In addition, the team has already started work on the Lightning Network integration. This will give an additional way to withdraw Bitcoin from the crypto exchange, which will make the procedure easier.

According to CryptoQuant, since yesterday there has been a strong outflow of the first cryptocurrency on the crypto exchange. During the day, almost 195.5 thousand were withdrawn . BTC worth over $5.6 billion.

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