The broker OKEx announced on Monday (19) that it integrated in its platform the Lightning Network (LN) of the Bitcoin network.
In summary, LN is a payment protocol that allows BTC transfers, deposits and withdrawals to be made more cheaply and quickly.
Transactions are more agile and less costly because they start to be made in a second layer, and not in the Bitcoin blockchain, which has expensive fees.
“By integrating tier 2 solutions like Lightning Network, OKEx is able to offer an enhanced trading experience to its users – with lower costs and faster transactions – while supporting the Bitcoin ecosystem by increasing the number of nodes participants, ”said the exchange.
Guilherme Bandeira, who researches and writes about Bitcoin and its legal regulation, explained in this text for the Bitcoin Portal that the principle of a second layer is the same as a ‘contained’ in the bakery.