BitMart, the world’s leading digital asset trading platform, recently announced the successful integration of Bitcoin into the Lightning Network and opened the way for its users to deposit and withdraw funds. Bitcoin Lightning Network, being a unique second layer solution for Bitcoin, allows off-chain transactions, confirming the final results only on the main blockchain. This innovative approach allows BitMart visitors to enjoy faster and cheaper payment services, streamlining the overall trading process.
In the Lightning Network, the receiving address of a user is called an “Account Number”, which makes it significantly different from other tokens. It has 2 main characteristics: firstly, it becomes invalid after each withdrawal, and secondly, if it is not used for more than 60 minutes, it is automatically updated and requires a new one. This dynamic mechanism improves the security and speed of transactions. However, at the same time, users must be attentive and promptly update in order to receive a new “Account Number”.
BitMart’s Lightning Network nodes are connected through 5 channels, including 2 with ACINQ, 2 with Kraken, and one with OKX. BitMart’s strategic move to integrate Bitcoin into the Lightning Network demonstrates the company’s strong determination to promote the widespread adoption of crypto-currency technologies and demonstrates its commitment to streamlining the user’s trading experience.