Crypto exchange Coinbase has collaborated with the open-source protocol Lightspark to offer its users a Layer-2 solution for the Bitcoin network. In the future, users of Coinbase are expected to benefit from faster and more cost-effective Bitcoin transactions due to this partnership.

The Bitcoin Lightning Network is designed to facilitate quick and affordable transactions among various network participants by utilizing smart contract capability on the blockchain.

According to Lightspark, this integration will result in instant and cheaper transfers for Coinbase customers and opens up possibilities for further cooperation between the two companies in the coming months and years.

Lightspark has emerged as a reliable enterprise-grade gateway to the Lightning Network over the years, making it accessible even to highly selective businesses through their software and services. The company claims to have simplified the process of using a Lightning solution, eliminating many of the challenges associated with setting up and managing a Lightning node and ensuring secure transaction processing.

Several Lightspark products, including SDKs, APIs, and Lightspark Predict - an AI-based tool, have contributed to making this integration successful.

Reportedly, Coinbase CEO Brian Armstrong was questioned by former X CEO and Bitcoin advocate Jack Dorsey about the lack of support for the Bitcoin Lightning Network on the exchange. Armstrong clarified that Coinbase was actively seeking the best method to incorporate the L2 solution.

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