HTX, formerly known as Huobi and currently the eighth largest exchange in the market by trading volume, seeks to improve the efficiency of Bitcoin (BTC) payments on its platform. Through a strategic partnership with IBEX, a pioneer in Bitcoin’s Lightning Network technology, HTX seeks to integrate this technology (which has just entered the testing phase) to enable micropayments and reduce Bitcoin transaction costs.
According to the informed In a statement, the integration of the Blockchain/”>Lightning Network in it HTX exchange promises to improve the way in How BTC payments are made within the platformoffering its more than 45 million users a faster and more economical transaction experience.
The collaboration seeks to improve the user experience in HTX, the eighth largest exchange on the market, and explore and expand the use of the Lightning Network in emerging marketssuch as Latin America and Africa, where Cryptocurrency adoption is on the rise, the exchange says.
The Bitcoin Lightning Network is one of the most important innovations in the blockchain ecosystem. cryptocurrenciesdesigned to address the scalability issues plaguing Bitcoin. This technology allows transactions to be made off-chain, meaning that transactions are processed on a second layer, known as the Lightning Network, where instant and very low-cost payments can be made. This layer facilitates the use of bitcoin for micropayments and everyday transactions, something that the Bitcoin mainchain, due to its design, cannot do efficiently.
As a sign of the relevance of the Lightning network, the current capacity of this network for Bitcoin is 5,153.73 BTC, equivalent to about USD 300 million, according to data from 1MLThis figure reflects the total amount of Bitcoin being used within the Lightning Network’s payment channels, enabling instant, low-fee transactions off the Bitcoin mainchain. The Lightning Network’s capacity has grown significantly, highlighting its adoption and people’s interest in scalability solutions that allow Bitcoin to handle greater volume and efficiency.
The capacity of the Lightning Network is thousands of bitcoin. Source: 1ML.
Exchanges slowly adopt Lightning
The adoption of the Lightning Network by exchanges has been a slow but steady process. This pace is due to several reasons, including the technical complexity of integrating a technology that is still in development and the need to ensure that this integration does not compromise the security or stability of the exchange platforms. However, this cautious adoption It also reflects a trend towards security and stability, ensuring that when it is implemented, it does so in a robust manner.
Among the exchanges that have adopted the Lightning Network are prominent names such as Coinbase, which officially announced its integration this year, As reported by CriptoNoticias. This marked a significant milestone in the adoption of this technology by large-scale exchanges. Another platform is Binance, the largest cryptocurrency exchange on the market, which integrated Lightning last year. That exchange showed interest in the technology and recognized its potential to improve efficiency and reduce transaction costs.
The direction the industry is moving in is clear: most exchanges and digital financial services are geared toward integrating solutions like the Lightning Network. This is because the technology promises not only to improve speed and reduce costs, but also to increase Bitcoin’s privacy and scalability.something essential for its mass adoption and to compete with traditional payment systems.
While the adoption of the Lightning Network by exchanges has been a gradual process, the trend is towards broader integration. This technology not only represents a technical breakthrough for Bitcoin, but also lays the foundation for greater practical and everyday use. of cryptocurrencies, aligning with the direction that most of the industry hopes to follow in the future.
In the case of HTX, the alliance raises the possibility of future collaborations between the two companies to create other digital payment solutions, aiming for further integration and standardization of BTC usage and its associated technology in daily life.
This article was created using artificial intelligence and edited by a human on the editorial staff.
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