Bitcoin's Lightning Network has experienced impressive growth, with routed transactions increasing from 503,115 in August 2021 to 6,599,553 in August 2023, representing a 1,212% growth. The Lightning Network is a layer-2 scaling solution built on top of the Bitcoin network that allows people or companies to move money between one another without needing to use the blockchain to verify the transaction. <br>

Coinbase CEO Brian Armstrong announced on social media that they have decided to integrate the Lightning Network. Bitcoin is the most important asset in cryptocurrency, and we are happy to contribute to achieving faster/cheaper bitcoin transactions. The integration will take some time, so please be patient.

Talking of the RGB protocol, yet despite several years of development, it has not garnered widespread attention and application. However, as the RGB protocol continues to evolve and refine, this situation is changing.

Coinbase CEO Brian Armstrong and former Twitter CEO Jack Dorsey recently had a friendly conversation on Twitter about the potential and future of Bitcoin and its Layer-2 solution, the Lightning Network. The conversation highlights the growing interest in Layer-2 solutions for Bitcoin. Dorsey suggested that Coinbase should allocate more resources towards Bitcoin and Layer-2 technologies and promoted the concept of an open protocol for monetary transmission. The Lightning Network is a Layer-2 solution that addresses scalability concerns with Bitcoin by processing transactions outside of the main Bitcoin network, making transactions almost instant and essentially free.

Coinbase CEO Brian Armstrong faced questioning from Twitter co-founder Jack Dorsey over his alleged disregard for Bitcoin's lightning network, a layer-2 scaling solution designed to make BTC easier to spend. Armstrong claimed that the next step for crypto was to make payments "instant and free globally" through collective work on layer 2 solutions and user onboarding. While Armstrong did not respond to Dorsey directly,

Bitcoin has seen limited changes over the past decade, with proposed updates causing controversy within the community. However, it is necessary for the protocol's future to have fundamental updates and functional second-layer applications. The process of ossification, where it becomes difficult to alter the underlying protocol due to numerous built-on applications, is a concern for Bitcoin's future.

According to an official announcement, Binance has completed the integration of BTC on the Lightning Network, and deposit and withdrawal services for BTC are now available on the Lightning Network.

Bitcache, a micropayments service based on the Lightning Network and created by Kim Dotcom, the founder of Megaupload, has been placed into liquidation after failing to launch. Despite a reported $5 million crowdfunding effort in 2016 and a promised ICO in 2018, the project never got off the ground.

Binance CEO Changpeng Zhao (CZ) has stated that he is a strong supporter of Bitcoin (BTC) despite the company's focus on developing other cryptocurrencies and blockchains. CZ also addressed concerns about the decentralization of Binance's blockchains, stating that the company prefers to let its child networks remain independent.

June 27 (Cointime) - The latest episode of The Scoop, featuring Frank Chaparro of The Block and David Marcus, co-founder and CEO of Lightspark, is now available on various podcast platforms.