Yes, Coinbase does support the Lightning Network. The Lightning Network is a “second layer” payment protocol that operates on top of a blockchain-based cryptocurrency like Bitcoin.
It is designed to enable instant, low-cost payments between two parties.
The Lightning Network has been under development for several years and is still in the early stages of rollout. Coinbase has been working on integrating the Lightning Network into its platform since 2018.
In 2019, Coinbase launched a beta version of its Lightning Network wallet for Android and iOS devices.
Coinbase is one of the leading exchanges in terms of adoption of the Lightning Network. The exchange has been working on integrating the protocol into its platform since 2018 and launched a beta version of its Lightning Network wallet in 2019.
The move puts Coinbase ahead of other exchanges in terms of adoption of the protocol.
The benefits of the Lightning Network include instant, cheap payments between two parties. The protocol also has the potential to scale Bitcoin to millions or even billions of transactions per day.
Coinbase’s support for the Lightning Network is a positive step for the cryptocurrency industry as a whole.