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Binance to integrate Bitcoin lightning network. Binance To Enable Bitcoin Lightning Network Withdrawals Binance, the largest cryptocurrency exchange, has suspended Bitcoin withdrawals twice in the past 12 hours. Despite causing alarm in the community, the exchange has reassured users that their funds are secured. Now at press time, the organization announced plans to introduce withdrawals via the BTC Lightning Network. A couple of hours back, Binance made an announcement that it would be suspending Bitcoin withdrawals again. This time, the reason was a high volume of pending transactions. After approximately three hours, the exchange reopened Bitcoin withdrawals. However, in order to process the backlog of pending transactions, they were replacing them with higher transaction fees. Following the suspension of Bitcoin withdrawals by Binance, there was a wave of FUD with some people questioning the exchange’s financial stability. Nonetheless, Binance has reassured its users that all funds are ‘SAFU’ and even outlined the measures being taken to avoid such incidents in the future. One of these measures includes adjusting the fees charged by the exchange. In addition, Binance is working towards enabling withdrawals via the BTC Lightning Network, which is expected to be useful in similar scenarios. https://i.nostrimg.com/082a9d481cc6b50cbde5db8a7d4996e6402209cc1ab539c093d409b17eb3cf05/file.webp #bitcoin #btc #binance #nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain #lightning #lightningnetwork #zap #zaps #zapper #zappers #zapping #zapped #zapathon #zapraiser #zaplife #skullofsatoshi

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🥶 Ethereum Gas Fee Exceeds Yearly High Right now, a couple of transactions in DeFi protocols on the Ethereum blockchain will cost you about $ 100 ... The last time this happened was more than a year ago. What happened? Judging by the hype around meme-coins like PEPE, commissions flew into space because of them. Now even L2 networks will not help, because the fees there have also jumped by about 10 times. Polygon zkEVM, Starknet, and zkSync Era were hit the hardest — commissions on these networks rose from $2 to $10. And in DeFi applications, they can reach $30. Such are the solutions for scaling Ethereum... 😁 But that's not all: At the same time, commissions in the Bitcoin network rose to $6-7 due to experiments with BRC-20 and NFT (Ordinals) tokens - this is the maximum in the last 2 years. BRC-20 are fungible tokens on the Bitcoin network inspired by the ERC-20 standard. ✅ What are the advantages of all this? • The excitement around the crypto = the influx of new users. People love memes and meme tokens have always increased the popularity of crypto via social media. • Second plus: Ethereum transactions have a built-in mechanism for burning a small amount of ETH. The more commissions and activity in this network, the more coins are burned in each transaction, and this increases the value of ETH. #bitcoin #btc #ETH #NFT #Ordinals #Polygon #PEPE #nostr #nostrich #nostriches #nostrichs #amethyst #plebs #pleb #plebchain #coffee #coffeechain #lightning #lightningnetwork #zap #zaps #zapper #zappers #zapping #zapped #zapathon #zapraiser #zaplife #skullofsatoshi

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