Kraken users report Bitcoin Lightning Network availability

Major American cryptocurrency speech Kraken reportedly started implementing the Bitcoin (BTC) Lightning Network for users a spot aboriginal than the steadfast primitively planned.

Bitcoin maximalist Mr.Hodl took to Twitter connected Wednesday to study that Kraken has implemented the Lightning Network. He attached a screenshot of the expected caller Kraken withdrawal process allowing users to implicit a withdrawal petition from a Lightning wallet to person BTC from their accounts.

“The Lightning web runs connected apical of the Bitcoin blockchain to alteration much uses of Bitcoin,” Kraken’s withdrawal announcement connected the screenshot reads.

— Mr.Hodl (@MrHodl) March 29, 2022

It appears that nary different Kraken users person reported the expected BTC Lightning implementation connected the level truthful far. Instead, immoderate Kraken customers said that they didn’t person the Lightning enactment to retreat BTC arsenic of Tuesday, suggesting that the Lightning implementation should beryllium extended for each accounts wrong 24 hours. 

The archetypal reports connected Kraken’s BTC Lightning exertion surfaced successful mid-March, with cryptocurrency enthusiasts suggesting the implementation commencement based connected information from the Lightning Network explorer known arsenic Amboss.

A spokesperson for Amboss told Cointelegraph connected March 16 that the explorer received a “network gossip” broadcasting its node alias arsenic Kraken with an octopus and a lightning emoji, noting that immoderate node could theoretically alteration their alias and enactment arsenic an imposter. “But this is already a precise ample node astatine 7 BTC successful capacity,” the typical said, adding:

“Kraken has not contacted america to verify that this node is theirs utilizing our modular Twitter positive integer signature verification process to beryllium ownership. However, judging by the restrictive transmission policies, their prime of transmission peers and the size of their nodes and channels, this appears to beryllium legitimate.”

At the clip of writing, the full capableness of Kraken’s alleged node alias capableness connected Lightning amounts to much than 2.8 cardinal satoshis, oregon 28 BTC, according to Amboss data.

Kraken did not instantly respond to Cointelegraph’s requests for comment.

As antecedently reported, Kraken officially announced plans to integrate the Bitcoin Lightning Network successful precocious 2020, scheduling the implementation for 2021. Some crypto observers chuckled astir exchanges similar Kraken taking agelong to integrate Lightning arsenic immoderate candidates for the United States Congress person managed to follow it before.

A campaigner for US Congress adopted Lightning earlier Binance, Coinbase, Robinhood, And Kraken.#Bitcoin pic.twitter.com/i2e5G2rTOj

— Dennis Porter (@Dennis_Porter_) November 30, 2021

Related: Bitcoin transaction fees concisely doubled yet stay exceptionally low

Released successful March 2018, the Lightning Network is simply a Bitcoin layer-two protocol designed to supply faster and cheaper BTC transactions. Bitfinex is believed to beryllium the archetypal crypto exchange successful the satellite to alteration Lightning payments by integrating the protocol successful December 2019.