Ethereum News

Chainalysis Blockchain Data Platform to Integrate Lightning Network

Crypto tracking and compliance firm Chainalysis is adding support for Bitcoin’s Lightning Network, according to a press release shared with CoinDesk.

Users of Chainalysis’ “Know Your Transaction” platform will be able to prescreen for Lightning withdrawals and behavioral alerts, so that they can compliantly allow BTC deposits and withdrawals from Lightning nodes, the statement said.The Lightning Network is a layer 2 blockchain that enables faster bitcoin transactions so that people can use the world’s largest cryptocurrency by market capitalization for small payments like tips and remittances.

Read more: An In-Depth Look Into the Lightning Network as a Bitcoin Scaling Solution

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