Kraken is excited to announce new investments and upcoming features that are designed to bring the benefits of the Bitcoin Lightning Network to our global exchange.
Building on Bitcoin’s blockchain technology, the Lightning Network will help the world’s largest cryptocurrency scale process millions of transactions per second, a leap forward enabling trades to be completed at a lower cost and with higher speed.
In 2021, we are committed to hiring a team to focus exclusively on the Lightning Network, as part of our ongoing effort to provide the best possible experience for traders and investors.
We expect to allow clients to withdraw and deposit Bitcoin on Lightning in the first half of 2021, which will allow clients to move their Bitcoin immediately and with the lowest fees.
But easier deposits and withdrawals are just the beginning of the extra features we’re trying to provide. By joining the Kraken Lightning Network team, you can shape the future of programmable payments with digital currencies.
If you have an eye for front end design or UX or have experience with developing an open source Lightning protocol, we are interested in your application.
About the Lightning Network
An innovation in progress, the Lightning Network will enable Bitcoin to be moved to new types of channels protected by the Bitcoin blockchain.
The Lightning Network is evolving rapidly and there are a number of free open source and wallet solutions that are already supporting this new bitcoin payment platform. For traders, BTCPay Server offers Lightning Network integration, enabling e-commerce stores to receive fast and cheap Bitcoin payments.
Note: Lightning Network wallets are connected to the internet, and are not advised for long-term security protection. Carefully review the documentation of your Lightning wallet to ensure you are using it correctly.