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Chainalysis Blockchain Data Platform to Integrate Lightning Network

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Chainalysis blockchain knowledge monitoring platform is launching assist for the Lightning Network, in accordance to a press launch shared with CoinDesk on Dec. 10.

  • Users of Chainalysis’ Know Your Transaction platform (KYT) might be ready to prescreen for Lightning withdrawals and behavioral alerts, in order that they’ll compliantly enable BTC deposits and withdrawals from Lighting nodes, the assertion mentioned.
  • The Lightning Network is a Layer 2 blockchain that permits quicker bitcoin transactions, so that individuals can use the world’s largest cryptocurrency by market capitalization for small funds like suggestions and remittances.

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

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