- Oct 25, 2021
- Reaction score
Compliant Lightning Transactions
The blockchain surveillance and intelligence company,
Essentially, the LN is an offchain routed “layer 2” (L2) payment channel network that helps facilitate bitcoin (
As of December 1, 2021, Chainalysis estimates there is “just under 3,600
“Chainalysis exists to build trust in cryptocurrency in order to promote more financial freedom with less risk,” Arora said in a statement. “The Lightning Network solves many of the challenges that prevent the Bitcoin protocol from being used for micropayments and other transaction types that bolster financial inclusion. By enabling our customers to compliantly support Lightning transactions, we hope to grow the network’s popularity and help it scale.”
Lightning Network Support for Chainalysis KYT Customers to Launch in February
Chainalysis has expanded its resources a great deal and faces dozens of blockchain intelligence and monitoring competitors. The company
Speaking about the LN support, Chainalysis claims that for the first time, “VASPs can now offer support for Lightning transactions aligned with global regulatory best practices.” The product Chainalysis offers called Chainalysis KYT supports “pre-screening for Lightning withdrawals and behavioral alerts.” The blockchain surveillance and intelligence company further says that the LN support will be available for Chainalysis KYT customers in February.
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