
Today, Chainalysis announced product support for the Lightning Network, a layer 2 protocol built on the Bitcoin blockchain that allows faster, cheaper transactions. With Lightning, small, recurring transactions that wouldn’t be economical to carry out on the blockchain due to transaction fees become feasible, enabling new commercial use cases for Bitcoin.
https://blog.chainalysis.com/reports/lightning-network-support/
Soon, Chainalysis will support Lightning Network transaction monitoring in KYT! Staying compliant with regulations will be vital as the second layer protocol is adopted and we’re excited to be the first in the industry to offer this support.
https://twitter.com/chainalysis/status/1469317238893289475It’s not “support” for the Lightning Network. It’s actually surveillance, pretending to help Lightning “stay compliant with regulations”. Although, Lightning users can thank Chainalysis for the liquidity.
