Although the Bitcoin exchange industry has improved its ability to deal with crypto asset security over the years, the threat of another large hack is always looming over the ecosystem. In the past, exchange customers have always deposited their coins onto trading platforms with the exchange taking custody of the funds. With platforms like Nash, users do not need to hand over custody of their crypto assets to a third party before they trade. Many Bitcoin enthusiasts are excited about the Lightning Network’s potential to cut transaction costs, speed up transactions, and potentially improve user privacy. According to Nash co-founder and Lead Developer Fabio Canesin, Bitcoin support is expected to be added to their platform soon.

Source: Forbes October 15, 2019 02:03 UTC