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Binance Launches Bitcoin Transaction Accelerator and Teases Layer-2 Solution

Binance is also preparing a BNB Chain layer-2 scaling solution to improve network transaction speeds and costs. Separately, the firm announced on June 15 that Binance Pool has launched a “Bitcoin Transaction Accelerator.” The new solution will allow users to confirm their transactions on the Bitcoin network quicker regardless of any potential network congestion issues, it noted. Binance Pool is the exchange’s service platform dedicated to improving the income of BTC miners. The Bitcoin network has struggled under demand for block space recently amid the BRC-20 memecoin minting and ordinal inscriptions craze.

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