The future of satoshi payments – THE Lightning Network knows a steady development and steadily rising, even as cryptos experience a harsh winter. This second layer (layer 2) of the Bitcoin network allows fast transactions and above all at a lower cost. Particularly invested in this project, Jack Dorsey just launched a new company named “ C=” who wants to participate in its stability and provide liquidity to the network. Good news for all daily users of this very popular payment system in Nigeria or El Salvador, for example.
Jack Dorsey works on the development of the Lightning Network
TBD has therefore just launched a new company called “C=”. As a reminder, TBD is a subsidiary of block, which is the company headed by Jack Dorsey, the former CEO of Twitter. According to its leader, Mike BrockTBD’s mission is as follows:
“Connecting the old world to the new. To build a new open source society from the ground up that is focused on open protocols and open standards and that all participants in the economy can benefit. And all thanks to decentralized services built on the Bitcoin network. »
C=, TBD and Block all work around the same issues ofbitcoin adoption among the general public, especially in southern countries say in development. Among the different avenues of work of this set of companies, the Lightning Network (LN) occupies a very important place, since it allows to put Bitcoin in all hands, including the most modest.
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The company “ C= » will provide liquidity to layer 2 Bitcoin
But there are physical and organic obstacles that currently limit the development of the LN, and C= would like to participate in removing them. Here’s what the press has to say Nick Slaney, one of the managers of the company:
“The Lightning Network is the future of Bitcoin transactions, but it’s still new and it can be difficult to get liquidity where you need it to send and receive your payments. We are excited to use the Bitcoin that is in our treasury to grow the Lightning Network and our business in a mutually beneficial way. »
For operators of LN nodes, the C= teams indicate that they will provide liquidity to enable transactions. In addition, the company will work with developers to provide a routing and more effective liquidity node operators through APIs and services.
THE Lightning Network has already found its place in certain complicated economic environments where it is becoming a help for day-to-day transactions Population. Driving adoption in Africa, many wallets are already using it, including Cash App, launched by…Block. The circle is complete.
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