rtmark
LearnBonds.com

Square Crypto Developing Bitcoin Lightning Network Development Kit

Bitcoin

Bitcoin is the number one cryptocurrency in the world. To anyone paying attention to the space, this should come as no surprise. However, it’s worth noting that despite this number one spot, there are still a few accessibility and scalability issues that the network is suffering from.

One solution, proposed a while back, is the Lightning Network, which manages transactions a little differently ensuring that more can go through at any time. However, there are still developments to be had if enthusiasts want Bitcoin to be used by the mainstream market. Jack Dorsey, the CEO of Twitter and Square Crypto, knows this and has been working to implement fixes to Bitcoin and the Lightning Network for some time. Now, the company is pushing out what could be one of Bitcoin’s greatest boons yet: a Lightning Network development kit.

According to a blog post from the company, this development kit will help ensure developers have “flexibility” when building apps on the Lightning Network. The post explains a little more:

“Rather than create a standalone Lightning node, we’re building a Lightning Development Kit (LDK) that gives wallet and application developers a convenient way to create custom experiences. LDK will include an API, language bindings, demo apps, and anything else that makes integrating Lightning easy, safe, and configurable. The API is based on the Rust-Lightning project, which offers clean interfaces and minimal system dependencies. Rust is also among the safest systems languages, one that will attract developers who can sustain LDK independently of us.”

Of course, the Bitcoin network is open-source, as are all blockchain networks. So, this development kit should help assist with integrating Lightning network capabilities into traditional Bitcoin wallets, supports multi-app access to said wallets, and ensuring that privacy and user experience design choices are much easier to implement. We’ll have to see how this plays out as we head into the new year.

Explore Our Investment & Finance Resources A-Z
ABCDEFGHIJKLMNOPQRSTUVWXYZ#

Trusted & Regulated Stock & CFD Brokers

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Max Moeller

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend. LinkedIn: https://www.linkedin.com/in/maxwell-moeller-912044b4/