- The Bitcoin Lighting Network, for efficient bitcoin transactions, is seeing more players who are interested in providing an offering that is low fee and instantaneous
- It is estimated that 700 million users will be utilizing the Lightning Network by 2030
- LQwD’s proprietary platform-as-a-service offering is designed to simplify users’ access to the Lightning Network and make it far easier to complete faster, more affordable transactions
- While LQwD remains the only public company focused on Bitcoin Lightning Network, a growing number of companies and entities are becoming interested in leveraging the network’s opportunities
The Lightning Network is becoming a popular way for companies to incorporate Bitcoin into their payment infrastructure. The Lightning Network, as a concept, was first proposed to the public by Joseph Poon and Thaddeus Dryja in 2015 – but has been under development since that time. The Lightning Network is a second-layer technology applied to bitcoin using micropayment channels to essentially scale the blockchain’s capability and conduct transactions quickly and efficiently.
With the Lightning Network, users of Bitcoin can say goodbye to the frustrating “mainchain” experience they often deal with when trying to send, receive, or purchase using bitcoin as a payment method. Taking the…
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