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is Lightning Network coming for institutions?
The post is Lightning Network coming for institutions? appeared on BitcoinEthereumNews.com. That release yesterday on Lightning Network is a news that potentially can change the future of Bitcoin. The Bitcoin blockchain does not natively support complex smart contracts, and it has some strong limitations regarding the supported throughput (TPS). In order to evolve, Bitcoin needs to leverage layer-2 solutions, just as Ethereum is also partially doing, and Lightning Network (LN) is by far the main second layer of Bitcoin. The latest news on the Bitcoin Lightning Network Many companies are working on developments on LN, and among them is Lightspark, whose co-founder and CEO is the famous David Marcus who was responsible for leading the development and launch of Facebook’s crypto project (Libra) which was later aborted by the company. Marcus actually started his high-level career at PayPal, and then from there he moved to Facebook, even before the latter changed its name to Meta. He is passionate about Bitcoin, and when Facebook decided to abort the Libra project, mainly due to regulatory issues, he decided to dedicate himself to Bitcoin by founding Lightspark. The news is that Lightspark is working on several solutions based on Lightning Network with the aim of making it easier for institutions and ordinary people to transfer value via Bitcoin. Another co-founder of the project, Kevin Hurley, who is also the CTO, stated it. Lightspark is not only the name of the company, but also the name of their Lightning Service Provider (LSP) that offers an enterprise-level infrastructure to enable even companies to make global payments via LN. The previous Hurley also comes from Facebook’s crypto project, which was renamed Diem before it was shut down. In fact, he stated that with Lightspark they are trying to carry forward the vision they had in Diem, which is to “truly open up the financial world, transforming it…
The post is Lightning Network coming for institutions? appeared on BitcoinEthereumNews.com.
That release yesterday on Lightning Network is a news that potentially can change the future of Bitcoin. The Bitcoin blockchain does not natively support complex smart contracts, and it has some strong limitations regarding the supported throughput (TPS). In order to evolve, Bitcoin needs to leverage layer-2 solutions, just as Ethereum is also partially doing, and Lightning Network (LN) is by far the main second layer of Bitcoin. The latest news on the Bitcoin Lightning Network Many companies are working on developments on LN, and among them is Lightspark, whose co-founder and CEO is the famous David Marcus who was responsible for leading the development and launch of Facebook’s crypto project (Libra) which was later aborted by the company. Marcus actually started his high-level career at PayPal, and then from there he moved to Facebook, even before the latter changed its name to Meta. He is passionate about Bitcoin, and when Facebook decided to abort the Libra project, mainly due to regulatory issues, he decided to dedicate himself to Bitcoin by founding Lightspark. The news is that Lightspark is working on several solutions based on Lightning Network with the aim of making it easier for institutions and ordinary people to transfer value via Bitcoin. Another co-founder of the project, Kevin Hurley, who is also the CTO, stated it. Lightspark is not only the name of the company, but also the name of their Lightning Service Provider (LSP) that offers an enterprise-level infrastructure to enable even companies to make global payments via LN. The previous Hurley also comes from Facebook’s crypto project, which was renamed Diem before it was shut down. In fact, he stated that with Lightspark they are trying to carry forward the vision they had in Diem, which is to “truly open up the financial world, transforming it…
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