• Lightspark, a crypto infrastructure firm, has launched its Bitcoin Lightning Network implementation designed for enterprise-grade use cases.
• The Lightspark Platform is the first „enterprise-grade entry point to the Lightning Network,“ providing API integrations for businesses looking to create payment channels.
• Built on Bitcoin, the Lightning Network has the potential to become an open, low-cost and interoperable payment network.
Lightspark Launches Enterprise-Grade Bitcoin Lightning Network
Lightspark, a newly-founded crypto infrastructure firm, has officially launched its Bitcoin Lightning Network implementation designed for enterprise-grade use cases. Established in 2022, Lightspark was founded by former PayPal president and Diem co-creator David Marcus.
The Lightspark Platform
According to a Twitter announcement from the firm, it is the first „enterprise-grade entry point to the Lightning Network“ forming and opening API integrations for businesses looking to create seamless payment channels through the Bitcoin Lightning Network. As an open payment protocol initiative, Lightspark software development kits (SDKs) offer businesses an easier way to plug in and automate crucial tasks for LN (Lightning Network) integration. This then provides efficient routing at lowered costs, as well as providing a low-latency payments and liquidity engine for prospective clients.
The Promise of The Lightning Network
„We believe the Internet badly needs an open payment protocol—one that works 24/7, settles in near real-time, is dirt cheap, interoperable, and open to all to build on. Money should move online like emails or text messages,“ said Lightspark CEO and co-founder David Marcus.“The Lightning Network has the best chance of becoming the standard protocol that enables that and much more for everyone around the world.“ The Lighting Network accelerates Bitcoin transactions which is often hailed as the „missing component“ required for mainstream adoption of cryptocurrency. Current payment systems lag behind Internet progress causing issues with slow transactions and hidden fees. Cross border payments suffer especially due to these outdated systems. With its low cost settlements in near real time allowing value transfer as fluidly as data on internet this could be solved with lightning network becoming an internet’s paymnent protocol.
Difficulties With Existing Products
Existing lightning products however have proven difficult for non bitcoin ecosystem people outside of this sector making comprehension difficult leading lights park claiming they will help simplify enterprise adoption of lightning network making it easier than ever before .
Conclusion
The launch of Lightspark’s enterprise grade bitcoin lightning network with its SDKs offering businesses a simpler way t oplug in their systems creating seamless payments channels with lowered costs offering real time payments across borders making it easier than ever beforeto adopt blockchain technology into business models globally .