• Lightspark, a crypto infrastructure firm, has launched a Bitcoin Lightning Network implementation designed for enterprise-grade use cases.
• It provides businesses with an easier way to plug in and automate crucial tasks for LN integration.
• The Lightning Network has the potential to become the Internet’s payment protocol, allowing value to move as fluidly as data on the Internet.
Lightspark Launches 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. 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.
Software Development Kits
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.
Lightning Network Benefits
The Lightning Network, which accelerates Bitcoin transactions, has often been hailed as the „missing component“ required for mainstream adoption of the digital currency. Current payment systems lag behind the rapid progress of the Internet, burdening businesses and consumers with hidden fees and sluggish transactions . Cross-border payments , in particular , suffer from these outdated systems . Built on Bitcoin , the Lightning Network has the potential to become the Internet’s payment protocol . Such an open , low – cost , interoperable payment network settles transactions in real – time , allowing value to move as fluidly as data on the Internet.
Simplifying Enterprise Adoption
However , existing Lightning products have proven difficult for individuals outside of the Bitcoin ecosystemto comprehend . Lightspark claims that it will help hasten and simplify enterprise adoption oftheLightningNetwork.“Today ,thecomplexityandsteeplearningcurveofotherLightningproductsareholdingbackmainstreamadoption,“saidLightsparkCEODavidMarcus.“OurgoalistomakeitaseasyaspossibleforbusinessestousetheLightningNetworksoeveryonecanbenefitfromitsrevolutionaryadvantages.“