The Bitcoin Lightning Network is a layer 2 solution that provides scalability to the Bitcoin network itself. It provides faster and cheaper transactions by giving users the ability to purchase simple products and services like coffee with their digital assets.
The Lightning Network is growing rapidly, and one group driving the expansion of the Lightning Bitcoin Network is LQwD FinTech Corp (TSXV: LQWD, OTC: LQWDF).
Create a Lightning Network
LQwD FinTech Corp. launched. , a technology company focused on the Lightning Network, recently launched its Lightning Network platform after revealing its plans to offer an enterprise-grade infrastructure and a Lightning Network development kit. The platform provides easy access to Lightning, and ensures that investors and other stakeholders can learn about the future of Bitcoin (BTC).
This launch represents one of the first scalable Lightning platforms in the ecosystem capable of handling transaction volumes at the Visa level. With it, users can easily operate and manage Lightning Network nodes, create efficient Lightning Network channels, trade securely and manage liquidity in a more structured way.
LQwD’s presence on the Lightning Network is growing rapidly, and with plans to open more nodes, this rapid pace should continue.
LQwD hopes its platform will accelerate mainstream adoption of the Lightning Network and Bitcoin in general. Besides launching the LQwD platform, there are two partnerships with Breez and Netcoins.ca.
More information about LQWD here
Breez is a leading Lightning Network service provider that will add LQwD as a liquidity partner as part of its services. At the same time, LQwD will provide liquidity services to Breez clients and operate at least one of its routing nodes.
Netcoins.ca is Canada’s leading cryptocurrency exchange, and is a subsidiary of BIGG Digital Assets. As part of this agreement, Netcoins will create and operate a node on the LQwD Lighting platform and act as a liquidity provider for Coincurve.com, a digital asset platform operated by LQwD. Finally, BIGG will offer a top-tier government approved compliance program for LQwD and its digital asset platform.
At launch, LQwD is the only public Lightning Network company on the market. This development comes at a time when the Lightning Network is experiencing significant growth and the team holds 150 bitcoins in the vault to help power channels and nodes on the Lightning Network.
LQwD’s future plans include securing additional market share and acquiring more Bitcoin for platform and storage purposes. It also plans to expand its operations in the Lightning Network ecosystem and decentralized finance (DeFi) in general to increase market share.