c= Launches Lightning Network Business to Make Bitcoin More Usable

Posted on by

• TBD, a subsidiary of Jack Dorsey’s Block, has announced c=, a Lightning Network business to provide infrastructure to make Bitcoin’s Lightning Network more reliable and dependable.
• c= will build infrastructure using the bitcoin it is committing to the network so that businesses and wallets can make their Lightning transactions more reliable and dependable.
• They will provide liquidity to enable transactions as well as collaborate with developers to provide more efficient routing and liquidity via APIs and services.

TBD Launches New Lightning Network Business

TBD, a Bitcoin-focused subsidiary of Jack Dorsey’s Block, has announced a new Lightning Network business called c=. The purpose of the company is to provide infrastructure using bitcoin from Block’s treasury in order to make Bitcoin’s Lightning Network more usable and reliable for developers, businesses (such as merchants that accept lightning payments) and those businesses’ end consumers.

Improved Reliability & Dependability

The release explains that the Lightning Network is still growing, and that transactions often fail due to liquidity shortfalls. In order to address this issue, c= will build infrastructure using the bitcoin it is committing to the network so that businesses and wallets can make their Lightning transactions more reliable and dependable.

Providing Liquidity & Efficiency

For lightning node operators, c= states that it will provide liquidity to enable transactions as well as collaborate with developers in order to provide more efficient routing and liquidity through APIs and services. This way any business or individual running a lightning node can gain efficiencies without having an intermediary custody their bitcoin.

TBD’s Mission

Mike Brock explained how “TBD’s mission is bridge the old world with the new.” Since then they have explored various capacities when it comes to decentralized web services such as decentralized identifiers (DID), decentralized web nodes etc. With this entrance into Bitcoin’s second layer scaling protocol TBD will have significant presence in its infrastructure now.

Nick Slaney On The Launch

Nick Slaney lead of c= shared “The Lighting network is future of bitcoin transaction but its still new and its hard get liquidity where you need it send or receive your payment . We are excited use our treasury grow lighting network our company mutually beneficial way”.