- These steps mark the first stage of LQwD’s Lightning Network platform becoming fully operational, furthering their goal of allowing users to make instant, secure, and inexpensive payments anywhere in the world using Bitcoin
- LQwD stakes Bitcoin on routing nodes to ensure network functionality where fees can be earned for forwarding transactions
- Since January 1, 2021, the Lightning Network has seen a 77% increase in nodes, 103.8% increase in channels, and 182.4% increase in capacity
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, recently announced that it established routing nodes (networked computers) and deployed Bitcoin into payment channels on the company’s Lightning Network platform. This milestone was the first stage of the Lightning Network platform becoming fully operational, as it provided infrastructure, solutions, and liquidity to support the network’s development and fee earning potential (https://ccw.fm/zZjwB).
LQwD’s Lightning Network is a layer-2 payment protocol built on top of the Bitcoin blockchain. It is composed of nodes running the proprietary software. These are then connected to other nodes through payment channels that allow the payment to find the recipient. For payments to go through…
NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF
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