Some of the major features of the lightning network by Lightspark are its security and reliability. It presents itself as a secure infrastructure for enterprise-grade payments.
Bitcoin tech infrastructure company Lightspark has unveiled a lightning platform for businesses. Lightspark was created in 2022 to power payments on the lightning network and has been quiet since its introduction last year. The company was developed to “explore, build and extend the capabilities and utility of Bitcoin” and is led by ex-PayPal president and co-creator of Diem. Lightspark took to Twitter to announce the Lightning Network on the 11th of April.
“Today we’re launching the Lightspark platform. The first enterprise-grade entry points to the Lightning Network. We believe Lightning will be the winning open payment protocol on the internet.”
Lightspark added that the lightning network would be the protocol for money on the internet. The payment protocol is built on Bitcoin, which is the original and most decentralized, secure, and robust blockchain. The David Marcus-owned company referred to the new platform as an open, low-cost, interoperable payment network that works in real time. It facilitates payments like bits and bytes move on the internet.
Lightspark Unveils Bitcoin Lightning Platform for Businesses
According to Lightspark, businesses can now begin to send and receive payment with the release of the new lightning platform. The current Lightning experience slows online transactions and causes high failure rates. As a matter of fact, many are unable to complete transactions that involve large amounts. There are also technical challenges with connecting the network and executive payments. However, the Bitcoin tech infrastructure company calls on businesses to elevate their online transactions and redefine global commerce by seamlessly integrating the newly-launched platform. The Lightspark lightning platform eradicates payment complexities with its enterprise-grade infrastructure. This helps with easy connection to Lightning, low-cost and instant business transactions at scale.
Some of the major features of the lightning network by Lightspark are its security and reliability. It presents itself as a secure infrastructure for enterprise-grade payments. Also, Lightspark Predict helps payment on Lightning Network to be faster, more capital efficient, and more reliable. The network’s simplicity and intuitiveness as the “powerful dashboards make it easy to monitor and analyze our transactions in real time.”
In addition, Lightspark provided a guide for developers to navigate the lightning platform. In the note to developers, the company said:
“Lightspark is enterprise-ready. With our powerful API, you can integrate our services in a few lines of code and allow instant bitcoin transactions in your digital wallet or application on the Lightning Network.”
The provided technology also gives businesses access to “the shortest and best routes for low-cost, low-latency payments and available liquidity.”
Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience.
Apart from writing, she likes to see movies, cook, and explore restaurants in the city of Lagos, where she resides.