Spiral (Jack Dorsey) releases Lightning Network Developer Kit demo

Jack Dorsey unveils plan to decentralize BTC mining

Jack Dorsey, known for his love of Bitcoin, is launching a developer kit for developers. It is intended to make a huge impact on the global adoption of the oldest of cryptocurrencies.

Abandoning Twitter for Bitcoin and the immediate aftermath

This past week, Jack Dorsey announced that he was stepping down from his position as CEO of Twitter to focus on his planned ventures within Bitcoin. He already declared on multiple occasions a potential path of this kind. It is also worth mentioning that his tenure in the leading position of the popular social media influenced the adoption of Bitcoin as a form of financing content creators, who can be tipped via BTC. Dorsey’s resignation coincided with the company’s rebranding. It changed its name from Square to Block. Spiral – the cryptographic arm, which he currently headed, began working on the development of the Bitcoin network. The results didn’t have to wait long.

Lightning Development Kit (LDK)

Lightning Development Kit (LDK) is a tool that allows developers to connect devices to the network and payment terminals. LDK supports API coding, using Rust, C, Swift, Java and Kotlin languages. The solutions used allow the most convenient way for developers to create bridges to the Bitcoin network, without having separate wallets for Bitcoin and Lightning Network. With this solution, essentially any developer should be able to create a new wallet.

What implications does this have for BTC itself?

It turns out that the new toolkit for the global adoption of Bitcoin, is almost essential. It is designed to expand Bitcoin’s functionality from the medium of value it has become these days, to a payment method. While these capabilities have long been in place via Lightning Network, they have not been fully utilized. This is a nod to and development of Satoshi Nakamoto’s original intentions. With LDK, it will be possible to simply adopt Bitcoin for any type of business, as well as develop the mobile wallet sector so that anyone who wants can pay for services and products with Bitcoin.

Lightning Network gains strength

The appearance of a new product, the Lightning Development Kit, coincides with the publication of data on the growth of the Lightning Network. As Bitcoin Visuals reports, there are now 18,905 nodes active. This is an increase of 23% in just 3 months.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

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