• Block’s TBD, the blockchain development division for the financial technology firm founded by ex-Twitter CEO Jack Dorsey, has disclosed details of its focus on infrastructural scaling solutions for the Bitcoin blockchain through the Lightning Network.
• The Lightning Network was designed to handle Bitcoin transactions without burdening users with transaction fees and settlement time.
• Block’s new business entity, C= (pronounced as c equals), is focused on improving liquidity and routing from within the Lightning Network.
Block’s Focus on Infrastructural Scaling Solutions
Block’s TBD, the blockchain development division for the financial technology firm founded by ex-Twitter CEO Jack Dorsey, has disclosed details into how it is delving into infrastructural scaling solutions for the Bitcoin blockchain through the Lightning Network. The scalability and security of Bitcoin transactions has often been overlooked in terms of potential, and Bitcoin’s Lightning Network Layer 2 scaling system is looking to turn this around, alongside improvements to the protocol’s ability to scale transactions and handle liquidity.
Background of The Lightning Network
The Lightning Network was designed as an off-chain solution developed to handle Bitcoin transactions without burdening users with the often complicated aspects of transaction fees and settlement time. Dorsey has been very vocal on his support for Bitcoin as a tool of financial liberation and financial inclusion, especially in developing countries where access to traditional banking solutions are either severely limited or walled in by a set of restrictions imposed by central banks. Barriers to entry and participation in an open, decentralized market still proliferate, and a largely negative perception of Bitcoin and crypto in general is still disseminated across mainstream media.
C= Business Entity
Block’s new business entity is dubbed „C=“ (pronounced as c equals), a reference and perhaps also a homage to the famous equation by Albert Einstein which grounded the theory of relativity between mass and energy. One could think of the reference as also a kind of metaphor for how crypto is evolving into a full-fledged technology and ecosystem: it has the potential to expand exponentially but has a limited curve that can be optimized and utilized only if the rest mass, that is to say the untapped population of crypto users, could be gathered together to move it forward through innovation.
Improving Liquidity & Routing From Within LN
As such, C= is focused on the goal of improving liquidity and routing from within Lighting Networks‘ infrastructure. While Lighting Networks‘ transaction volume have reached its all-time peaks recently ,the general reliability finality execution have degraded overtime due low instances liquidity across network .Current capacity Lighting Networks(LN) rated 5424 42 BTC based aggregation decentralized nodes running LN .According firm ,C= seeks address these issues engineering usability performance infrastructures facilitate payments lightning fast speeds low costs .
In conclusion ,The goal behind C=’s initiative improve overall user experience regarding cryptocurrency payment networks .It looks create efficient platform which allows individuals transact cryptocurrencies lightning fast speeds low costs while still maintaining level security protection needed ensure safe secure environment people digital assets .