The blockchain technology firm Bitfury is in the latest cryptocurrency news for releasing an entire suite of tools that are aimed to drive adoption of Bitcoin’s Lighting Network (LN). Even though the network is still being developed, Bitfury announced a comprehensive product list that will support the tech on Wednesday, including an open-source lighting wallet as well as hardware and software tools for merchants and payment processors to accept payments.
Bitfury also released the developer tools and a public lighting network node called “The Peach” to let Bitcoin users open or create payment channels. The product bundle is designed to make using the lighting network “easier for vendors and consumers to use” according to Bitfury.
A new layer-2 payments technology that made its debut last year enabled transactions with near-instantaneous confirmation speeds without having to store information directly on the blockchain.
The new tools were built by Bitfury’s Lighting Peach team which is the internal group focused on lighting development. As the CEO of Bitfury Valery Vavilov said:
“By providing these products to the market, Bitfury is encouraging worldwide adoption of this technology and providing unparalleled support to consumers and merchants,”
The company also announced that it had integrated the lighting technology for use on cryptocurrency exchange BTCBIT, saying that the users of the exchange could now “benefit from faster and lower-cost payments” according to a Medium article.
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