• TBD, a Bitcoin-focused subsidiary of Jack Dorsey’s Block, has launched c= to provide infrastructure for the Lightning Network.
• This will make it easier for developers, businesses and end consumers to use the Lightning Network.
• c= will provide liquidity to enable transactions and collaborate with developers to provide more efficient routing and liquidity via APIs and services.
TBD’s New Business: c=
TBD, a Bitcoin-focused subsidiary of Jack Dorsey’s Block, has announced a new Lightning Network business called c=. The purpose of the company is to “provide infrastructure using bitcoin from Block’s treasury to make bitcoin’s Lightning Network more usable and reliable for developers, businesses (such as merchants that accept Lightning payments), and those businesses’ end consumers,” according to a press release sent to Bitcoin Magazine.
The Benefits of Using C=
The release explains that the Lightning Network is still growing, and that transactions often fail due to liquidity shortfalls. In order to address that, “c= will build infrastructure using the bitcoin it is committing to the network so that businesses and wallets can make their Lightning transactions more reliable and dependable.” “Operating a node on the Lightning Network is all about connections; c= provides node operators — whether bitcoin wallets, individuals, or other entities that want to use the Lightning Network — with valuable connections to Lightning,” describes the announcement.
Through c=’s LSP (Lightning Service Provider), any business or individual running a Lightning node can gain efficiencies and make their transactions via Lightning with minimal effort and investment without having to rely on an intermediary to custody their bitcoin.” For Lightning node operators, c= states that it will provide liquidity to enable transactions and “collaborate with developers to provide more efficient routing and liquidity to node operators via APIs and services.”
Square Renamed To Block
In 2022 when Square was renamed as Block , TBD’s lead Mike Brock explained how “TBD’s mission is to bridge the old world with new … We are building a new open-source company from ground up focused on open protocols & open standards which all participants in economy can benefit from”. After this they have explored various capacities such as decentralized identifiers (DID) , decentralized web nodes etc .Now TBD will be entering into Bitcoin’s second layer scaling protocol .
Nick Slaney ,lead at c = said “The lightning network is future of Bitcoin transaction but still its new so its hard get required liquidity in order send receive payments .We are excited use our treasury grow lightning network & our company mutually beneficial manner” .So through this article we came know about newly launch business C = by TBD subsidiary of jack Dorseys block which helps people get required liquidity for sending receiving payments easily & quickly in lightning network