Join Our Mailing List
Sunday December 03, 2023
Bitcoin (BTC) $39,378.55   Ethereum (ETH) $2,160.60
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Vendor Technology

Node infrastructure provider BlockSpaces adds Lightning Network support for bitcoin

The Lightning Connect waitlist is now open with the solution to be available sometime in Summer 2022 on the BlockSpaces platform...

Published by CryptoNinjas.net
04/07/2022
Node infrastructure provider BlockSpaces adds Lightning Network support for bitcoin

BlockSpaces, a blockchain node infrastructure provider, has announced that it will soon launch its Lightning Connect; a simplified, non-custodial Lightning Network node management solution designed to enable fast, low-fee bitcoin (BTC)-based payment processing.

The Lightning Network is a layer two protocol that locks transactions in off-chain smart contracts via a mechanism called “channels” which are tied to on-chain bitcoin transactions.

As such, the protocol upholds the security of Bitcoin while enabling faster transactions.

With this addition, BlockSpaces continues to expand its infrastructure which currently supports over 10,000 blockchain nodes across the world.

Management with the BlockSpaces Platform

Lightning Connect will add auto-provisioning and management of Lightning nodes for businesses to simplify using the network while retaining full ownership and control of their funds.

Users can manage their node via the BlockSpaces interface where balances of bitcoin, recent invoices (through the integration of a BTCPay app), and an overview of channels and liquidity will be displayed.

A wide variety of apps are available through the Lightning Connect app directory

“We’re very excited to announce our enterprise-grade Lightning nodes. This has been a long time coming, as I have been interested in and watching the development of the Lightning Network progress for years.”
– Gabe Higgins, Co-Founder & Chief Blockchain Officer of BlockSpaces

BlockSpaces will be a premier Lightning Service Provider (LSP), offering “Super Channels.”

Those looking to use Lightning no longer have to manually manage nodes or channels and can now take advantage of auto-balance, receive, and send specified amounts that scale with channel activity.

Lightning Connect brings users fully managed infrastructure and operations to manage liquidity while reducing capital and resource requirements to run Lightning nodes.

Lightning Connect is an onramp to the Lightning Network

The Lightning Network improves Bitcoin’s scalability in key areas:

  • Fast transactions – Transactions can be settled instantaneously. Speeds native to the internet.
  • Low transaction fees – Fees are minuscule over Lightning. Less than a penny.
  • High throughput – Lightning can handle tens of millions of transactions per second.
  • Security & Privacy – Since transactions are off-chain, it is hard to trace payments over the network.

Recently, BlockSpaces closed a $6M funding round to ramp up development and accelerate growth.

83
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin
Source: lightning.blockspaces.com

Related News

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

11/20/2023
Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

It is no longer unusual to hear that a bank accepts savings in Bitcoin, Ethereum, and the like. Or that a loan company helps businesses with crypto. After all, the traditional financial and insurance industries...

Read more

4 Things We’ve Learned About Owning Bitcoin in 2023

11/13/2023
4 Things We’ve Learned About Owning Bitcoin in 2023

For some people, the word bitcoin still triggers an eye-roll, but by now, most of us know that cryptocurrency is here to stay. With that in mind, it’s a good idea to make sure...

Read more

Fuse Network welcomes Liquify as new blockchain infrastructure partner

10/02/2023
Fuse Network welcomes Liquify as new blockchain infrastructure partner

Today, Fuse Network, an enterprise-grade, use-case agnostic, decentralized EVM-compatible public blockchain, announced Liquify as its newest remote procedure call (RPC) provider and ecosystem partner. Liquify will provide public RPC services – both free and...

Read more

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

Welcome to the world of BITmarkets - a leading cryptocurrency exchange offering a wide range of trading options for both retail traders and corporate clients. In this comprehensive review, we will explore the various...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Yubo Ruan: Revolutionizing Web3 With A Web3 Super App

Yubo Ruan: Revolutionizing Web3 With A Web3 Super App

11/28/2023
Top 5 Sauciest Non-Fiction Books on Crypto & Blockchain

Top 5 Sauciest Non-Fiction Books on Crypto & Blockchain

11/29/2023
4 Things We’ve Learned About Owning Bitcoin in 2023

4 Things We’ve Learned About Owning Bitcoin in 2023

11/13/2023
Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

10/22/2018
Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

11/20/2023
4 Things We’ve Learned About Owning Bitcoin in 2023

4 Things We’ve Learned About Owning Bitcoin in 2023

11/13/2023
Fuse Network welcomes Liquify as new blockchain infrastructure partner

Fuse Network welcomes Liquify as new blockchain infrastructure partner

10/02/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy