What is Lightning Network (Lightning Labs Inc.).
The Lightning Network is a multi-layered network consisting of multiple nodes,
The Lightning Network is a multi-layered network consisting of multiple nodes, which allows for the transfer of different transaction information between blockchains. Through this method, each node is able to control their own funds and the security of their assets. Bitcoin was the second currency system created using Lightning Network technology, while Ethereum is the third payment system utilizing this technology. Its characteristics include scalability, low cost, and high security, making the entire encrypted economy more transparent and reliable.
Lightning Labs Inc.
Lightning Labs Inc. is a well-known enterprise in the field of Bitcoin and cryptocurrency and is one of the early developers of Bitcoin.
According to the official blog, Lightning Labs Inc. completed a $93 million financing led by BCG in September 2019. This round of financing was a joint venture between Blockstream, a subsidiary of Blake Schwartz, and Lighting Technologies.
The company states, “By providing accessible services and technical support to users, we hope to expand our team in order to faster scale our services and further develop the Lightning Network.”
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