• TBD, a division of Block (formerly Square) led by CEO Jack Dorsey, launched C= to improve the Bitcoin Lightning Network with added liquidity and routing services.
• C= will provide tools and services for wallet users, businesses and lightning node operators for faster and cheaper payments.
• Layer 2 services like C= collectively improving Bitcoin operations make it easier for people to adopt the ecosystem into their lives.
TBD Launches c= To Improve Bitcoin Lightning Network
TBD, a division of Block (formerly Square) led by CEO Jack Dorsey, has launched c= (pronounced c equals) to improve the Bitcoin Lightning Network through tools and services that add liquidity and routing capabilities. The aim is to further the reach of the Lightning Network by providing faster, cheaper, and more reliable peer-to-peer payments.
What Is The Lightning Network?
The Lightning Network (LN) is a layer 2 payment network built to facilitate mainstream adoption of Bitcoin BTC $22,393 Bitcoin -0.03% MARKET CAP$432.40bVOL. 24H$440.01m BTC $19.63k through faster, cheaper, and more reliable peer-to-peer payments than traditional methods allow. Since its launch in 2018, the LN’s liquidity and capacity have grown organically due to real world adoption of this system as well as additional services like c= which offer incremental upgrades on top of this existing infrastructure.
What Does c= Provide?
C= offers three main benefits: liquidity solutions for wallets users; business solutions for merchants who want to accept lightning payments; and plebnet solutions for hardened veterans looking for their next big source. In addition to these core services, c= also provides infrastructure support for lightning node operators so that they can make use of its powerful tools in order to create a better overall user experience when using bitcoin payments or related applications built on top of it.
Why Is This Important?
Layer 2 services like C= are necessary in order to drive widespread adoption of Bitcoin globally not just because they make it easier but also because they help ensure security protocols are being followed when making transactions across different networks or jurisdictions where laws may vary greatly from one another. Additionally these solutions help reduce costs associated with transaction fees while still allowing users access funds quickly when needed regardless of geographical location or time zone differences which might otherwise limit their abilities significantly if traditional methods were used instead.
Overall it’s clear that layer 2 solutions like C= are essential components in driving wider acceptance of cryptocurrency usage both within businesses themselves as well as among everyday consumers who want access fast money without having to worry about high fees or long wait times associated with other payment systems currently available today