Bitcoin-focused project Spiral (formerly Square Crypto) presented a set of tools for developing cryptocurrency wallets and other technical solutions based on the Bitcoin Lightning Network (LN).
Conor Okus, CEO of Spiral explained in the video (watch the video below):
“The Lightning Development Kit (LDK) is a way to easily integrate instant bitcoin payments into any application.”
We made a very short documentary about the Lightning Development Kit, our big project these last couple of years. We wanted a puppet to perform @jack’s parts but settled for actual @jack: https://t.co/q6eW4PDuNW
— Spiral (@spiralbtc) December 6, 2021
According to the project team, work in LDK has been going on for the last two years. The project is a flexible Lightning implementation geared towards developers who want to integrate Bitcoin’s Lightning Network into their applications frictionlessly.
In the beginning, many difficulties were faced by the developers in their attempts to add LN. Steve Lee, lead at Spiral, said in the video:
“When our team formed, we went out and interviewed dozens of wallet projects and developers, What we learned is that they were having a lot of problems adding Lightning Network capabilities.”
LDK has been designed to allow developers to seamlessly plug their applications into the network on mobile devices and Point of Sale terminals. LDK supports native APIs using Rust, C, Swift, Java, and Kotlin coding languages. This lets developers customize their wallet app for their users in the language of their choice while also removing the necessity for separate Bitcoin and LN wallets.
In July, the BlueWallet creators introduced a mobile version based on the LDK.
WIP ?
Let us introduce our new Lightning implementation.
Powered by Lightning Dev Kit (LDK), a flexible Lightning implementation written in Rust.
In this demo we gonna look in to opening a channel from an offline and airgapped device with PSBT (singlesig/multisig).
? 1/5 pic.twitter.com/t1jFWJvjGo
— BlueWallet (@bluewalletio) July 13, 2021
Recall that in October, Voltage startup launched a beta version of the Flow service, It facilitates the process of creating Lightning Network channels. Earlier, Arcane Research analysts predicted that the number of Lightning Network users will exceed 700 million by 2030. Prior to that, the director of Blockstream, Samson Moe, said that the theoretical throughput of the LN network is 40 million transactions per second.
On December 2, ex Twitter CEO Jack Dorsey changed his payment firm ‘Square’ name to “Block” and ‘Square Crypto’ became ‘Spiral’.
Square Crypto is now Spiral. Since our formation, the spiral emoji has been a part of our brand lore, and given the opportunity to rebrand to CoinSomething or BitWhatever, we went a different way. Spiral looks and sounds cool. What other reason do we need? https://t.co/ziuAZB9HvF https://t.co/2J1eLEMlCN
— Spiral (@spiralbtc) December 1, 2021
Watch Video (Spiral Presents The Lightning Development Kit):
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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