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Home Crypto News Market Jack Dorsey's Spiral (Formerly Square Crypto) Unveils Bitcoin Lightning Development Kit

Jack Dorsey’s Spiral (Formerly Square Crypto) Unveils Bitcoin Lightning Development Kit

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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.” 

 

 

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.

 

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’.

 

Watch Video (Spiral Presents The Lightning Development Kit):

 

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Jakkkhttps://thecryptobasic.com/
Owner of TheCryptoBasic. Involved in cryptocurrencies for more than five years, Love to trade and write on cryptocurrencies. My primary aim is to provide genuine information to cryptocurrency readers because crypto is filled with frauds and scams. Accurate information is scarce to get. So We at TheCryptoBasic will be providing accurate information about cryptocurrencies topics that users can trust.

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