The lightning network is still under development but that hasn’t stopped the Bitfury Group from launching a new product suite designed to make the system easier for merchants and consumers to use.
Wallets, eCommerce Software, Terminals and Nodes
Lightning network has been hailed as the savior of Bitcoin, bringing its transaction speeds to equal or exceed some of the alternative cryptocurrencies that have emerged over the past couple of years. Rapid and low cost transactions would no doubt to wonders for Bitcoin adoption in everyday life but so far progress has been slow.
Blockchain technology provider Bitfury, founded in 2011, aims to change that with its new LN based products which include an open source LN Bitcoin wallet, a hardware terminal and e-commerce software for vendors, payment processors, and a suite of developer tools. A public Lightning Network node has also been created to help users open payment channels.
According to the announcement the products, which are supported by Bitfury’s Lightning Network engineering and research team, Lightning Peach, have been designed to bring all steps of the business cycle onto the network. Ease of onboarding is key to overall adoption and Bitfury have acknowledged this with the new suite for both merchants and consumers. Bitfury CEO, Valery Vavilov, added;
“The Lightning Network will enable people to use bitcoin in their everyday lives. By providing these products to the market, Bitfury is encouraging worldwide adoption
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