Square Crypto has announced its first product. The digital currency division of the Jack Dorsey founded payments company will work on a Lightning Development Kit to help Bitcoin wallet developers integrate the micropayments network with their existing products.
Announced via a blog post earlier Tuesday, Lightning Development Kit will provide developers with an API, language bindings, demo applications, and other features aimed at making Lightning Network integration easier and safer.
In the post, Square Crypto states that its team of developers puts it in an excellent position to tackle often overlooked and underfunded projects in the industry. For its first project, the company claims it wanted to work on something that would have a significant impact on non-custodial Bitcoin use, lacked a clear business model, and would attract the attention of open-source developers that will ensure it is a self-sustaining project.
The Lightning Development kit will make it easier for developers to make their own wallets Lightning ready without the need to create a new piece of software. Square Crypto notes that consultations with wallet developers highlighted the need for more developer tools to smooth integration with the Bitcoin micropayments network to the company. After acknowledging the scale of the project, Square Crypto added:We’ve got the team. We’ve got the mission. We’ve got hit or miss tweets. And now it’s time to talk about what we’re building: Introducing the Lightning Development Kit, or LDK. ⚡️ https://t.co/o73cJy7Cur
— Square Crypto (@sqcrypto) January 21, 2020
“… with the support of developers like Acinq, Blockstream, Lightning Labs, and open-source developers everywhere, it’s only a matter of time until instant, low-fee bitcoin payments are as common as cash used to be.”

I hooked this up and already got tipped some satoshis https://t.co/zvwdkZTN1Q
— jack (@jack) February 20, 2019
Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Rick D.
A former professional gambler, Rick first found Bitcoin in 2013 whilst researching alternative payment methods to use at online casinos. After transitioning to writing full-time...
A former professional gambler, Rick first found Bitcoin in 2013 whilst researching alternative payment methods to use at online casinos. After transitioning to writing full-time...
READ FULL BIO
Sponsored
Sponsored