NetworkNewsBreaks – LQwD Fintech Corp. (TSX.V: L
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Posted On: 10/18/2021 3:52:00 PM
NetworkNewsBreaks – LQwD Fintech Corp. (TSX.V: LQWD) (OTC: LQWDF) Completes Key Milestone on Path to Operational Launch of Lightning Network Platform
LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive Bitcoin adoption, recently established network computers (routing nodes) to deploy Bitcoin into payment channels on the company’s Lightning Network platform. “This milestone was the first stage of the Lightning Network platform becoming fully operational, as it provided infrastructure, solutions and liquidity to support the network’s development and fee earning potential,” reads a recent article discussing the strategic move. “LQwD’s Lightning Network is a layer-2 payment protocol built on top of the Bitcoin blockchain. It is composed of nodes running the proprietary software. These are then connected to other nodes through payment channels that allow the payment to find the recipient. For payments to go through, enough Bitcoin must exist in the payment channel. As a Lightning Network Services Provider (‘LSP’), LQwD stakes Bitcoin on routing nodes to ensure the functionality of the network where fees can be earned for forwarding the payments.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive Bitcoin adoption, recently established network computers (routing nodes) to deploy Bitcoin into payment channels on the company’s Lightning Network platform. “This milestone was the first stage of the Lightning Network platform becoming fully operational, as it provided infrastructure, solutions and liquidity to support the network’s development and fee earning potential,” reads a recent article discussing the strategic move. “LQwD’s Lightning Network is a layer-2 payment protocol built on top of the Bitcoin blockchain. It is composed of nodes running the proprietary software. These are then connected to other nodes through payment channels that allow the payment to find the recipient. For payments to go through, enough Bitcoin must exist in the payment channel. As a Lightning Network Services Provider (‘LSP’), LQwD stakes Bitcoin on routing nodes to ensure the functionality of the network where fees can be earned for forwarding the payments.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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