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Block Unveils Plans to Build Bitcoin’s Lightning Network Infrastructure

By WebsCryptoJune 15, 20221 Min Read
Block Unveils Plans to Build Bitcoin’s Lightning Network Infrastructure
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Former Twitter CEO Jack Dorsey’s Block team announced that the company’s TBD business unit is planning to build a BTC 0.31%-news/">Bitcoin Lightning infrastructure.

Block product designer Nick Slaney said he will be leaving the wallet team to join a dedicated team focused on building the Lightning Network infrastructure.

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Our goal is not only to build the required tools and infrastructure for our product, but also to be a complement to the entire Lightning Network ecosystem. It’s important to build the infrastructure and tools to get the world into the Lightning Network (especially non-custodial).

This is an investment in the future of world payments. The team announced that, like Block’s other Bitcoin-focused products, plans to develop the Lightning Network infrastructure will incorporate plans and input from the community, as well as ideas from different bright minds in the crypto space.

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DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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