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Square Crypto Is Creating a 'Lightning Development Kit' for Bitcoin Wallets
Square Crypto is hoping to galvanize Lightning development with a new tool kit, currently under construction.
By Nikhilesh De
Updated Sep 13, 2021, 12:10 p.m. Published Jan 21, 2020, 5:50 p.m.
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Square Crypto, the payment company's bitcoin-focused wing, is building a "Lightning Development Kit" for wallet and app developers to more easily build on the layer-2 solution.
Announced Tuesday, the new kit includes an API, language tools, demo apps and other features to help developers integrate support for Lightning payments into their own wallets. Existing bitcoin wallets will also be able to support Lightning through the new kit, rather than requiring companies to build a separate wallet.
The tools will help developers create better user experiences, a Medium post explained.
"For bitcoin to become a widely used global currency – one that can’t be stopped, tampered with or rigged in anyone’s favor – improvements to bitcoin’s UX, security, privacy, and scaling are required," the group said.
The post indicated the kit is still being built out and did not provide a timeline for release, but said "today's Lightning infrastructure is incomplete without features like these."
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Bitcoin holds $69,000 as gold tumbles and oil spikes, but one analyst says stay on sidelines
While bitcoin has shown relative strength against gold since the war in Iran broke out, investors are better off holding off "dry powder" while prices swing wildly on headlines, said Wintermute's Bryan Tan.
Ano ang dapat malaman:
- Bitcoin slipped to $69,000 but held up better than many traditional assets as Middle East tensions and attacks on energy infrastructure rattled global markets.
- Oil prices swung back toward $100 a barrel, stoking renewed inflation fears and expectations that central banks may keep interest rates higher for longer. Meanwhile, gold and silver tumbled to their weakest levels since early February.
- Bitcoin has outperformed gold since the Iran war, but the lack of follow-through above $75,000 suggests investors should remain cautious with dip buying, Wintermute trader Bryan Tan said.
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