Jack Dorsey’s TBD Releases’ C=’ To Enhance The BTC Lightning Network
TBD, a subdivision of Block (previously called Square) headed by Jack Dorsey as CEO, has introduced a new project called C= aimed at enhancing the Bitcoin Lightning Network by providing tools and services.
Meanwhile, the Lightning Network (LN) was developed as a layer-2 payment system to facilitate the widespread use of Bitcoin by making peer-to-peer transactions faster, more cost-effective, and more dependable. Nonetheless, the goal of C= is to extend the scope of LN by providing supplementary liquidity and routing services.
Making Transactions Faster And Cheaper
Since its launch, the LN has experienced a growth in liquidity and capacity through real-world adoption without artificial interventions. Furthermore, services such as C= hope to provide gradual enhancements to facilitate the worldwide adoption of Bitcoin.
C= also aims to provide wallet users, lightning node operators, and businesses with faster and more cost-effective payment solutions, utilizing services, liquidity, and infrastructure. The official statement said:
“Our objective is to fulfill your lightning requirements, no matter what they may be. Whether you are a business seeking to receive Lightning payments, a seasoned plebnet veteran searching for your next major source, or a wallet requiring channels or inbound services for your customers, we are here to assist you.”
Furthermore, the collective improvement of Bitcoin operations through Layer 2 services has made it simpler for individuals to incorporate the ecosystem into their daily activities. In the meantime, Jack Dorsey is moving forward with Bluesky, a decentralized platform and Twitter rival, as its mobile application undergoes private beta testing.
Per reports, the Bluesky social media platform is available on the Apple app store as an exclusive, invite-only application, allowing select individuals to test the new social experience by signing up with an invitation code.
Jack Dorsey’s Cash App Integrates TaxBit Software
A recent TechCrunch report states that the Bluesky iOS app made its debut on February 17th and had around 2,000 installations as of February 28th. However, the app is not yet accessible to Android testers.
The preview of Bluesky’s app on the app store is strikingly similar to Twitter in design and functionality. The interface exhibits numerous Twitter-like features, such as the presentation of handles, followers, replies, and posts.
Additionally, the Bluesky app’s feed incorporates features such as likes, reposts, and comments, further emphasizing its resemblance to Twitter. Moreover, Cash App, a popular payments venture founded by Jack Dorsey, has recently integrated TaxBit, a crypto tax and accounting software, into its services.
This integration allows Bitcoin users to efficiently report their taxes, providing them with a hassle-free method. According to previous reports, Cash App introduced its BTC trading option in 2018 and implemented BTC deposits in 2019.
The company boasts a user base of about 10 million Bitcoin users.
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