ZEBEDEE Launches NBD To Contribute To Open Source Development Of Bitcoin Lightning Network
ZEBEDEE, a bitcoin gaming company announced the launch of its “No Big Deal” (NBD) nonprofit organization, to furthering open source development for Bitcoin and the Lightning Network.
NBD launched with several projects dealing with “stored channels” on the Lightning Network, a layer 2 network that makes bitcoin transactions faster and cheaper. Hosted channels are network connections that do not require users to deposit bitcoins before performing Lightning transactions.
The continued expansion of hosted channel support and the continued growth of the Lightning Network eliminate the need for surveillance services. This opens the door for more people to be using their own software, clients and infrastructure instead of using for-profit services like ZEBEDEE.
Currently, the company has focused heavily on hosted channel support and the Lightning Network. Stored channels are used to make money transfers via Lightning easier and less capital intensive by eliminating the need to lock up funds. It is important to note about these specific contributions that continued expansion of hosted channel support and continued growth of the Lightning Network eliminate the need for monitoring services, such as those for services provided by ZEBEDEE itself.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Elise
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ZEBEDEE Launches NBD To Contribute To Open Source Development Of Bitcoin Lightning Network
ZEBEDEE, a bitcoin gaming company announced the launch of its “No Big Deal” (NBD) nonprofit organization, to furthering open source development for Bitcoin and the Lightning Network.
NBD launched with several projects dealing with “stored channels” on the Lightning Network, a layer 2 network that makes bitcoin transactions faster and cheaper. Hosted channels are network connections that do not require users to deposit bitcoins before performing Lightning transactions.
The continued expansion of hosted channel support and the continued growth of the Lightning Network eliminate the need for surveillance services. This opens the door for more people to be using their own software, clients and infrastructure instead of using for-profit services like ZEBEDEE.
Currently, the company has focused heavily on hosted channel support and the Lightning Network. Stored channels are used to make money transfers via Lightning easier and less capital intensive by eliminating the need to lock up funds. It is important to note about these specific contributions that continued expansion of hosted channel support and continued growth of the Lightning Network eliminate the need for monitoring services, such as those for services provided by ZEBEDEE itself.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Elise
CoinCu News
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