BlockSpaces, a blockchain node facilities company, has actually revealed that it will quickly release its Lightning Connect; a streamlined, non-custodial Lightning Network node management option developed to make it possible for quickly, low-fee bitcoin (BTC)-based payment processing.
The Lightning Network is a layer 2 procedure that locks deals in off-chain wise agreements through a system called “channels” which are connected to on-chain bitcoin deals.
As such, the procedure maintains the security of Bitcoin while making it possible for much faster deals.
With this addition, BlockSpaces continues to broaden its facilities which presently supports over 10,000 blockchain nodes throughout the world.
Management with the BlockSpaces Platform
Lightning Connect will include auto-provisioning and management of Lightning nodes for companies to streamline utilizing the network while keeping complete ownership and control of their funds.
Users can handle their node through the BlockSpaces user interface where balances of bitcoin, current billings (through the combination of a BTCPay app), and a summary of channels and liquidity will be shown.
“We’re very excited to announce our enterprise-grade Lightning nodes. This has been a long time coming, as I have been interested in and watching the development of the Lightning Network progress for years.”
– Gabe Higgins, Co-Founder & Chief Blockchain Officer of BlockSpaces
BlockSpaces will be a premier Lightning Service Provider (LSP), offering “Super Channels.”
Those wanting to utilize Lightning no longer need to by hand handle nodes or channels and can now benefit from auto-balance, get, and send out defined quantities that scale with channel activity.
Lightning Connect brings users totally handled facilities and operations to handle liquidity while decreasing capital and resource requirements to run Lightning nodes.
The Lightning Network enhances Bitcoin’s scalability in crucial locations:
- Fast deals – Transactions can be settled instantly. Speeds belonging to the web.
- Low deal charges – Fees are small over Lightning. Less than a cent.
- High throughput – Lightning can deal with 10s of countless deals per second.
- Security & Privacy – Since deals are off-chain, it is tough to trace payments over the network.
Recently, BlockSpaces closed a $6M financing round to increase advancement and speed up development.
