Jack Dorsey’s Spiral demonstrates the Bitcoin Lightning Development Kit
The encryption department of the recently renamed Square (now Block) showed off its Lightning Development Kit (LDK) as it aims to supercharge the Bitcoin network.
The team of Jack Dorsey’s Spiral released a video on December 7 demonstrating the features of Bitcoin Lightning and Lightning Development Kit (LDK).
LDK is designed to allow developers to seamlessly plug their applications into networks on mobile devices and point-of-sale terminals.
LDK supports native APIs using Rust, C, Swift, Java and Kotlin coding languages. This allows developers to customize their wallet applications for their users in the language of their choice, while also eliminating the need for separate Bitcoin and LN wallets.
We made a very short documentary about the Lightning Development Kit, which is our big project in the past few years.We want a puppet show @JackPart, but solved the actual @Jack: https://t.co/q6eW4PDuNW
-Spiral (@spiralbtc) December 6, 2021
This video shows a puppet Jack Dorsey interacting with shop assistants and shopkeepers by paying for the service Lightning Network (LN). He uses his mobile LN wallet app to pay for nose piercing and movie tickets, while the video regularly switches to the Spiral team to talk about the advantages of Bitcoin and LN.
Spiral, formerly known as Square Crypto, has been developing Bitcoin wallet solutions since its establishment in 2019. In addition to LDK, Spiral is also developing a Bitcoin development kit, which allows cross-platform mobile wallet interaction.
Lightning is the second-tier scaling solution for Bitcoin, and Spiral project manager Haley Berkoe said it “turns Bitcoin into an actual payment system.”
Spiral’s Conor Okus expects that its LDK will increase the adoption rate of Bitcoin and LN by “providing a way for people in different parts of the world to store value and participate in economic activities.”
For users of the Lightning Network as a network, the release of this product is just the right time Node is at a historical high. Last read from Bitcoin visual effects It shows that 18,905 nodes on the Lightning Network have active channels.
In the past 3 months, the total number of nodes has increased by 23% and 3,534 new nodes have been added.According to LN, the current network capacity is 3,285 BTC, which is approximately US$166 million 1ML.