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Blockchain developers released a new Bitcoin tool

The blockchain developers of Blockstream have released a new version of their scaling software for Bitcoin (BTC), as reported on March 1 on the company’s blog.

The software called “C-Lightning” is an implementation of the Lightning Network (LN) written in the C programming language. The Lightning Network serves as a scaling facility for the Bitcoin network to offload transactions to. The new version C-Lightning 0.7 is the first new update in 8 months to include performance enhancements, fixes, improved privacy and more features.

The main new feature is plug-in support, which in turn allows other developers to build software extensions in a variety of programming languages. This will increase the flexibility, extensibility and adaptability of C-Lightning.

Blockstream co-founder and CEO Adam Black attended the so-called “Torch Relay” of the Lightning Network last week. He has passed the “torch” to the former PayPal COO Reid Hoffman, who in turn is an advocate of Blockstream.

As reported by Cointelegraph in January, blockchain company Bitfury has released a set of tools designed to drive adoption of the Lightning Network.

According to data from an analysis website, the Lightning Network exceeded $ 2 million last December.

In the same month, crypto startup TenX has tested a Blockchain-spanning protocol that will enable the exchange of Ethereum (ETH) ERC20 tokens and Bitcoins over the Lightning Network.

Published inCryptocurrenciesFintechTechnology

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