- The company is called C=
- It is designed to simplify access to LN for contractors and entrepreneurs
- The firm aims to increase the reach of the BTC ecosystem to 1 billion users.
This week, ex-Twitter CEO Jack Dorsey announced the launch of a new project called C=. It is a Lightning Network-based solution provider for business organized under the auspices of TBD, a subsidiary of Block.
Related press release appeared on the organization’s official Twitter page. Like the TBD initiative as a whole, the C= project is focused on creating a universal toolkit in the BTC ecosystem for “transferring complete financial control to customers.”
More specifically, Dorsey’s new project aims to improve liquidity and routing on the Lightning Network:
“Connecting to LN requires liquidity in the form of bitcoins. C= will build an infrastructure using BTC that is transferred to the network so that businesses and counterparties can transact in a more secure and controlled space of this ecosystem.”
The Cats Spiral team is also involved in the project. That is, in fact, C= creates an infrastructure with “borrowed” liquidity, thereby simplifying access to LN with all the advantages of this solution.
The global goals of the new company are quite ambitious – a billion users in the BTC ecosystem. Now C= is looking for potential partners.
Where does this name come from? Most likely this is a reference to the equation E=mc2. However, the company did not confirm this.
We previously reported that Lightning Network throughput has reached a new all-time high. The ecosystem is rapidly gaining popularity. For example, MicroStrategy also plans to release several solutions for this network in 2023.