After the failure of Meta’s Libra, make way for Bitcoin’s Lightning Network

No question of giving up – This old Meta framework, David Marcusaccustomed to cryptos and the payment system, wants to promote the creation of solutions on the second layer of Bitcoin (BTC)the lightning network. His startup is taking its first steps, but already has the support of well-known investors in the crypto industry.

>> Don’t let the rich get all the bitcoins! Join FTX (affiliate link) <<

Flash of genius for Bitcoin: on the way to the Lightning network

David Marcus is a French entrepreneur who founded Zonga mobile payment startup acquired by PayPal. He then held a management position within the latter. In addition, he was the former Head of Cryptocurrency Operations and Digital Finance of Meta.

David Marcus now wants to focus on Bitcoin. Thus, the entrepreneur recently announced the creation of lights parka company that focuses on the development of solutions based on the Lightning Network.

Lightspark will more accurately provide theinfrastructure that developers or companies need to use the second layer of bitcoin. David Marcus’ company will initially focus on creation of a team dedicated to the exploration of the Lightning network.

James Everingham is part of the Lightspark team. He previously served as Vice President of Engineering at noviMeta’s former digital wallet project.

From a financial point of view, Lightspark benefits from the support of many investorss, including Andreessen Horowitz (a16z), Paradigm, Coatue and Matrix Partners.

“We have sought to support a team to build on top of Bitcoin and believe that David Marcus and the Lightspark team he has assembled can bring exciting technological innovations to Bitcoin and the Lightning Network”

Sriram Krishnan, general partner at a16z

the Lightning Network gains new support that can democratize adoption of the network. In addition, the second layer of Bitcoin has already been able to count on Strike to conquer new territories.

Bitcoin, Decentralized Finance, crypto-assets… so many concepts that are increasingly part of everyday life. Take the lead and start accumulating and trading your first bitcoins by registering on the FTX reference platform and get a lifetime discount on your trading fees (affiliate link).

Leave a Comment