Bitcoin Lightning Labs has rolled out a new set of developer tools to help build inclusive, and cost-effective LLM [Large Language Model] technology that smoothly combines Lightning with Bitcoin
Based on the blog post, this suite of tools includes, LangChainBitcoin enables direct interaction with BTC and also the Lightning Network.
One of its features leverages the newly released OpenAI GPT function that boasts enhanced AI interactions such as holding a Bitcoin balance [on-chain and Lightning], sending/receiving BTC on Lightning, and also directly driving with an LN Daemon node.
The second component of this toolkit is Apertures, which provides dynamic API endpoint pricing and node support for LN.
Build on top of the BTC network, the LN is a “layer 2” payment protocol that enables fast transactions among participating nodes and has been proposed as a solution to the BTC’s scalability issue.
As of now, several important digital asset exchanges, such as River Financial, OKX, Kraken, and CoinCorner, extended their support of the Lightning Network.
World’s largest crypto exchange by market cap, Binance has actively pursued integrating Bitcoin’s LN for deposits and withdrawals after it was recently spotted running new lightning nodes.
Binance’s bid to make the Lightning network accessible is to prevent a repeat of the BTC withdrawal woes it faced on past occasions.
Then, Bitfinex, another prominent crypto exchange has recently set up a BTC Lightning node and integrated LN in its wallets in a bid to kickstart the BTC micropayments market.
Bitcoin Attracts Spanish Bank Santander’s Attention
Beyond digital asset trading platforms, numerous legacy fintech firms have too jumped on the bandwagon.
For instance, Spain’s biggest bank, Santander, just started a Digital Assets 101 series for clients and potential investors. The bank’s wording impressed BTC proponents, who seized on Santander’s description of the Lightning Network in Bitcoin as an illustration.
Leading institutional companies and Michael Saylor, executive chairman, and former CEO of MicroStrategy, pushed for the usage of BTC as the company’s main treasury reserve asset.
Since then, MicroStrategy has declared its intention to introduce lighting infrastructure and solutions for businesses in 2023.
After a month of numerous ETF applications, favorable price movement, and revived interest in the king coin, the volatile market is once again shifting.