Jack Dorsey’s Square Crypto Releases Information on Lightning Development Kit (LDK) For Bitcoin Wallet Applications

Square, a crypto initiative started by a payment platform Square has released details on its first product known as Lightning Development Kit (LDK) for providing developers with their bitcoin wallet applications.

 As per a post of Medium, the product has an API, language bindings, demo apps, and other items that will “make integrating Lightning easy, safe, and configurable.”

 Square Crypto, when launched in March 2019, was solely designed for supporting the ecosystem of bitcoin. Product Manager Steve Lee tweeted in July 2019 that Square Crypto is a disjoint entity from Cash App and the rest of Square. It is designed for supporting the bitcoin ecosystem. 

 “Our goal is Bitcoin for all. We are focusing on improving the Bitcoin experience for mainstream users. The user journey will always be central to our thinking,” added Steve Lee.

 Because Bitcoin is such a currency that is used globally and cannot be rigged in anyone’s favour. Therefore, various improvements are required in Bitcoin’s UX, security, privacy, and scaling.

 Moreover, during open-source development, developers choose their projects, because Square Crypto is an open-source developers’ team, and has ardent capacity on a few main projects that individuals might not have time or resources to tackle with. 

 For that purpose, the company discussed with many wallet developers which showed the need for flexibility while integrating Lightening. Wallet and applications demand various key store and storing mechanisms, security approaches, UX tradeoffs, and more. Therefore, the solution lies in building for more wallets rather than fewer.

 According to Square Crypto, it looked up various projects and finally concluded for going with a project focusing on Lightening Network-wallet integration based on the demand of developer.

 Back in December last year, Square Crypto stated that it is offering permissions to developers doing part-time Lightning Network to support its work. As the group, in September, has already hired three team members, two of whom have experience in development tied to Lightning.

Lightening infrastructure that we have today is incomplete without features like these, and it is because the infrastructure that the LDK is a big project, and with the back of developers Acniq, Blockstream, Lightning Labs, and a few more bitcoin payments with low-fee are common like cash.