InvestorWire NewsRoom

Article

Despite a Volatile Bitcoin Market, LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Scaling Lightning Network and Increasing Channel Capacities
May 26, 2022

Despite a Volatile Bitcoin Market, LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Scaling Lightning Network and Increasing Channel Capacities

  • LQwD released its platform as a service offering in November 2021, also releasing its first node on the Lightning Network – US-West
  • Since then, nine additional nodes have been released worldwide: Ireland, India, Germany, Indonesia, Italy, Singapore, Sweeden, England, and France – with more likely to follow
  • Despite volatility in Bitcoin, the Lightning Network continues to grow, with most recent reports indicating that the Network’s capacity is over 3,539 BTC
  • Users can send payments quickly and with lower fees when utilizing the Lightning Network and PaaS solutions like LQwD

One of the most dependable characteristics of the cryptocurrency market is its volatility. Despite seeing an all-time high in November 2021, the current cryptocurrency market cap has lingered in the US $1.24 to US $1.31 trillion range struggling to break beyond this limited barrier. On May 24, 2022, the closing price of Bitcoin again fell below US $30,000 – dropping more than 3% in 24 hours. “The crypto market struggled to stay in the green as sellers dominated the market to open the week. Tether has paid $10 billion in withdrawals since the crypto market, which indicates large-scale liquidations across the crypto market by the investors to recalibrate their portfolio,” BuyUcoin CEO Shivam Thakral stated (https://ibn.fm/CJmAp). “The crypto market is expected to stay in a bear phase for some time, and most the investors will stay in a wait and watch mode.”

Not all companies are in the “watch and wait” mode when it comes to Bitcoin or the Lightning Network. LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, is still leveraging the Lightning Network with its platform as a service (“PaaS”). LQwD launched its PaaS offering lqwd.tech in November 2021, the same time it launched its first node on the Lightning Network in the United States. Since then, LQwD has strategically launched nine additional nodes worldwide in Ireland, India, Germany, Indonesia, Italy, Singapore, Sweden, England, and France.

The Lightning Network is a layer 2 payment protocol layered on the blockchain of the native cryptocurrency it facilitates – in this instance, Bitcoin. The Lightning Network comprises nodes that are connected via various channels. These channels are created when Bitcoin is used as collateral for the payment transfers. The eventual goal is to create a connected network that gets payments from the point of origin to the end user in as few “jumps” as possible. The benefits of using the Lightning Network include lower fees and faster transaction settlement times. The Bitcoin blockchain does not have the capacity to facilitate thousands of payments at one time, making the scaling of the Lightning Network even more important as acceptance of cryptocurrency rises.

The Bitcoin Lightning Network continues to grow, despite the volatility of the actual market. As of the most recent reports (March 2022), the capacity of the Lightning Network currently exceeds 3,539 BTC. This means that anyone looking to send a payment of less than the capacity can be facilitated using the Lightning Network – as more nodes and channels are created, the capacity will only increase. The current estimate is that the Network will continue to grow by over 30% annualized. To follow the Lightning Network, visit the Lightning Network Search and Analysis Engine at https://1ml.com/.

For more information, visit the company’s website at www.LQwDFinTech.com.

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ibn.fm/LQWDF

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Recent Articles

Release Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).