{"id":74946,"date":"2023-03-03T10:36:06","date_gmt":"2023-03-03T08:36:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74946"},"modified":"2025-09-10T02:36:22","modified_gmt":"2025-09-09T23:36:22","slug":"jack-dorseys-block-launches-lightning-network-division-at-tbd","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/jack-dorseys-block-launches-lightning-network-division-at-tbd\/","title":{"rendered":"Jack Dorsey\u2019s Block launches Lightning Network division at TBD"},"content":{"rendered":"<p>TBD, a Bitcoin-focused subsidiary of Jack Dorsey&#8217;s Block, announced the launch of a division to develop the Lightning Network ecosystem for micropayments named s=.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">\u26a1\ufe0fhello world. meet TBD\u2019s <a href=\"https:\/\/twitter.com\/c_equals?ref_src=twsrc%5Etfw\">@c_equals<\/a>: <a href=\"https:\/\/t.co\/j5ZYJmtS3J\">https:\/\/t.co\/j5ZYJmtS3J<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/lightning?src=hash&#038;ref_src=twsrc%5Etfw\">#lightning<\/a><\/p>\n<p>\u2014 TBD (@TBD54566975) <a href=\"https:\/\/twitter.com\/TBD54566975\/status\/1631327271628984320?ref_src=twsrc%5Etfw\">March 2, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cLightning is huge. Fast, cheap bitcoin payments are the future, and we\u2019re building the infrastructure to be a part of it,\u201d the team said in s=.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Lightning is huge\u2013 fast, cheap bitcoin payments are the future, and we\u2019re building the infrastructure to be a part of it.<\/p>\n<p>\u2014 c = (@c_equals) <a href=\"https:\/\/twitter.com\/c_equals\/status\/1631324149854486534?ref_src=twsrc%5Etfw\">March 2, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Management noted that one of LN&#8217;s bottlenecks is a lack of liquidity, which often leads to transaction failures. The platform will address this by providing the necessary liquidity. According to <a href=\"https:\/\/bitcoinmagazine.com\/business\/tbd-announces-new-bitcoin-lightning-service-provider-c\">Bitcoin Magazine<\/a>, Block will mobilise its bitcoin reserves for this purpose.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cLightning, one thing is clear \u2014 it isn\u2019t easy. It may be difficult to obtain liquidity from reliable nodes when you need it, which hinders payments. We want you to be able to send and receive them easily and reliably over the network,\u201d the team noted.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">One thing is clear about Lightning, it\u2019s not easy. Liquidity from reliable nodes can be hard to come by when you need it, making payments difficult. We want to make it easy and reliable for you to send and receive payments over Lightning.<\/p>\n<p>\u2014 c = (@c_equals) <a href=\"https:\/\/twitter.com\/c_equals\/status\/1631324151016308737?ref_src=twsrc%5Etfw\">March 2, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The s= division said it also plans to serve as a LN connectivity service provider for businesses and end users. The division will work on developing other services and tools to expand the protocol&#8217;s ecosystem.<\/p>\n<p>Block (<a href=\"https:\/\/forklog.com\/en\/news\/square-to-rename-to-block-as-it-focuses-on-blockchain-projects\">then Square<\/a>) created <a href=\"https:\/\/forklog.com\/en\/news\/square-to-launch-bitcoin-focused-platform\">Bitcoin-focused &#8216;daughter&#8217; TBD<\/a> in July 2021. The company says its aim is to create an open platform for developers of non-custodial, inclusive, and decentralised financial services.<\/p>\n<p>Earlier in September 2022, TBD and the operator <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-usdc-stablecoin\">USDC<\/a> firm Circle <a href=\"https:\/\/forklog.com\/en\/news\/blocks-tbd-and-circle-unite-to-promote-stablecoins\">agreed on a partnership<\/a> to promote the use of the stablecoin in savings and cross-border settlements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TBD, a Bitcoin-focused subsidiary of Jack Dorsey\u2019s Block, announced the launch of a division to develop the Lightning Network ecosystem for micropayments named s=.<\/p>\n","protected":false},"author":1,"featured_media":74947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1330,325],"class_list":["post-74946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-jack-dorsey","tag-lightning-network"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=74946"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74946\/revisions"}],"predecessor-version":[{"id":74948,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74946\/revisions\/74948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/74947"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=74946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=74946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=74946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}