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Technology Meant to Make Bitcoin Money Again Is Now Live

  • Lightning Network software released by developer group
  • Jack Dorsey, others invest seed money in Lightning Labs
Bloomberg business news

Bitcoin: What’s Coming in the Year Ahead

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A version of the technology that’s meant to make cryptocurrency payments faster and cheaper went live Thursday.

The software, called Lightning Network, can now be used for Bitcoin payments after more than a year in which thousands of developers tested it. Lightning Labs, one of the firms developing the technology, released this initial version, which is compatible with networks being developed by other groups, such as Blockstream and Acinq.