Radar Startup Releases New ION Project to Onboard Bitcoin Lightning Network Use Cases
The technology startup Radar has just released a new one-stop onramp or Bitcoin’s Lightning Network (LN). The new project is known as ION and it is an interactive guide that allows users to learn about how the LN works.
Radar is a Denver-based company that is known for the decentralized application (dApp) Radar Relay, which runs on top of the Ethereum (ETH) network. This onramp may be the easiest way for individuals to be connected to the LN. The information was released in a press release by Radar Inc.
Spencer Bogart, Partner at Blockchain Capital, commented about it:
“Bitcoin is the most exciting and empowering thing to happen to financial markets in decades and the Lightning Network is taking things to the next level. The biggest challenge, however, is onboarding users and I’m thrilled to see Radar tackling this challenge head-on with ION.”
The company wants to solve new user interactions and grow the whole Lightning Network community. Radar is also working on research and development on products that will be strengthening the adoption of the technology.
Brandon Curtis, Radar ION’s Product Lead, explains that although the Lightning Network is expanding and growing all over the world, there are some challenges that must be solved and that have not received enough attention. He is making reference to accessibility for new users and features discovery. Additionally, integration for developers is something that must be addressed as well.
Bitcoin and the LN are expected to be helping the crypto market grow. Indeed, with the LN Bitcoin will be solving its scalability problems and improving its privacy features as well.
The Lightning Network has been expanding throughout 2018 and the beginning of 2019. According to 1ml, there are 6,934 LN nodes, 31,283 channels, and the LN has a capacity of $2.82 million. Although there are many things that can improve and have yet to be developed, the LN is proving to be a great scalability solution for Bitcoin.