Square Crypto Awards Grant To Pseudonymous Lightning Network Contributor; Denies He Is An AI

    Square crypto, a bitcoin-focused unit of card payment, has awarded grants to a lighting contributor going by the name ZmnSCPxJ. He has been contributing to lightning and C-lightning for the past two years. This grant will allow him to go full time on lightning and bitcoins. ZmnSCPxJ is known for his prolific posts on lighting and –dev email list and ability to analyze and respond to proposals in detail and doing both while generating his comprehensive projects. Coindesk said that,

    “lightning developers likely know the identity of the researcher since ZmnSCPxJ attended the lightning conference in October in Berlin where he gave a presentation and reportedly spoke with others.”

    Building a Bitcoin

    Square crypto is broadening its offers in March 2019; the CEO of Square introduced Square crypto, described as Square's first open-source initiative independence of its business objectives. This project is focused on units that will drive mass adoption of cryptocurrencies. Crypto Square has also made several key hires in the past months, including the former Google director Steve Lee and Blockstream co-founder Matt Carlo.

    Its primary focus remains Bitcoin; Dorsey believes that Bitcoin is the center of Square's transition from Fintech Company to Internet Company. The company remains faithful to Bitcoin and has scorned cryptocurrencies; this comes with an investment that aims not to make a profit but to make out the Bitcoin ecosystem and improve Bitcoin experience for mainstream users.

    The Shape of Square's Future

    There are various projects likely to be focused on making Bitcoin use more straightforward, and one of the goals is to accelerate the role of UX design in crypto. The project has issued a call on twitter for suggestions that will help the Bitcoin ecosystem, claiming that there is no project they won't consider as long as it improves or proliferates Bitcoin.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Daniel W
    Daniel W
    Daniel Wambugu writes daily cryptocurrency and blockchain related articles BitcoinExchangeGuide. His articles have appeared in numerous blogs, media publications, and community forums. He prides himself on once being a beginner and uses his experience to deliver high-quality insightful content for our dear readers. With a knack for reviewing ICOs or researching news, Daniel plans to continue being a top contributor for many years to come.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Crypto Community Sentiment Still Bullish Despite BTC Trading 40% Lower Than Yearly High

    Bitcoin proponents had a lot of expectations from 2020, given the impending Block Reward Halving and the expected bull run. The year started as...

    Modern Monetary Theory (MMT) vs BTC to be the Main Event of 2020

    The biggest global emergency of the century, COVID-19 pandemic has the Treasury officials trying to decide on how much they can spend to fight...

    This Crisis Is A ‘Perfect Storm' For Bitcoin But We Could Be In For A ‘Prolonged Bear Market'

    Bitcoin is back in the green, recording the gains of 3.14% in the past 24 hours while volume on the top ten exchanges with...

    Banking Giant Santander to Bring One Pay FX Payment System to Mexico Utilizing RippleNet

    In 2020, the major Spain-based bank Santander is planning to roll out the One Pay FX program, its Ripple powered system for international payments,...

    Bitcoin Bull Market Won’t be Happening Immediately After the Halving: Bitmain CEO

    Bitcoin is currently trading above $6,300, still down over 14% on a year-to-date basis but up more than 60% from the 2020 low of...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.