Bitcoin Lightning Network Summit: Breez, Lightspark, Tether, Plan ₿ promote "Time2Build" to bind developers and mainstream applications.

動區BlockTempo
BTC2,08%
SATS3,74%

Breez, in partnership with others, is promoting the “Time2Build” initiative, utilizing the “Merge and Pay” reward mechanism to drive the mainstream adoption of the Bitcoin Lightning Network. (Background: How to use the Bitcoin Lightning Network? First, tackle these 6 major misconceptions) (Supplementary background: What is a Lightning Network Service Provider? 5 important tasks of LSP) Over the past two years, the Bitcoin Lightning Network has transitioned from being an experimental ground for tech enthusiasts. On October 7, Lightning Network solution provider Breez, in collaboration with partners such as Lightspark, Tether, and Plan ₿ Network, officially launched the Time2Build initiative, targeting the last mile of integrating the Lightning Network into open-source projects through the “Merge and Pay” model. The incentives extend from hackathons to the moment when the code is actually merged, aiming to push the Lightning Network towards broader and more lasting everyday use cases. “Merge and Pay”: Rewards aimed at long-term implementation Traditional development rewards are often issued at the demo stage, and whether the functionality remains in the product often has variables. Time2Build sets stricter thresholds: only when the contributed code passes the maintainers' review and is merged into the main branch of the Lightning Network tech stack will developers receive their rewards. This approach not only ensures the quality of functionality but also makes project maintainers gatekeepers, preventing the generation of one-off, hard-to-maintain assembly code just for the sake of “receiving rewards.” The initiative requires participating projects to comply with FOSS licensing, possess an active community, and have real users, avoiding the emergence of rat trading. The reward pool is co-funded by Breez, Lightning Network infrastructure provider Lightspark, stablecoin giant Tether, and Bitcoin educational institution Plan ₿ Network, with additional support from DraperU and PlebLab for nurturing. The common goal behind the financial backing is to transform the Lightning Network from “technical commitment” into “real functionality,” allowing users to unknowingly enjoy instant off-chain payments with low fees. Breez SDK: Lowering integration thresholds The technical core supporting Time2Build is the Breez Bitcoin Lightning Network SDK. According to official documents, the SDK provides end-to-end tools that enable developers to quickly deploy self-custodial wallets and payment channels within existing applications and seamlessly connect with services like Lightspark. The self-custodial design ensures that users retain control over their private keys and do not need to entrust their assets to centralized platforms, aligning with Bitcoin's spirit of “decentralization.” The Lightning Network itself alleviates the speed and cost bottlenecks of the Bitcoin mainchain through off-chain channels, completing transactions in milliseconds, often for less than 1 Satoshi. According to 1ML statistics, as of the 9th, the number of Lightning Network nodes approaches 1,600, with over 43,500 payment channels and a total capacity of 3,869 Bitcoins, representing a market capitalization of approximately 480 million USD, indicating steady network growth. Source: mempool Diverse applications of the Lightning Network from finance to retail Over the past year, non-crypto native enterprises have gradually adopted the Lightning Network, laying a foundation of market confidence for Time2Build. In August 2024, digital bank SoFi Technologies became the first financial institution in the US to enable users to conduct cross-border transfers via the Lightning Network through a universal currency address. Swiss retail giant Spar integrated Lightning payments in April of the same year, proving that brick-and-mortar stores can also easily connect. In early 2024, Tether brought USDT into the Lightning Network, providing a low-latency option for stablecoin transactions. These cases demonstrate that when the payment experience seamlessly integrates with existing processes, users do not care whether it is L2 or L1 behind the scenes; they only care about speed and cost. Challenges and prospects: From open-source community to mainstream market The strength of Time2Build lies in locking code merges with cash flow, but to ensure functionality lasts, continuous maintenance and user education are still required. For end-users, node management and channel capacity are still not intuitive; for developers, stability, debugging tools, and regulatory uncertainties also require time to adapt. The current strategy is to first cultivate high-quality examples from the open-source community and then push these modular results toward commercial applications. Although challenges remain ahead, Time2Build offers a replicable incentive framework: binding developers, project maintainers, and funding suppliers on the same “merge” chain. When every completed Pull Request translates to real monetary rewards, developers have greater incentives to engage in long-term maintenance; when functionalities directly serve users, projects naturally possess the drive for continuous growth. With the acceleration of global payment digitization trends, the Bitcoin Lightning Network is poised, through such initiatives, to leap from niche technology to a common underlying protocol for cross-border payments. In the not-so-distant future, users may only need to swipe their phones to complete an instant settlement for cross-border transactions at low costs, while the sparks behind this process quietly ignite with each code merge. Related reports: The first in the US: Digital bank SoFi integrates the Bitcoin Lightning Network: Realizing the era of cross-border remittances with instant deposits and low costs. 66 Bitcoin developers call for BIP-119 to be passed by the end of 2025; how will it change Lightning Network payments and the miner ecosystem? Apple approves Bitcoin! iOS game Sarutobi goes live on the App Store: Players can purchase items and earn Sats using the Lightning Network. (The Bitcoin Lightning Network convergence: Breez, Lightspark, Tether, and Plan ₿ promote “Time2Build” to bind developers and mainstream applications) This article was first published in BlockTempo, the most influential Blockchain news media.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

USDT Manipulation Case Upgraded! Tether and Bitfinex Collective Lawsuit Approved by New York Court

The U.S. court partially approved the class-action lawsuit against Tether and Bitfinex, narrowing the scope of plaintiffs to include investors who purchased crypto commodity futures between 2017 and 2019. The core allegations of the case involve the manipulation of the market through USDT that was not fully backed by reserves, resulting in investor losses. This class-action lawsuit is still ongoing and will strengthen the plaintiffs' bargaining position.

MarketWhisper12h ago

Tether CEO Frames USDT As a “Digital Dollar for the People” After New Concentration Data

Paolo Ardoino, the CEO of Tether, went on X today with a short, proud message: USDT, he wrote, “is unique.” He backed that claim with a single, sharp statistic: over the past year, the biggest sender of USDT accounted for less than 5% of all USD send volume, while for other stablecoins, one

BlockChainReporter12h ago

Tether USDT Powers 550M Users Across Emerging Markets, Says CEO

Tether's USDT leads the stablecoin market with over 550 million users and widespread transaction distribution. Strategic partnerships and increased liquidity drive global adoption, but regulatory challenges in South Korea hinder local access.

CryptoFrontNews18h ago

USDC tops Tether as stablecoin transfers hit all-time high $1.8T

Stablecoins are delivering a liquidity surge unseen in recent cycles, with February marking a record on-chain transfer activity and signaling a shift in how capital moves through crypto markets. Allium’s data shows total stablecoin transfers climbed to $1.8 trillion in February, underscoring a

CryptoBreaking03-08 12:00

Tether CEO: USDT has served over 550 million users in emerging markets worldwide, with the largest individual sender accounting for less than 5%

Tether CEO Paolo Ardoino announced that, among the total USDT sent over the past 12 months, the largest individual sender accounts for 4.97%, significantly lower than the 23.34% seen in other stablecoins. He pointed out that USDT primarily serves populations overlooked by traditional finance, with over 550 million users in emerging markets worldwide currently relying on USDT.

GateNews03-08 09:35

USDC surpasses Tether as stablecoin trading volume reaches an all-time high of $1.8 trillion

The trading volume of stablecoins has reached an all-time high, with Circle's USDC surpassing Tether's USDt, according to newly released data. USDC continuously surpasses USDt in trading volume According to data from Allium, the total trading volume of stablecoins reached $1.8 trillion in February, t

TapChiBitcoin03-08 00:36
Comment
0/400
No comments