The cryptocurrency development arm of payments firm Square, Square Crypto, has issued a grant to the Eye of Satoshi, a Lightning Network watchtower that monitors blockchain transactions to protect users on the layer-two scaling solution.
Per Square Crypto, is a users' Lightning Network software is disconnected from the internet and isn't actively monitoring the Bitcoin blockchain, a third party is needed to watch it for them. Users who only use a light wallet, for example, need watchtowers' services to ensure another party won't steal their funds.
