Square Crypto Funds Bitcoin Lighting Network Watchtower | CryptoGlobe

in hive-116221 •  9 months ago 


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.

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