Thursday, May 2, 2019

Bitcoin Startup Unveils ‘Thunder Bird’ Lightning Code for IoT Devices

Japanese startup Nayuta is releasing an in-progress lightning implementation with a compelling new focus: the internet of things (IoT).
As revealed exclusively to CoinDesk, Nayuta is publishing the first lightning implementation geared specifically toward IoT, or networks of connected devices that feed data to one another. The idea behind Nayuta’s release is that it connects to bitcoin’s live network (as opposed to a test one), allowing transactions of real BTC.
To date, Nayuta’s release represents the fourth lightning implementation to officially launch on bitcoin’s mainnet so far, following software pushes from startups Acinq, Blockstream, and Lightning Labs.
Called Ptarmigan, the Japanese word for “thunder bird,” the name plays off the fact that the promising bitcoin technology it builds upon is named “lightning.”

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