Radar, the firm which started Decentralized Exchange Radar has raised $10 million last year, has launched new lightning network developer tools. The statement was published in a Medium Post on April 5.
Developer tools will be launched in a Lightening Network hackathon sponsored by the firm, Boltathon. Tools include a configuration helper for creating a lighting node and an "invoice" playground which allows users to test whether the node is able to connect with other nodes. Apart from this, there is also a liquidity tool to ensure that users are able to send and receive payments, this might be difficult as technology is still under development phase.
The tools will be attached with setup tutorials, software recommendations and configuration guides for connecting via an anonymity network Tor and getting unreleased features.
The tools and material mentioned above are mainly part of the firm's Radar ION initiative. Radar ION's main purpose is to attract new users for Lightning network. Participants who are there at Boltathon conference, and taking part in the hackathon for lightning are asked to use these tools.
Radar is popular for developing Radar relay, a decentralized exchange for trading tokens without any middleman over ethereum. The firm is making its debut in the bitcoin area by aiming for Lightning technology.
Brandon Curtis, who is the product lead at Radar, said CoinDesk:
“We’re constantly scanning the horizon for groundbreaking technologies, last year our R&D team identified lightning as promising technology, with the potential for more than just payments. While an ethereum [decentralized application (dapp)] was our first product, our parent brand Radar is focused on building products for our next financial system.”
A lightning network is basically a cryptocurrency scalability solution and popularly known for its application to BTC. The only purpose of this network is to offer free and immediate transactions.
Just like this, in March, Bitcoin mining and growth firm, Bitfury has made a collaboration with United states payments handler startup HadePay to let its merchants receive Lightning Network transactions.