The decentralized platform Radar Relay that had raised fund through series funding last year has reported that they will be releasing their lightning fast network development tool that will make the transaction smooth and scalable. The declaration was made through a post on 5th April.
As per the company, the tool will be released to the common people in a lightning network hackathon at Boltathon organized by the company. The participants of the conference will be allowed to use this tool. The tool has the specialty of node configuration, requesting and opening channels, invoice sandbox, and decoder for experimentation. The tool will have the setup tutorial, configuration guide, software recommendations to link to network Tor.
The tool and the supportive documents released by the company is the part of Radar ION activity. The ION activity of the company is planned to present new clients to the lightning network. The lightning network in the discussion is a scalability solution for digital currencies. The nascent network has previously found its adoption in bitcoin and is known for almost free and instant transactions.
Recently a mining firm of Bitcoin Bitfury in association with HidePay an instalment payment processor of US introduced lightning network in their platform for transactions.
In 2019 there has been massive development in the area of Bitcoin lightning network and has become a typical process for making Bitcoin payment. Fastbitcoin.com has also announced the integration of lightning network in its platform for Bitcoin cash payments. In this new exchange, the user may not have to go through blockchain while buying or selling the bitcoin.
A blockchain development company lightening labs lightning loops has also used the lightning network and were able to make transactions while having the channels open.
Radar has made its name in the digital currency business for developing Radar relay. It is a trading platform for token transactions over the Ethereum network. Radar does not seek for any middleman for doing the token trade. This new venture is a new experimentation of the company in case of Bitcoin trading through the lightning network.
The company has the plan to develop functionality on the lightning network. Developers are developing all sorts of the application on this network. Initially, lightning was launched in 2018, but at that time the network blocked and the transaction became very slow. Now again the technology has got released with improved features.
The next focus of the company will be to create tools that will support the developers to develop an app on the network as opined by-product lead of Radar.
