David Markus Launches Lightning Network Growth Initiative
- May 13, 2022
- 0
David Markus, former head of the meta-payments division, announced the launch of a new Lightspark company focused on expanding the use of bitcoin. I wanted to share that
David Markus, former head of the meta-payments division, announced the launch of a new Lightspark company focused on expanding the use of bitcoin.
Lightspark has been backed by several major investors including Andreessen Horowitz, Paradigm, Coatue and Matrix Partners.
According to Marcus, in the first phase, the company is recruiting a team to study and develop the Lightning Network protocol.
Lightspark plans to create an infrastructure for companies, developers and merchants to transact over the Lightning Network.
Recall that Marcus was the head of the blockchain division of Facebook (now Meta) and participated in the development of the Libra digital currency project. Due to pressure from the regulators, it was never released.
At the end of 2021, Markus announced his departure from Meta. He described himself as a big fan of bitcoin and declared his confidence in the future of the first cryptocurrency.
Source: Fork Log
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