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Voltage Aims To Bring Bitcoin’s Lightning Network To Every Business In The World

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founder: Graham Crizk

Foundation date: October 2020

Headquarters Witchita, Kansas

Number of employees: 17

Website: https://www.voltage.cloud/

General or private? private

In 2012, shortly after the discovery of Graham Krizek Bitcoin and then began to contribute to Bitcoin Core and build its own apps on Bitcoin, note a problem that hinders Bitcoin builders.

“The problem I saw is that everyone was building everything from the zero point – over and over again,” Krezk told Bitcoin. “There was no cloud environment where you can only rotate the bitcoin infrastructure and be able to start developing against it.”

At that time, Krizek did not feel that he had to work in this case. He was still focused mainly on his career as a software engineer outside the bitcoin area, where he works in many startups and large companies such as Salesforce, while contributing to Bitcoin in his spare time.

But something inside it turned when he learned of the lightning network.

He saw his potential and knew that it should be used easier if it was widely adopted.

“When I found lightning, I said to myself” well, this is the next stage of Bitcoin's adoption, and the thing that will lead to the next level, “said Krizek.

“Then, I saw the same pattern that happens with Bitcoin. Everyone continued to start zero during construction, but the problems were more intense because lightning is more complicated.”

“You are like” we need a cloud provider where you can just click a button and get a lightning knot and maintain it for you. “It can only be there so that we can develop applications and build projects that we want to build much easier and much faster.”

Thus Krizek got the work to create such a product.

The initial repetition participated with friends and acquaintances, many of whom began to use it to the point that the project demanded more attention.

“Using has grown to a degree like it,” said Kreizk.

He decided on the latter, and by late 2020, he founded Voltage.

How does the effort work

Make the effort away from the complexities of the use of lightning by allowing users to spread the lightning knot and rotate a channel in only a few clicks.

While Voltage hosts your node in its cloud, its public key, peers, channels, balance and special transactions remain in particular, as all the traffic that is directed through the knot is transferred via Tor.

While your node works in the voltage cloud, which is supported by Google Cloud and many other cloud services providers, Voltage also helps users manage liquidity and provides other forms of customer support.

Basically, the effort stripped the difficulties of engaging with lightning, while supporting its users in this process. He does this in efforts to help institutions adopt lightning more easily. Krizek also mentioned that they have new products and capabilities to help traditional financing companies with integration.

Krizek said: “The task of the effort is to make Bitcoin and the Lightning network available for every company on this planet,” Krizek said.

“Lightning is great. He has really got a lot of amazing capabilities, but it may be really difficult to wrap your head around, especially to integrate them into commercial operations – especially for companies that may not be in bitcoin or encryption.”

“We make it easy to use and connect.”

What are the types of companies that use lightning?

Last year, prominent companies such as Major Crypto Exchang Coinbase and the largest Fintech Bank in Latin America merged lightning into their operations.

Krizek sees this trend of encryption exchanges, Neobanks and other financial services platforms on board to the continuous lightning next year.

He said, “The financing companies will definitely be the biggest engines because if they can take a second settlement value with zero fees and apply this to the large payment processor that does global payments, this represents an incredible value for their work.” Crazk.

Moreover, Krizek sees companies outside Bitcoin and Crypto and the financing space has also started taking advantage of lightning in 2025, partly, because companies like the voltage make it easy to do.

“The year 2025 will be great to start out of our specialized market,” Krizic said.

“This technology is still a little harsh around the edges of a large company like Walmart to be like,” hey, we'll connect this now. “Even with the effort, we are not perfect all the time while making lightning very easy.”

“I think we have taken great steps last year, though, and we have a lot of exit.”

There is another main obstacle for companies looking to adopt lightning, which is the risks that come with the management of bitcoin fluctuations.

But this danger is not there if the Tether companies are sent via lightning instead of Bitcoin, which is that They will be able to do it soon.

The rope (USDT) on lightning

Krizek is optimistic about Usdt's access to lightning, because it is believed to stimulate the growth on the network.

“I think we have a lot of products and solutions around them,” said Kreisik.

“Not only I'm personally excited about it. Many of our customer base are very excited about that. They ask this directly from us because Stablecoins is the largest use in Crypto today.”

“When you offer Stablecoins with a second settlement fee and very low fees, this is a big opening. With Tron's drawings it is more expensive. People are looking for an alternative.”

(You saw you Major Blockchain for Stablecoin transactions Because of the extent to which the fees are decreased on the network historically.)

As the USDT runs over lightning it is likely to have a safe risk to Bitcoin (as I think it), Krizek does not seem worried.

“It does not worry me at all,” Krizic said.

He added: “I think we have advanced since the size war in terms of acquisition, as I do not think it is easy for the large institution to force the ecosystem of bitcoin as some did during the wars of the blocks,” referring to Tether is likely to gain a major impact on bitcoin.

“It is better to merge something like Tether (USDT) on lightning because it is an anticon-to-counter mesh-it's not a general consensus. So, you have a greater ability to say” hey, if you don't want to participate in USDT transfers, just don't do it. “

Moving forward in a pro -home organizational environment.

US Crypto Czar David Sacks is an investor in voltage (Via Capital Capital, Craft Ventures). This would indicate that he has some understanding of the lightning network and the role of bitcoin as a way to exchange.

Therefore, does this mean that the United States is about to embrace Bitcoin in this way?

According to your Crake, not exactly.

“Everyone screams in the government now to obtain the Bitcoin Strategic Reserve, which treats Bitcoin as a value store,” Krizek explained.

“Over time, we will definitely hear more and more about Bitcoin as a way to pay. We just need to get this strategic reserve conversation first and then say,” Well, what can we do with this? “

The fact that the government draws Bitcoin in any kind of positive light at all, though, is exciting for Crake. Since 2012, when he entered Bitcoin for the first time, the government refused either Bitcoin or was hostile to it.

“When I started in Bitcoin, it was completely ignored, and the past four years have been very bad for companies like us,” Krizic said.

With this new administration, we definitely saw the transformation of the tone. We are still working through some things, but we definitely turn into the corner and go in the right direction. “

“I am really excited to see where it can go next year. I think it will be positive.”

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