David Marcus, the former CEO of PayPal, expresses his enthusiasm for blockchain technology once again, as he plans to spend the rest of his life building on Bitcoin, specifically the Lightning Network. The former leader of digital currency and digital finance projects at Meta is taking steps into the world of cryptocurrencies.
He launched his own technology infrastructure company, Lightspark, in 2022, which focuses on the Lightning Network in Bitcoin and aims to attract businesses to the platform. He was also involved in the creation of Diem, Facebook’s cryptocurrency project, which failed after facing scrutiny from regulatory authorities in the United States.
The emergence of well-known figures like David Marcus and their interest in blockchain technology means a lot to cryptocurrency enthusiasts. The former CEO of PayPal believes that Bitcoin and the Lightning Network are the right solution for the world.
Understanding the Lightning Network:
The Lightning Network is a layer-two solution that utilizes micropayment channels to enhance the efficiency of the Bitcoin blockchain and ensure cheap and efficient transaction processes. This technology addresses the issues associated with Bitcoin by introducing off-chain transactions.
