LQwD Financial Corp is focused on developing infrastructure to power the Bitcoin Lightning Network – the layer 2 technology that solves scalability for Bitcoin.
Decentralized Finance (DeFi) is an Open Finance technology movement that utilizes public blockchains to transform outdated financial processes into modern trustless and transparent financial systems that run without intermediaries.
Bitcoin is a public, global, trustless, and decentralized payment and store of value system that utilizes cryptography to keep its assets secure. Transactions are processed by a world-wide network of tens of thousands of computers that support the system. Bitcoin has been operating for the past decade. We can view Bitcoin as a financial trust layer addition to the internet. We refer to the main Bitcoin network as Layer 1 for Bitcoin payments.
The Lightning Network is a “Layer 2” payment protocol that operates on top of Bitcoin. It enables fast transactions between participating nodes and has been touted as a solution to the Bitcoin scalability problem. It features a peer-to-peer system for making micropayments of cryptocurrency.