SINGAPORE, Aug. 18, 2022 (GLOBE NEWSWIRE) — SAI.TECH World Company (“SAI.TECH” OR “SAI” or the “Firm”, NASDAQ: SAI), a worldwide energy-saving Bitcoin mining operator and a clean-tech firm that integrates Bitcoin mining, heating, and energy industries, introduced that it has just lately launched SAIHUB APP 1.1, which helps Bitcoin Lightning Community.
SAIHUB APP 1.1
SAIHUB APP 1.1 has been formally launched this month with the brand new perform of Lightning Community help. By utilizing SAIHUB APP 1.1, customers now can’t solely prime up the pockets on the chain, but in addition make or obtain on the spot funds off chain based mostly on the second layer added to the Bitcoin Blockchain. Lightning Community helps the smallest transaction to 1 Cong (SAT) and even 0 Cong (SAT), which meets the good wants of customers’ precise transaction state of affairs.
“In future, SAIHUB App will proceed exploring extra features based mostly on the Lightning Community ecology to satisfy quite a lot of customers’ wants, equivalent to on the spot messaging, Lightning Community fortunate cash, Weblog based mostly on the Lightning Community and so on,” stated SAI.TECH’s founder and CEO Arthur Lee, “We imagine that within the foreseeable future, SAIHUB APP will promise richer person expertise by constructing a extra open and practical ecology, whereas enhancing the effectivity from data switch to worth switch.”
About Lightning Community
In February 2015, Bitcoin builders Joseph Poon and Thaddeus Dryja revealed an article titled “Bitcoin Lightning Community: Scalable Off-chain Instantaneous Cost”, introduced the Lightning Community with the idea of “scalable off-chain fee” to the general public.
The Bitcoin community is designed to be decentralized and safe by recording ledgers on each Bitcoin node. It might require half of the entire hash charge community to control the transaction report, which is nearly unimaginable to realize. Nevertheless, this reputation additionally comes together with the shortcoming—the quantity of transactions that Bitcoin community can course of per second is restricted by the velocity of producing every block and the dimensions of every block, which clearly couldn’t meet the growing transaction demand ensuing from quick rising Bitcoin house owners and customers. To resolve this downside, builders created layers on prime of the primary community, the place the primary layer was the first blockchain.
The Lightning Community is a second layer settlement based mostly on Bitcoin community that encompasses a peer-to-peer system for micropayment channels which allow on the spot transactions amongst taking part nodes thus resolving the Bitcoin community scalability downside. Usually talking, it’s a “inexperienced path” constructed exterior the Bitcoin important chain in an effort to handle numerous high-frequency or small transactions with safety ensured.
The Lightning Community was first applied into the Bitcoin community in 2018 and the utilization of it has been rising considerably quick since then. In line with Arcane’s newest Lightning state report, the variety of funds roughly doubled and the worth of the funds elevated greater than 400% over 2021 (measured in USD). In line with immediately’s real-time Lightning Community statistics from 1ml (https://1ml.com/statistics), there are 17,783 Lightning Community nodes working 86,854 channels, 4,567.33 BTC community capability in complete.
SAI.TECH is an energy-saving Bitcoin mining operator and a clean-tech firm that integrates the Bitcoin mining, energy, and heating industries. SAI.TECH makes use of proprietary liquid cooling and waste warmth restoration know-how for its digital asset mining machines, using waste warmth to supply recycled power and heating to potential prospects whereas decreasing mining working prices. SAI.TECH strives to change into probably the most cost-efficient digital asset mining operations firm globally whereas concurrently selling the clear transition of the Bitcoin mining, energy, and heating industries.
In Might 2022, SAI grew to become a publicly buying and selling firm below the brand new ticker image “SAI” on the Nasdaq Inventory Market (NASDAQ) by a merger with TradeUP World Company (“TradeUP”).
For extra data on SAI.TECH, please go to https://sai.tech/.
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