Blockstream’s new service aims to make Lightning integration a breeze

Blockstream’s Greenlight simplifies node operations for companies, helping them save costs and time and allowing more focus on user needs.

article-image

Sergey Nivens/Shutterstock, modified by Blockworks

share

Bitcoin infrastructure company Blockstream has made its Greenlight Lightning-as-a-Service (LaaS) solution available for global commercial use, starting Thursday.

LaaS refers to a model where a provider like Blockstream offers a managed Lightning Network infrastructure to developers and businesses. 

Greenlight was first introduced to developers in June as a concept where “your users hold their keys, while we take care of everything else.”

The service allows developers to integrate Lightning payments into their applications using Blockstream’s Application Programming Interface (API), eliminating the need to manage their own Lightning nodes, according to a blog.

This removes the need for in-depth Lightning protocol knowledge or the complexities of setting up a node, Blockstream said.

The Lightning Network itself acts as a layer-2 scalability solution atop the Bitcoin blockchain, enabling rapid and low-cost BTC transactions for users. Notable exchanges have already implemented Lightning payments, including Binance, Coinbase and Kraken.

Loading Tweet..

Alternatively, developers had to choose between custodial and non-custodial solutions, each with trade-offs in convenience, security and technical expertise.

Blockstream said Greenlight aims to provide a middle ground by removing the barriers associated with both options without compromising on security, performance or functionality.

“By offloading labor-intensive node operations to Blockstream and integrating Greenlight with just a few API calls, companies can save on costs and free up valuable time to focus on meeting the needs of their users,” the company said in a statement.

Going the non-custodial route means developers can avoid the burden of securing user funds and dealing with regulatory costs and compliance requirements, it added.

To promote adoption of non-custodial Lightning solutions, Blockstream said it provides a free Greenlight plan tailored for enthusiasts and small businesses. 

This plan allows developers to create up to 1,000 on-demand nodes, with each node activating and staying operational as long as it’s in use by an end-user.

For larger enterprises requiring higher capacities, Blockstream offers customized pricing packages that include increased node limits and assurances of uptime and availability.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research Report Templates.png

Research

ZKPs enable efficient offchain transaction processing and validation, resulting in increased throughput and reduced fees. Solana's ZK Compression leverages ZKPs to minimize onchain storage costs, while Sui's zkLogin streamlines user onboarding by replacing complex key management with familiar OAuth credentials.

article-image

North Korea suspected in breach of Indian exchange’s multisig wallet

article-image

Plus, Sanctum’s CLOUD token has officially launched — but not without problems

article-image

It’s not yet clear whether Donald Trump is pumping bitcoin. But an unofficial memecoin is still seeing benefit.

article-image

StarkWare takes a step towards making StarkNet for Bitcoin

article-image

The numbers point to one conclusion: Risk is back, or at least it was during the first half of the year