#Twitter CEO Jack Dorsey has announced his new #crypto project.
#Square, directed by Jack Dorsey, is embarking on a new project. The participants of the project, which will be open source and decentralized, have also been announced. This step taken by the company to develop the cryptocurrency ecosystem was announced before the July 21 The Bitcoin Word event.
⚡Square and Partners to Provide Decentralized Financial Services⚡
The focus of the project, which will be developed in partnership with #CashApp, #Seller and #Tidal, will be #Bitcoin. The project, which will provide decentralized financial services, will be completely open source and decentralized. Everything, including the development process of the platform to be created, will be open to the public. In other words, the source code of the project can be accessed via GitHub. The company's #Lightning #Development #Kit (#LDK) will be actively used in the project.
The development team, led by Mike Brock, will soon announce their #GitHub address. Square will be a partner in the project, but it will not have a serious impact. In other words, we can say that it will be a financial supporter.
The term “decentralized” is used for the project, which will be completely open source. It is not yet known how Jack Dorsey will decentralize the project. In the statement just made by Jack, it is mentioned that a separate Twitter account and GitHub profile will be created for the project. From here, developments will be shared with the community frequently.
✅Square and Jack Dorsey✅
Jack, who is literally a Bitcoin fan, is doing serious work in this area. The Bitcoin Word event, which will be held next week, is also led by Square and Jack Dorsey. Dorsey, who said he wanted to be a Bitcoin developer at the Miami 202 event, even stated that he could leave Twitter and Square management if needed.
Dorsey, who invited #Tesla CEO to The Bitcoin Word event to deal with #Elon #Musk speculation and save Bitcoin from pressure, received a positive response. Difficult days await Dorsey, who will discuss with Elon Musk at the event next week. If Musk can be persuaded, Tesla can start Bitcoin payments again and Musk, who has become the trigger for the price, can push the price up again.
The fact that Sqaure is entering the decentralized crypto finance business after its rival crypto wallet to Ledger signals that many more projects can be implemented through this company in the future.