Bitcoin-Backed LQWD Technologies Announces that Its Lightning Network Infrastructure Surpasses One Million Global Transactions
LQWD Technologies announces reaching one million transactions on its Bitcoin Lightning Network infrastructure, routing approximately 857 Bitcoin valued at CDN$50 million (US$37 million). The company experienced significant growth in 2024, processing about 643,000 transactions from January to October, compared to 112,900 in the same period of 2023. LQWD's revenue model involves deploying company-owned Bitcoin on its network to earn fees paid in Satoshis. With over 1,200 connected channels, LQWD-Canada ranks as the sixth-largest node globally.
LQWD Technologies annuncia di aver raggiunto un milione di transazioni sulla sua infrastruttura Bitcoin Lightning Network, instradando circa 857 Bitcoin del valore di 50 milioni di dollari canadesi (37 milioni di dollari americani). L'azienda ha registrato una crescita significativa nel 2024, elaborando circa 643.000 transazioni da gennaio a ottobre, rispetto alle 112.900 nello stesso periodo del 2023. Il modello di fatturato di LQWD prevede l'uso di Bitcoin di proprietà dell'azienda sulla sua rete per guadagnare commissioni pagate in Satoshi. Con oltre 1.200 canali connessi, LQWD-Canada si classifica come il sesto nodo più grande a livello globale.
LQWD Technologies anuncia que ha alcanzado un millón de transacciones en su infraestructura de Bitcoin Lightning Network, enrutando aproximadamente 857 Bitcoin valorados en 50 millones de dólares canadienses (37 millones de dólares estadounidenses). La compañía experimentó un crecimiento significativo en 2024, procesando alrededor de 643,000 transacciones de enero a octubre, en comparación con 112,900 en el mismo período de 2023. El modelo de ingresos de LQWD implica desplegar Bitcoin de propiedad de la empresa en su red para ganar tarifas pagadas en Satoshis. Con más de 1,200 canales conectados, LQWD-Canada ocupa el sexto lugar como nodo más grande a nivel mundial.
LQWD Technologies는 비트코인 라이트닝 네트워크 인프라에서 백만 건의 거래를 달성했다고 발표하며, 약 857 비트코인이 캐나다 달러 5천만 달러(미국 달러 3천7백만 달러)로 평가되고 있습니다. 이 회사는 2024년 동안 1월부터 10월까지 약 643,000건의 거래를 처리하면서 유의미한 성장을 경험했으며, 이는 2023년 같은 기간의 112,900건과 비교됩니다. LQWD의 수익 모델은 회사 소유의 비트코인을 네트워크에 배포하여 사토시에 의해 지급되는 수수료를 얻는 것입니다. 1,200개 이상의 연결된 채널을 보유한 LQWD-Canada는 전 세계에서 여섯 번째로 큰 노드로 평가받고 있습니다.
LQWD Technologies annonce avoir atteint un million de transactions sur son infrastructure Bitcoin Lightning Network, acheminant environ 857 Bitcoin d'une valeur de 50 millions de dollars canadiens (37 millions de dollars américains). L'entreprise a connu une croissance significative en 2024, traitant environ 643 000 transactions de janvier à octobre, contre 112 900 pour la même période en 2023. Le modèle de revenus de LQWD consiste à déployer des Bitcoin appartenant à l'entreprise sur son réseau pour percevoir des frais payés en Satoshis. Avec plus de 1 200 canaux connectés, LQWD-Canada se classe parmi les six plus grands nœuds au monde.
LQWD Technologies gibt bekannt, dass sie eine Million Transaktionen über ihre Bitcoin Lightning Network Infrastruktur erreicht hat und dabei etwa 857 Bitcoin im Wert von 50 Millionen kanadischen Dollar (37 Millionen US-Dollar) geroutet hat. Das Unternehmen verzeichnete 2024 ein erhebliches Wachstum und verarbeitete von Januar bis Oktober etwa 643.000 Transaktionen, verglichen mit 112.900 im gleichen Zeitraum 2023. Das Einnahmemodell von LQWD besteht darin, firmeneigene Bitcoin in ihrem Netzwerk einzusetzen, um Gebühren zu verdienen, die in Satoshis gezahlt werden. Mit über 1.200 verbundenen Kanälen belegt LQWD-Canada den sechstgrößten Knoten weltweit.
- Achieved milestone of one million transactions through its network
- 470% year-over-year growth in transactions (Jan-Oct 2024 vs 2023)
- Processed 857 Bitcoin worth CDN$50 million
- Ranked 6th largest node worldwide
- Network expansion to over 1,200 connected channels
- Currently earning only nominal fees per transaction
Vancouver, British Columbia--(Newsfile Corp. - November 20, 2024) - LQWD Technologies Corp. (TSXV: LQWD) (OTCQB: LQWDF) ("LQWD" or the "Company"), a leading provider of transaction infrastructure for the Bitcoin Lightning Network announces that the Company has routed one million transactions through its network, routing approximately 857 Bitcoin with a value of CDN
Since deploying LQWD's Bitcoin Lightning Network strategy in November 2021, the Company's transaction infrastructure continues to experience strong growth with exponential growth in 2024. From January 1, 2024, to October 31, 2024 LQWD facilitated approximately 643,000 transactions, compared to approximately 112,900 transactions for the same period in 2023. View LQWD's transaction statistics.
Shone Anstey, CEO of LQWD Technologies, commented, "Reaching one million transactions, with the majority occurring in 2024, highlights the exceptional work of our technical team, led by our CTO, Aziz Pulatov. We remain committed to expanding our services on the Lightning Network and supporting the global Bitcoin transaction ecosystem."
LQWD's revenue-generating model deploys Company owned Bitcoin on its network to earn fees, which are paid in Bitcoin, specifically in Satoshis (Sats) that are the smallest unit of Bitcoin (100 million Sats = 1 Bitcoin). Currently, the fees are nominal on a per transaction basis. However, there is potential for increase in future fees predicated on further adoption of the Lightning Network and LQWD's network continuing to scale.
LQWD has more than 1,200 connected channels, with channel growth continuing across the Company's globally connected network. The Company's primary node, LQWD-Canada, is ranked as the sixth-largest node worldwide.
About LQWD Technologies Corp.
LQWD Technologies Corp. is a Canadian-based, publicly traded company committed to expanding its Bitcoin Lightning Network transaction infrastructure and liquidity-on-demand services. Our infrastructure enables instant, low-cost, global internet-powered payments at scale. LQWD provides scalable solutions for the open payments market, delivering enterprise-grade infrastructure to support the rapid growth of the Lightning Network. LQWD is debt free, holding 141 Bitcoin with an ongoing Bitcoin accumulation strategy.
For more details, please refer to LQWD's corporate presentation and stay updated on our Lightning Network node growth or connect to the Company's nodes in real time.
For more information, contact:
Ashley Garnot, Director
Phone: 1.604.669.0912
Email: ashley@lqwdtech.com
Website: www.lqwdtech.com
X: @LQWDTech
Forward-Looking Statements
This release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the Company's industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230664
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