LQWD Unlocks Lightning Network Channel Growth Utilizing High-Impact AI Technology

Rhea-AI Summary

LQWD leverages AI technology to optimize Lightning Network channels

Positive

• LQWD-Canada node increases channels by 4500%
• LQWD ranks among top nodes on Lightning Network

Negative

• None.

VANCOUVER, BC, Oct. 5, 2023 /PRNewswire/ - Bitcoin Lightning Network Service Provider, LQWD Technologies Corp. (TSXV: LQWD) (OTC: LQWDF) ("LQWD" or the "Company") announces that it is leveraging artificial intelligence ("AI") technology to optimize and automate the Company's Lightning Network channels for peak performance and efficiency.

After nine months of collecting data from LQWD's nodes throughout eighteen countries and combining TensorFlow Framework with Nvidia's AI technology, LQWD's team is capturing the significant potential of AI technology. Since implementing AI technology and Framework combined, the Company's LQWD-Canada node has increased its channels by 4500% and is now ranking amongst the top nodes on the entire Lightning Network.

LQWD's data driven models provide deep insights into the rapidly adopting Lightning Network, for channel openings, channel imbalances and rebalancing, and network fees. These invaluable insights enable the generation of intelligent software to prioritize efficient node management and to ultimately drive transaction growth.

LQWD's CEO, Shone Anstey, comments "With the integration of AI technology, LQWD solidifies its position as a trailblazer in the Bitcoin Lightning Network community. This advancement in operations has pushed the LQWD-Canada node to a top 5 ranking of nodes on the Lightning Network. We will continue to leverage AI-powered automation to promote transaction growth."

Real-time tracking of LQWD's nodes transaction volume and connection to our global routing nodes can be accessed on our website: https://lqwdtech.com/node-stats/.

About LQWD Technologies

LQWD is a Lightning Network Liquidity Provider focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through the Lightning Network. LQWD also owns Bitcoin that is used as an operating asset establishing nodes and payment channels on the Lightning Network.

Forward-Looking Statements 

This news 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.

View original content:https://www.prnewswire.com/news-releases/lqwd-unlocks-lightning-network-channel-growth-utilizing-high-impact-ai-technology-301948311.html

SOURCE LQWD Technologies Corp.

FAQ

What technology is LQWD using to optimize its Lightning Network channels?

LQWD is using artificial intelligence (AI) technology.

What is the impact of AI technology on LQWD's channels?

The channels on LQWD's LQWD-Canada node have increased by 4500%.

How does LQWD rank among other nodes on the Lightning Network?

LQWD is now ranking among the top nodes on the entire Lightning Network.

How can I track LQWD's transaction volume and connection to global routing nodes?

You can access real-time tracking on LQWD's website: https://lqwdtech.com/node-stats/

What is LQWD's focus as a Lightning Network Liquidity Provider?

LQWD focuses on developing payment infrastructure and solutions to accelerate Bitcoin adoption through the Lightning Network.

Are there any forward-looking statements in the news release?

Yes, the news release contains forward-looking information about the Company's business plans and industry outlook.

Is there a disclaimer regarding the expectations in the forward-looking information?

Yes, the Company cautions that the expectations may not prove to be correct and actual results may differ.

Is the news release from a reliable source?

Yes, the source of the news release is LQWD Technologies Corp.