Chaincode is a company geared towards the continued support and development of Bitcoin. They have made news before as they hosted a series of residency programs between 2016 and 2018. These were successful programs that took place over a string of days. They were hosted with each program focusing on the development of a certain aspect of Bitcoin. This has ranged from the BTC protocol, to now, with the Lightning Network.
Taking place in New York between October 22nd and October 26th, the program will be hosted with a focus on Lightning Network application development.
With the Lightning Network seeing a huge amount of progress over the course of 2018, it was only a matter of time before Lapps became a focus. What this means is that although there is still work to be done on the protocol, it is now functioning at a level where a residency such as this can take place. We have arrived at a state of functionality that will facilitate Lapp development.
Speaking with CoinDesk, Chaincode engineer Marco Falke stated, “There aren’t many apps and you can’t go into a shop and pay with bitcoin. There’s all this missing infrastructure. We thought it would be great to get some app developers involved that have experience building websites, but don’t have to have any background in bitcoin or lightning.”
As of now there are painfully few Lapps available. This is simply a sign of the infancy of the second layer solution. There, however, have been those outside of Chaincode attempting to change this. For example, www.satoshis.place is a site containing multiple fun games based on the Lightning Network.
Chaincode has made this residency open to any person with experience in app development. They are looking to bring exposure to the Lightning Network and Bitcoin as a whole.
Chaincode has provided a website to visit for anyone interested in participating. Found at www.lightningresidency.com, the website will provide any and all details one would want regarding the program.
The residency will run for the duration of a week. Participating developers will be invited to complete a working prototype of a real-world Lapp. This work will be presented upon completion of the camp. The prototypes have no restrictions. They may take the form of a game, financial aid, or anything that can be dreamt of.
Participants will be treated to a variety of guest speakers. The impressive lineup of speakers contains experts from various fields related to the Lightning Network.
The End Goal
Also speaking with CoinDesk, Chaincode engineer Jamie O’Beirne touched on a main driving force behind the residency. He stated, “A lot of people outside of bitcoin don’t understand it’s capabilities, including lightning. By facilitating app development we’re spreading awareness of what bitcoin is actually capable of…people have turned to other smart contract platforms because they don’t understand how powerful bitcoin can be.”
Whether through a residency such as this or another means, what he stated rings true. Despite all of the progress made within the industry, there are many (including governments and authorities) that still associate blockchain with nefarious activities. Even those within the industry have begun exploring alternative offerings for platform development. In the end, the more development we see like this, the better the future of crypto.