Stone Ridge to Launch Lightning Network Startup Accelerator

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Asset management company Stone Ridge has announced the launch of a new program to support blockchain startups.Companies developing solutions on the Lightning Network can get into the accelerator.

The program is called Wolf and is already accepting applications fromEach team that enters the program will receive $250,000, as well as various consultations fromemployees of Stone Ridge and its subsidiary NYDIG, which providesFor institutional clients, bitcoin investment services.

Also, within the framework of the accelerator, other venture and cryptocurrency companies can offer their help and funding.In addition to developing a scaling solution for the Lightning Network, the program canParticipate developers of solutions for the Taro protocol.

There will be four stages of the accelerator during the year, the first one should start in April next year.After completing each stage of the program and demonstrating their project, the team recognized as the best will receiveAn additional $500,000 in funding.

A Turkish developer created and executed a complex transaction on the Bitcoin blockchain that disabled most of the nodes of the Lightning Network.