Five Major Bitcoin Companies That You Should Know About

May 26, 2020, by Maayan
Even though Bitcoin is primarily supported by a community of independent developers, there are also several companies that contribute to Bitcoin’s larger ecosystem.

These are five companies that you should know about:

1. Blockstream.

Blockstream produces the Liquid Network, a Bitcoin sidechain that allows for faster, cheaper, and more private Bitcoin transactions. Several major crypto exchanges and institutions use the Liquid Network to power their Bitcoin-related activity.

2. Lightning Labs.

This company develops the Lightning Network, a network of payment channels intended to make small micro-transactions faster and cheaper. Lightning is aimed at merchants and individual Bitcoin users―not just exchanges.

3. Square Crypto.

Square is a payments company led by Jack Dorsey, the founder and CEO of Twitter. Last year, Square created a division dedicated to Bitcoin. It is currently working on a development kit for the Lightning Network, and it has funded a project called BTCPay.

4. Bakkt.

Bakkt is a company that offers Bitcoin futures, a special type of investment contract. Though these contracts do not always make direct use of Bitcoin, Bakkt has succeeded in bridging Bitcoin investment and mainstream finance. Bakkt is also notable because it is operated by ICE, the parent company of the New York Stock Exchange (NYSE).

5. Bitmain.

Bitmain is the world’s largest manufacturer of ASIC mining devices, which are a necessity for anyone who wants to earn Bitcoin on their computer. The company also owns and operates two mining pools, and Antpool, which allow miners to “pool” their efforts.

As an end user of Bitcoin, you might not notice the work that has been done by these companies. Nevertheless, they may be powering your Bitcoin experience at a deeper level.

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.