LNbits is a free and open-source software that works with any Lightning Network funding source and offers a suite of extensions for both personal and business use cases.
In the years that followed, some of the brightest developers in the Bitcoin and Lightning space gravitated to LNbits, making contributions that would help put the project on the map.
The LNbits developer team is made up of an über-talented supergroup of developers who do groundbreaking work both together and on their own.
Arc, a Bitcoiner based in Wales, began working on the first LNbits project, a point of sale (PoS) extension for his friend Jörg Platzer, owner of the now-defunct Berlin-based Bitcoin bar Room 77.
The primary motivation behind LNbits is to reduce redundancy and ensure that developers do not have to replicate work when creating different versions of projects.
LNbits has since raised approximately $500k and is currently raising a $1 million seed round to help fund development.
Building LNbits organically has been far cheaper, and building it with the Bitcoin community in mind all along has had benefits, as it has helped stop bad decisions from being made.
LNbits has remained in beta for the past five years to ensure that the product is stable enough for people and businesses to rely on it in a professional capacity.
Arc wants to focus on getting version one live and then continuing to fine-tune it so people and businesses can rely on it in a professional capacity.
LNbits is limitless in its abilities and attracts brilliant developers who have created the earliest iterations of their revolutionary technologies.