Pierre Rochard announces via Twitter the development of an Excel plug-in for the Lightning Network (LN). The application is mainly aimed at intensive Excel User in the financial sector and could increase the popularity of the network.
In the crypto-scene, Pierre Rochard is a well-known Name. The Canadians moderated in collaboration with Michael Goldstein the „Noded Bitcoin Podcast“, and supplies Hodl Material for Bitcoin Maximalists.
in addition to this activity, Rochard is also active as an independent Advisor to institutional investors and operates the platform bitcoinadvisory.com.
Via Twitter, he announced the development of an Excel plug-in, which users is the Integration of the Lightning Network in the Office allows the application.
The LND node software now runs from *within* the Excel plug-in. With neutrino, that means that a Windows + Excel user can be making and receiving LN payments with a few clicks. https://t.co/qeP2dCJSqp
Pierre Rochard [⚡love it.] (@pierre_rochard) October 24, 2018
How does it work?
About the functionality of the plug-in is not much known. The Tweet suggests that the Lightning-Integration is made possible using a plug-in called „Neutrino“. On Windows computers, users could perform Bitcoin payments via MS Excel.
Rochard also refers to a Tweet from the 12. October, 2018, in which he emphasized the importance of Microsoft Excel for the financial industry:
Reality: 99.99% of finance and accounting has Excel on their desktop. They send the most pmts
The user interface of the open, decentralized finance is @msexcel. A plugin is table-stakes for any crypto project.
Integrating with @lightning’s gRPC API using C# is a joy!#DeFi #BUIDL pic.twitter.com/cpcoFmbL8X
Pierre Rochard [⚡love it.] (@pierre_rochard) October 13, 2018
The new Plugin is, consequently, not to the General mass, but, above all, to „Excel power user“, as he puts it, under the original tweet.
The end of Bitcoin-scaling debate?
The Lightning network is currently the most promising solution to the long-lasting scale debate. In the LN it is a so-called „Second Layer Network“. Transactions must therefore be recorded directly on the Bitcoin Blockchain, but can circulate indefinitely within the network.
The network is still in its infancy. Therefore, the user numbers are in spite of rapid growth, is still low. This could change as a result of practical applications such as the Excel plug-in however, fast. In this context, we have already reported about the announcement of the web conference, W3C, to work on Lightning-browser applications.
the function of The LN in Detail, we explain here.