VANCOUVER, BC, Oct. 5, 2023
/CNW/ - Bitcoin Lightning Network Service Provider,
LQWD Technologies Corp. (TSXV: LQWD) (OTC: LQWDF) ("LQWD" or the
"Company") announces that it is leveraging artificial intelligence
("AI") technology to optimize and automate the Company's Lightning
Network channels for peak performance and efficiency.
After nine months of collecting data from LQWD's nodes
throughout eighteen countries and combining TensorFlow Framework
with Nvidia's AI technology, LQWD's team is capturing the
significant potential of AI technology. Since implementing AI
technology and Framework combined, the Company's LQWD-Canada node has increased its channels by
4500% and is now ranking amongst the top nodes on the entire
Lightning Network.
LQWD's data driven models provide deep insights into the rapidly
adopting Lightning Network, for channel openings, channel
imbalances and rebalancing, and network fees. These invaluable
insights enable the generation of intelligent software to
prioritize efficient node management and to ultimately drive
transaction growth.
LQWD's CEO, Shone Anstey, comments "With the integration of AI
technology, LQWD solidifies its position as a trailblazer in the
Bitcoin Lightning Network community. This advancement
in operations has pushed the LQWD-Canada node to a top 5 ranking of nodes on the
Lightning Network. We will continue to leverage AI-powered
automation to promote transaction growth."
Real-time tracking of LQWD's nodes transaction volume and
connection to our global routing nodes can be accessed on our
website: https://lqwdtech.com/node-stats/.
About LQWD Technologies
LQWD is a Lightning Network Liquidity Provider focused on
developing payment infrastructure and solutions accelerating the
global mega trend of Bitcoin adoption through the
Lightning Network. LQWD also owns Bitcoin that is used
as an operating asset establishing nodes and payment channels on
the Lightning Network.
Forward-Looking Statements
This news release contains "forward-looking information"
within the meaning of applicable securities laws relating to the
Company's business plans and the outlook of the Company's industry.
Although the Company believes, considering the experience of its
officers and directors, current conditions and expected future
developments and other factors that have been considered
appropriate, that the expectations reflected in this
forward-looking information are reasonable, undue reliance should
not be placed on them because the Company can give no assurance
that they will prove to be correct. Actual results and developments
may differ materially from those contemplated by these statements.
The statements in this press release are made as of the date of
this release and the Company assumes no responsibility to update
them or revise them to reflect new events or circumstances other
than as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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content:https://www.prnewswire.com/news-releases/lqwd-unlocks-lightning-network-channel-growth-utilizing-high-impact-ai-technology-301948311.html
SOURCE LQWD Technologies Corp.