Bitcoin gaming and payments company ZEBEDEE announced the launch of its"No Big Deal" nonprofit organization that aims to advance open-source Bitcoin development.
NBD comes out of the gate with several projects that deal with"hosted channels" on the Lightning Network, a layer 2 network that helps make bitcoin transactions faster and cheaper. Hosted channels are network connections that don’t require users to pony up bitcoins before making Lightning transactions.The NBD initiative will allow other Bitcoin developers to build their own software instead of relying on third-party, for-profit services, such as ZEBEDEE itself.
"NBD does not sell anything, it does not offer services, it does not support products. It just writes code and gives it to the world to do with it as they will," said Andre Neves, co-founder and chief technology officer of ZEBEDEE, in a press release provided to CoinDesk.NBD's first four projects deal with hosted channels. Over time, the organization's open-source development efforts will branch out to include other aspects of Bitcoin.