Summary: Jack Mallers is a prominent figure in the cryptocurrency industry, particularly in the Lightning Network community. He is known for his work on developing Strike, a payment processing platform that uses the Lightning Network to enable instant, low-cost transactions.
Aside from his work with Strike, Mallers is also involved in other ventures related to the Lightning Network, such as Zap, a Lightning wallet and development platform. His estimated net worth of $20 million USD is a testament to his success and influence in the cryptocurrency industry.
Who is Jack Mallers?
Born in Chicago, Illinois, Jack Mallers is a world-renown software developer and investor that is leading Bitcoin scaling through his companies Strike and Zap. These platforms are enabling the scaling of Bitcoin through the 'Lightning Network' which creates peer-to-peer payment channels for Bitcoin.
Jack Mallers was born on April 9, 1994 making him one of the youngest entrepreneurs in the digital asset ecosystem. Jack was inspired by his father who was also a highly regarded computer scientist and helped him build his start-up in the initial stages.
How did Jack Mallers build his Net Worth?
Jack Mallers was relatively early to Bitcoin, so he was able to bootstrap his net worth by buying BTC when it was around $250. He was then able to raise over $100m through his company Strike from other Bitcoin investors who have a vested interest in scaling BTC.
Jack also built his net worth by investing in large digital asset funds like Pantera Capital and Anthony Pompliano's investment fund. He is able to get access to these investments thanks to his good reputation in the Bitcoin community, which is highlighted by his over 320,000 followers on Twitter @jackmallers.
What is Strike?
Strike is a Lightning Network solution that Jack Mallers' founded in 2017. The company is based out of Chicago and has raised over $100 million from some of the biggest names in Bitcoin.
The Strike app allows users to buy, sell, and hold Bitcoin with ease as well as sending BTC via the Lightning Network. The app is available on iOS, Android, and Desktop.
What is the Lightning Network?
The Lightning Network is a second-layer scaling solution that enables fast, cheap, and private Bitcoin transactions. The network is made up of user-generated payment channels which allow for near-instant BTC transfers.
Jack Mallers has been a key player in the Bitcoin community since early 2017 and is now estimated to be worth around $20 million. With his companies Strike and ZAP, Jack is helping to scale Bitcoin by taking advantage of the Lightning Network technology. It will be interesting to see how he continues to shape the future of digital currency adoption.