<p>Square Crypto has awarded a new grant to Talaia Labs, which is building bitcoin’s Lightning Network watchtower called The Eye of Satoshi.</p> <p>The grant amount is $100,000, Talaia Labs CEO Sergi Delgado told The Block. He added that the funds would be used “exclusively for Bitcoin development, with a current focus on the watchtower.”</p> <p>Watchtowers are third-parties that <a href="https://blockonomi.com/watchtowers-bitcoin-lightning-network/">monitor</a> the bitcoin blockchain for discrepancies between on-chain transactions and closing off-chain channels with invalid states. Square Crypto <a href="https://twitter.com/sqcrypto/status/1267493740417089536">said</a> The Eye of Satoshi monitors blockchain transactions “to protect you from peers closing the channel and taking your coins.”</p> <p>It went on to say that Talaia also "improves censorship resistance by making certain attacks harder,” and that it will integrate with several Lightning Network implementations.</p> <p>Notably, Square Crypto recently unveiled its own Lightning Development Kit — to help developers integrate the Lightning Network with their bitcoin wallet applications.</p> <p>The latest grant marks Square Crypto’s sixth grant. The firm has <a href="https://www.theblockcrypto.com/linked/57854/two-more-bitcoin-developers-receive-grants-from-square-crypto">previously offered</a> donations to bitcoin developers Jon Atack and Tankred Hase, pseudonymous bitcoin Lightning Network developer “ZmnSCPxj” and the BTCPay Foundation.</p>