• Latest
Bitcoin’s Lighting ‘Torch’ Reignites, Blazes Through 38 Countries in 3 Days

Bitcoin’s Lighting ‘Torch’ Reignites, Blazes Through 38 Countries in 3 Days

January 22, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

Bitcoin’s Lighting ‘Torch’ Reignites, Blazes Through 38 Countries in 3 Days

coinnewsdaily by coinnewsdaily
January 22, 2020
in Tech
0
Bitcoin’s Lighting ‘Torch’ Reignites, Blazes Through 38 Countries in 3 Days
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Bitcoin’s lightning torch is back, and it’s zipped through at least 38 countries already.

The torch is a digital game first ignited in January 2019 by pseudonymous bitcoin enthusiast Hodlonaut, known for his Twitter avatar of a cat in a spacesuit. Each “torchbearer” sends a tiny amount of bitcoin to the next. A key rule is to add a little bit more money to the payment each time it moves to someone new.

The goal is to highlight the speed and global nature of the lightning network, a payment technology that could solve or at least greatly ease some of bitcoin’s most critical problems. Started on a whim for fun, the torch became a global event, even carried by Twitter CEO Jack Dorsey, showing how frictionless and indifferent to borders the form of payment is compared to legacy methods like Visa and Paypal.

On Sunday, Hodlonaut lit the torch again. Since then, many enthusiasts have been posting lightning “invoices” on Twitter to which the torchbearer can send the next lightning payment.

It’s moving around the world much faster the second time around, already reaching 91 people in three days.

“Made over 30 passes across the globe as I slept!” Hodlonaut said Tuesday morning.

Last time, it took longer than two weeks to get to 139 people in 37 countries. But the torch made some exciting stops on that tour. Despite worries about breaking U.S. sanctions, the torch made it to Iran last March. A group of Venezuelans received the torch with no electricity. In an interesting experiment, they powered their lightning node with a motorcycle battery.

The first torch fizzled out when it reached a hard-coded limit on how much lightning can be sent in a single payment. The cap is 4.29 million satoshis, the unit for one hundred millionth of a bitcoin. Developers could lift the cap (which works out to about $370 at current exchange rates) when they think the payment technology is secure enough.

Until then, Hodlonaut is eager to see how long the new torch lasts.

“How many sats before it breaks?” he tweeted, using the short form of “satoshis,”

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Credit: Source link

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
Tags: Crypto Tech
Share76Tweet47
Previous Post

Jack Dorsey’s Square Wins Patent for Fiat-to-Crypto Payments Network

Next Post

Crypto News Roundup for Jan. 22, 2020

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
MARKETS DAILY: Crypto News Roundup for Jan. 14, 2020

Crypto News Roundup for Jan. 22, 2020

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,566.00-0.89%
  • ethereumEthereum(ETH)$1,654.030.58%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$326.702.76%
  • rippleXRP(XRP)$0.412123-0.97%
  • cardanoCardano(ADA)$0.4005950.17%
  • dogecoinDogecoin(DOGE)$0.091598-3.11%
  • matic-networkPolygon(MATIC)$1.19-0.27%
  • okbOKB(OKB)$40.054.69%
  • solanaSolana(SOL)$24.49-2.34%
  • polkadotPolkadot(DOT)$6.591.62%
  • shiba-inuShiba Inu(SHIB)$0.0000122.52%
  • litecoinLitecoin(LTC)$98.96-2.12%
  • tronTRON(TRX)$0.0640851.05%
  • daiDai(DAI)$1.000.00%
  • cosmosCosmos Hub(ATOM)$14.44-2.24%
  • chainlinkChainlink(LINK)$7.14-1.55%
  • moneroMonero(XMR)$172.99-2.82%
  • leo-tokenLEO Token(LEO)$3.370.32%
  • ethereum-classicEthereum Classic(ETC)$22.480.09%
  • bitcoin-cashBitcoin Cash(BCH)$136.650.53%
  • stellarStellar(XLM)$0.091889-0.71%
  • filecoinFilecoin(FIL)$5.50-3.76%
  • crypto-com-chainCronos(CRO)$0.0807320.19%
  • algorandAlgorand(ALGO)$0.2582182.79%
  • vechainVeChain(VET)$0.024202-3.32%
  • internet-computerInternet Computer(ICP)$5.83-4.96%
  • aaveAave(AAVE)$89.071.35%
  • eosEOS(EOS)$1.07-0.78%
  • elrond-erd-2MultiversX(EGLD)$45.402.64%
  • theta-tokenTheta Network(THETA)$1.08-0.60%
  • tezosTezos(XTZ)$1.10-0.04%
  • huobi-tokenHuobi(HT)$5.8512.66%
  • paxos-standardPax Dollar(USDP)$1.00-0.03%
  • bitcoin-cash-svBitcoin SV(BSV)$42.63-1.73%
  • havvenSynthetix Network(SNX)$2.53-6.32%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.182.31%
  • dashDash(DASH)$61.28-2.77%
  • iotaIOTA(MIOTA)$0.232833-0.10%
  • neoNEO(NEO)$8.935.86%
  • makerMaker(MKR)$675.080.65%
  • zcashZcash(ZEC)$45.98-3.12%
  • zilliqaZilliqa(ZIL)$0.0285610.05%
  • basic-attention-tokenBasic Attention(BAT)$0.268854-1.48%
  • compound-governance-tokenCompound(COMP)$52.80-4.87%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • nemNEM(XEM)$0.038870-1.22%
  • kusamaKusama(KSM)$37.091.68%
  • sushiSushi(SUSHI)$1.5417.84%
  • bitcoin-goldBitcoin Gold(BTG)$16.94-1.87%
  • qtumQtum(QTUM)$2.75-0.34%
  • wavesWaves(WAVES)$2.61-0.38%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,720.962.48%
  • golemGolem(GLM)$0.2439390.03%
  • omisegoOMG Network(OMG)$1.460.09%
  • ontologyOntology(ONT)$0.214028-0.70%
  • digibyteDigiByte(DGB)$0.0109280.21%
  • umaUMA(UMA)$2.090.03%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%