There has been quite a lot of significant development and growth for the Bitcoin Lightning Network recently. The introduction of the Lightning Network has been getting more and more traction because of the increasing support for an improved rate of adoption.
The CEO of Binance, Changpeng Zhao is known for being very vocal about what is going on in with the exchange on his Twitter. CZ recently tweeted his support for the integration of the Lightning Network saying:
Pizza for Valentine's? Maybe not today, but certainly tomorrow and onwards. It's spreading. https://t.co/fa2dqHy9tT— CZ Binance (@cz_binance) February 14, 2019
The wider adoption of the Bitcoin Lightning Network has been helped thanks to the ‘Lightning Torch’ which is a social experiment which has garnered a lot of attention for the network.
According to the networks developers, Bitcoin’s LN offers some significant improvements over major issues that affect the common payment systems. The idea of the Lightning Network is to allow users to transfer capital around the world without the involvement of a third party which is different to PayPal or MasterCard.
Thanks to Twitter, the experiment seems to have caught some fire and people are passing on the torch payment from one person to another after adding 10,000 satoshis to the payment before carrying it on to the next person.
As reported by AMB Crypto, “the experiment has got a lot of high-profile personalities to participate in the BLT [Bitcoin Lightning Network] experiment, including the CEO of Twitter, Jack Dorsey who openly participated and by extension, promoted the Bitcoin LN. Jack Dorsey had recently dubbed Bitcoin as the future “native currency” of the internet.” In regards to the experiment, Dorsey said that it was a cool example of #BitcoinTwitter experimenting on the Lightning Network. The CEO then went on to pass the torch to a Twitter user with the handle @starkness.
The Lightning Torch passed along to Changpeng Zhao to Justin Sun and even Erik Voorhees who says he is currently thinking of the next target.
This is a lively social experiment for the crypto space and it seems to be going well so far!