Jack Dorsey, the CEO of Twitter, has participated in a trust-based game being run on Bitcoin’s layer-two scaling solution, the Lightning Network.
The game was first started by tippin.me user hodlnaut, who suggested passing funds from user to user based on trust through Twitter, with 100,000 satoshis to start off, and 10,000 being added to the chain at every step of the way.
Some LN fun..
– I send 100k sats with https://t.co/va7XSnFii0 to the first person I choose to trust that replies to this.
– That person adds 10k sats and sends 110k to someone (Either from reply to a new tweet, or this thread)
.. and so on
How many sats before it breaks?
— hodlonaut (@hodlonaut) January 19, 2019
The goal of the game is to spread awareness of the technology, which is seen by most as the future for the cryptocurrency space as on-chain scalability solutions are seen as inefficient. By the time the chain reached Dorsey, it amounted to roughly 2,860,000 satoshis – almost $100 in fiat.
It reached Dorsey after crypto podcast host Matt Odell tweeted at him asking if he was “ready to carry the torch,” and requesting a LN invoice if so. Unexpectedly, Dorsey ended up responding to the tweet with an invoice.
— jack (@jack) February 5, 2019
Dorsey – who is also the CEO of payments startup Square – didn’t keep hold of the funds for long, as he quickly passed them on to Elizabeth Stark, the CEO of Lightning Labs to continue the chain.
Dorsey himself is a long-term advocate of Bitcoin, believing that it will become the internet’s “native currency.” He is also an investor in Lightning Labs.
The post Twitter CEO Jack Dorsey carries the Lightning Network torch appeared first on CryptoNewsReview.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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