Bitcoin's (BTC) Lightning Network torch is back in full glory and has already spread to 38 countries.
Bitcoin's (BTC) Lightning Network torch is back in full glory and has already spread to 38 countries. This activity, known as the Bitcoin torch or Lightning torch, is actually a study to increase BTC network-based micro payments.
Hodlnoaut Lit The Bitcoin Torch
Launched in January 2019 by Twitter user Hodlonaut, the project aims to increase awareness and use of the Lightning Network. Each user sends the Bitcoin balance, which is sent to him by someone else using the Lightning Network, to the next person with very little added on it. The rule here is to add a little more BTC each time and send it to someone else of his choice.
That chain reaction, which earned Lightning Network incredible recognition in 2019, had reached as far as Twitter CEO Jack Dorsey. The initiative, which Dorsey also participated in, actually proved to everyone how quickly and even in small amounts Bitcoin-based payments can be made.
Hodlonaut lit the torch again last Sunday. Since then the torch has reached many people and has already passed through more than 38 countries, as can be seen from the map on the tweet below. Hodlonaut said Tuesday that after he slept and woke up, he saw it come and go from more than 30 countries.
Last year, the event reached 139 different people from 37 different countries.