Bitcoin Lightning Network’s Tippin.me App Downloaded 13,000x After Jack Dorsey’s Twitter Endorsement
The Lightning Network (LN) tipping service called Tippin.me has been downloaded 13,000 times after Jack Dorsey, the CEO of Twitter, endorsed it a few weeks ago. During a conversation with Decrypt, Sergio Abril, the founder of the Tippin.me platform explained that they’ve gained “serious” traction since Jack Dorsey publicly commented about the application.
— jack 🌍🌏🌎 (@jack) February 20, 2019
Tippin.me is an extension for Google Chrome and Firefox that allows individuals to send tips to other users through the Lightning Network.
Although 13,000 seems a small number of individuals compared to the ones that large companies from Sillicon Valley have, the Lightning Network is still in its infancy. At the moment, the Lightning Network, run by 3,500 nodes, is only able to handle less than $3 million worth of Bitcoin.
The Lightning Network (LN) is currently expanding and growing. The main intention behind it is to improve Bitcoin scalability. Back in December 2017, Bitcoin’s network was so congested that each transaction could take several hours to be processed and users had to pay large sums of money (even $50) to process a transaction.
With the LN, the Bitcoin network would be able to process hundreds of thousands of transactions per second and for very low fees. Thus, it would help Bitcoin be adopted by several companies and individuals around the world.
At the moment, Abril is working in order to improve the application and enhance the features that it has. He is also trying to be compliant with local regulations and is also setting up a business plan. Moreover, Abril is also working so as to solve some of the bugs that the application has.
In the beginning, when several users downloaded and tried it, the servers started to work laggy and some users had some issues with the application.
There are some other tip bots on Twitter such as the one released by Wietse Wind. This, instead of using the Lightning Network, uses the Ripple network and it allows individuals to tip each other with the XRP digital asset.
Tippr is the Bitcoin Cash (BCH) tip bot that has been promoted by the BCH community.