Lightning Network users are now able to relish a bit of gambling. Lightning Spin, a LN-based roulette platform made a public release last week whereby all indications were that more developers are joining the space. The Lightning Network Apps (Lapps) has in the recent past been instrumental in adopting this new platform. This will definitely hit a cord with people who enjoy the LN and gambling.
Rui Gomes, the Lapps developer, officially pronounced the new platform via twitter. Apparently, Rui, who is based in Portugal, is also the brains behind OpenNode, a platform acclaimed to be the world’s pioneer multifaceted BTC payment processor, which is specially created for merchants.
According to Rui, the Lightning Spin is an exciting Bitcoin gambling game that lives on top of the lightning network. Users have the opportunity to spin the wheel and increase their Satoshis. As a user, you also have the privilege of doing instant deposits as well as making withdrawals.
In his views, Rui clarified that many people have disapproved BTC simply due to the fact that it is no longer possible to use it for quick micropayments. This is against the initial intention of Satoshi Nakamoto, who came up with the crypto to assist people to make micropayments. Rui also clarifies that even though he is the pioneer of Lightning Powered gambling platform, he however presumes that it will not be the last one.
Currently, the platform has started registering a beehive of activity. In the platform’s first 24 hours of activity, over 4,800 invoices were created, with 813 LN transactions. This resulted in slightly over three million Satoshis being paid out. The platform has also registered 183 visits, with over 2,900 spins being reported.
As a user, the platform permits you to wager between 1,000 Satoshi to 100,000 Satoshi per round. All that you require to play the game is to make deposits using a wallet service with the support of Lightning Network like Éclair. You can decide to select the multiplier you need to wage at.
This implies that in case you wager 1,000 Satoshis with a multiplier effect of 5, you are likely to win or lose five thousand Satoshis, depending on the results. In case of a success, you can withdraw your rewards through the Lightning Network. However, in order to effectively execute this, your wallet ought to be in a position of coming up with an invoice.
More Lightning To Come
This innovative app by Rui is just one of the several new platforms based on the principle of micro-transaction capacity of the LN. The month of June saw the introduction of many Lapps including Satoshisplace, which is an LN that is powered by whiteboard. Additionally, Poketoshi was also designed.
The introduction of the LN has been instrumental in granting Bitcoin users the initial intention for which it was invented, which was to enable quick micropayments. In view of this development, a flood of new Lapps are likely to join the cryptospace even as LN nears completion.