New Bitcoin App ‘Lightning Scratchcard’ Poses as Genius ‘Content-Paywall’ Option to ‘Scratch That Itch’

A cryptocurrency developer from France, Guillaume Verbal, has revealed a new and interesting way of paying for written content. The Bangkok-based developer believes that users can pay for the content they read paying letter after letter.

Lightning Application Allows Users To Pay The Letters They Read

The new application called Lightning Scratchcard will allow users to pay for written content in a very different way. Users can read one letter at a time and pay for them rather than paying for a whole article or a full monthly or yearly subscription.

This is a very innovative way to pay for content users to read online. The content creator has published a written piece on his website and that has set a funding goal. The funding goal is divided by the number of characters that the article has. Thus, each letter could eventually have a price of 1 Satoshi.

The application was released back on March 20 by Guillaume Verbal. As the author explained, users can contribute as little as 1 satoshi to reveal 1 letter and the money goes to the content writer using the Lightning Network (LN). The LN allows users to send and receive micropayments in Bitcoin without paying for large fees as it would happen with on-chain transactions.

On the matter, Guillaume Verbal explained:

“The concept is simple: You are a content writer that wan to get paid for your work. Login on the website, write a piece, set a funding goal like 0.1 BTC. Readers will each contribute a few satoshi to scratch letters for everybody.”

There have been some creators that have uploaded pieces of creative writing with Bitcoin-related content. Indeed, Satoshi Nakamoto’s white paper about the most popular digital asset has already been uploaded.

This is the first Lightning Application and the second submission made since he is participating in a year-long project called Bitcoin1212. This is a project that aims at launching 12 Bitcoin startups in 12 months. Although it seems difficult, the Bitcoin network has a large number of developers that are able to deliver interesting new solutions.

Verbal could certainly be launching another application for users to start trying the Lightning Network.

The LN is the ultimate scaling solution for Bitcoin that would allow the Bitcoin network to stop being congested during times when lots of transactions are processed. Indeed, at the end of 2017 and the beginning of 2018, Bitcoin transactions could take several hours to be processed and users had to pay large fees for these transactions to be approved.

There are several Bitcoin Lightning Network applications that have been developed by different enthusiasts to start using and implementing the Lightning Network. One of these applications is extension for web browsers that integrates with Twitter and allows individuals to process Bitcoin LN transactions. The app received support from Jack Dorsey, the CEO of Twitter.

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