The Passing of the Lightning Torch Reaches Final Destination, After Growing to Over $2,000

    The “torch” of the Lightning Network was publicized several months ago, as Twitter users around the world passed along small amounts of Bitcoin between each other to show how far the network could go.

    The experiment was initiated by Hodlonaut, an anonymous user on Twitter, as a way to show how the network works.

    On April 10th, Bitcoin Venezuela posted a tweet that the Lighting Torch had finally reached where it was supposed to go, and the BTC accumulated in the process (0.4108021 BTC) has been donated to the organization. The current value of the contribution is over $2,000.

    According to reports, Bitcoin Venezuela is the driving force behind “Bitcoin for Venezuela,” which is a humanitarian initiative that had been supplying meals during a massive power outage. The organization appears to have ties to the Locha Mesh Network development project too, which works on the creation of inexpensive and DIY devices that can keep up a decentralized and independent network.

    With this kind of network, it is possible for the users to communicate with a secure connection and to send Bitcoin with no connection to the internet.

    In recent news, the individual that appears to be roped in with a conflict with Craig Wright, the main proponent of Bitcoin Satoshi Vision. Much of the drama is around Wright’s claims that he is Satoshi Nakamoto, the creator of Bitcoin, and that Hodlonaut has stated his own “evidence” to the contrary.

    On April 11th, Wright even issued a bounty of $5,000 to find the identity of Hodlnaut in response to the latter’s “highly defamatory and abusive tweets” regarding Wright. In the same day, Changpeng Zhao of Binance stepped into the conversation as well, saying that his platform will delist BSV if his conduct continues to be so aggressive.

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    Krystle M
    Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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