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.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide