The cryptocurrency and Bitcoin community is filled with excitement as the chief executive officer of Twitter, Jack Dorsey shows his support for the Bitcoin lightning network’s project (LN).
The co-founder of the social media platform has joined a community project illustrating the functionality of Bitcoin’s (BTC) second-layer scaling protocol. Although the trail program started on January 2019, he joined in on 5th of February.
The trail which was created based on the Olympic flame, “Lightning touch”, supports a carefully executed series of transactions on the second layer of Bitcoin scaling protocol. The people that are taking part are to pass on the touch using the #LNtrustchain. It demands a user to receive a transaction and adds a nominal amount of about 10,000 satoshis to it before sending to another trusted person. The torch currently contains around 3 million satoshis (about $98.60).
Jack Dorsey – who is also the CEO and founder of Mobile Payments Company Square, has shown support for bitcoin before and has actually taken into account that Bitcoin has the ability to become the de facto currency of the internet.
In a recent interview with cointelegraph, Dorsey declared his beliefs on bitcoin being the internet’s native currency.
“[Bitcoin] was something that was born on the internet, that was developed on the internet, that was tested on the internet…It is of the internet.”
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