USERS ARE PASSING A BITCOIN ‘LIGHTNING TORCH’ PAYMENT AROUND THE WORLD

Story by: ESTHER KIM

Dubbed ‘Lightning Torch,’ the initiative involves passing a lightning payment between nodes, with each receiving user adding 10,000 satoshis ($0.34) and passing on to a new node.

Since its debut January 19 from the user known as hodlonaut, the Torch has gathered a total of 2.3 million satoshis ($78.30).

Hodlonaut originally used Lightning Network-based tipping service tippin.me to send the first transaction, describing it as “fun” while explaining the process:

– I send 100k sats with http://tippin.me to the first person I choose to trust that replies to this.

– That person adds 10k sats and sends 110k to someone (Either from reply to a new tweet, or this thread)[.]

hodlonaut

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