The ‘Lightning Torch’ initiative is steadily gaining momentum as more and more industry proponents get on board. Lastly, the CEO of Binance – the world’s largest cryptocurrency exchange, has been the one to ‘get’ the torch. Will Elon Musk Follow?
Lightning Torch in Changpeng Zhao
The ‘Lightning Torch’ as the initiative was dubbed, is a very interesting concept which began a few weeks ago. It’s intended to promote the capabilities of the Lightning Network – bitcoin’s scaling solution.
The initiative involves users passing on between each other a lightning payment. The payment started at 10,000 satoshis as user hodlnaut was the first one to start on January 17th. Every next receiving node has to add 10,000 satoshis before passing it on, and so forth.
The last one to receive the torch was no other but Changpeng Zhao – the CEO at Binance.
He had to issue an invoice for 3,210,000 satoshis, which is around $116 at the time of this writing. It goes to show how quickly the initiative gained popularity.
Apparently, I hold the torch now.
I must say, it feels very cool in my virtual hand. 🙂 Who should I send it to next?
— CZ Binance (@cz_binance)
It’s also worth noting that the Lignthing Network has most definitely garnered serious gains in the last month. It has reached a total network capacity upwards of 655 BTC and more than 6,100 active nodes. These represent serious increases.
Will Elon Musk Follow?
There have been many industry proponents who’ve carried the torch so far. One high-profile individual who took it, however, was Twitter’s CEO, Jack Dorsey.
Charlie Lee, the founder of Litecoin, also expressed interest to take it “off” Zhao’s hands if “no one wants it.”.
However, Zhao has responded that he wants to “harras brother Elon Musk a bit more” and that Lee will surely get it eventually.
Another interesting suggestion of who to bear the torch next included TRON’s Justin Sun.
Who do you think will carry the LN Torch next? Don’t hesitate to let us know in the comments below!
Published at Mon, 11 Feb 2019 17:00:10 +0000
