On Tuesday, Jack Dorsey, one of the most well-known characters in Silicon Valley, just exposed his four million followers to Bitcoin (BTC) in a surprising turn of events. To the surprise of many, Dorsey, the incumbent chief executive of both Twitter and crypto-friendly Square, two technology upstarts valued at $54 billion collectively, publicly accepted a transaction via the Lightning Network.<\/p>\n
As Anthony “Pomp” Pompliano of Morgan Creek would fittingly say, “the virus is spreading.”<\/p>\n
As hinted at in recent NewsBTC<\/em> report<\/a>, Hodlonaut, a Lighting Network crusader and self-proclaimed \u201cHODLer,\u201d recently took to his Twitter page to start an interesting community-run initiative. Through the medium of a tweet, Hodl divulged that he wanted Bitcoin users to start a chain on the Lightning Network, whereas participants would send marginally more BTC with each so-called \u201chop.\u201d<\/p>\n While the enthusiast seemingly didn’t expect his little venture to garner much traction, it has. Over the past two weeks, Hodl’s grassroots idea,\u00a0which has been dubbed the “Trust Chain,” has been picked up by some of Crypto Twitter’s biggest stars. Pompliano, Klaus Lovgreen, John Carvalho, Marty Bent, leading Bitcoin evangelist Andreas Antonopoulos<\/a> and Elizabeth Stark of Lightning Labs, are among the mass of industry insiders that have picked up the so-called “torch.”<\/p>\n After receiving the torch, Matt Odell, a prominent programmer that has centered his efforts around Bitcoin, surprisingly asked\u00a0Jack Dorsey if he wanted to tout the torch next. And interestingly after a day of deliberation, Dorsey agreed, quickly pasting a Lightning Network invoice in response to Odell’s sudden inquiry.\u00a0Just like that, lightning struck, and Dorsey was sent 2.86 million satoshis (0.0286 BTC) for near-negligible fees and within seconds.<\/p>\n Minutes after Odell issued a transaction, Dorsey, took to his personal Twitter page, the first-ever account issued (understandably so), to tout the merits of Lightning Network, calling Trust Chain a “cool example” of the benefits of the scaling solutions. He also confirmed that he received the 0.0286 BTC, subsequently claiming that he would be handing it back to Elizabeth Stark for the next hop.<\/p>\n Cool example of #BitcoinTwitter<\/a> experimenting on the Lightning Network.<\/p>\n \ud83d\udd25 — jack (@jack) February 5, 2019<\/a><\/p><\/blockquote>\nRelated Reading:\u00a0Bitcoin Lightning Network Adoption Advanced by New Bitfury Product Suite<\/a><\/h6>\n
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\u26a1\ufe0fTorch received, now passing along to @starkness<\/a>! #LNtrustchain<\/a> https:\/\/t.co\/YVMAv62fCN<\/a><\/p>\n