Jack Dorsey Hints at Lightning Community Integration on Twitter – Bitcoin Information

Jack Dorsey, CEO of Twitter, hinted at the potential for integrating Lightning Community into Twitter yesterday. Dorsey answered a Tweet of a follower saying it was “only a matter of time” for this to be a reality. Dorsey is an enormous Bitcoin proponent and has prolonged Bitcoin performance to a different of his corporations, Sq..

Jack Dorsey Hints at Twitter/Lightning Community Integration

Jack Dorsey hinted yesterday at the potential for integrating Lightning Community into Twitter. Dorsey stated it was “solely a matter of time” for this to occur, answering a follower’s tweet. Apparently, the dialog began round an app referred to as Sphinx. The app makes use of Lightning Community as a method of relaying messages between a set of customers and for funds.

Lightning Community is a second layer protocol for cost facilitation in Bitcoin. It was designed in 2016 as a method of reaching scalability for micropayments. Nevertheless, creating the community idea in the true world took a while. Now there are Lightning Community implementations which can be principally purposeful, albeit with some limitations.

The mixing nod may imply a couple of may suppose. Bluesky, the decentralized social media protocol Twitter is constructing, may embody Lightning Community as greater than a cost methodology. In the identical method Sphinx chat is utilizing it, it may very well be leveraged to turn into the spine of a brand new structure. This might additionally assist with the invention of decentralized options to censorship issues. Twitter banned former President Trump final yr, for instance, awakening worries concerning the unchecked energy of the platform.

‘Solely a Matter of Time’

This isn’t the primary time Dorsey has made such an announcement. Again in 2019, the entrepreneur hinted on the integration of Lightning Community for Money App. Money App is a service offered by Sq., that permits prospects to purchase Bitcoin straight. The reference was made in a podcast together with Elizabeth Stark, CEO of Lightning Labs. Nevertheless, the corporate has nonetheless not built-in Lightning Community into the app.

On the contrary, Money App elevated the minimal bitcoin withdrawal restrict from 10Okay to 100Okay satoshis final April, in keeping with Bitcoin Journal. Nonetheless, Bitcoin is an enormous factor of Dorsey’s corporations and that is unlikely to vary anytime quickly. Dorsey additionally lately introduced Sq. may dabble within the {hardware} pockets enterprise.

What do you concentrate on Jack Dorsey’s Lightning Community/Twitter integration announcement? Inform us within the feedback part under.

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