Jack Dorsey, CEO of Twitter, hinted at the opportunity of 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 truth. Dorsey is a giant Bitcoin proponent and has prolonged Bitcoin performance to a different of his firms, Sq..
Jack Dorsey Hints at Twitter/Lightning Community Integration
Jack Dorsey hinted yesterday at the opportunity of integrating Lightning Community into Twitter. Dorsey stated it was “solely a matter of time” for this to occur, answering a follower’s tweet. Curiously, the dialog began round an app referred to as Sphinx. The app makes use of Lightning Community as a means 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 means of attaining scalability for micropayments. Nonetheless, growing the community idea in the actual world took a while. Now there are Lightning Community implementations which are principally useful, albeit with some limitations.
The combination nod may imply a couple of may assume. Bluesky, the decentralized social media protocol Twitter is constructing, may embody Lightning Community as greater than a cost technique. In the identical means Sphinx chat is utilizing it, it might be leveraged to turn out to be 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 12 months, for instance, awakening worries in regards to 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 supplied by Sq., that permits clients to purchase Bitcoin immediately. The reference was made in a podcast together with Elizabeth Stark, CEO of Lightning Labs. Nonetheless, the corporate has nonetheless not built-in Lightning Community into the app.
On the contrary, Money App elevated the minimal bitcoin withdrawal restrict from 10K to 100K satoshis final April, in response to Bitcoin Journal. Nonetheless, Bitcoin is a giant component of Dorsey’s firms and that is unlikely to vary anytime quickly. Dorsey additionally lately introduced Sq. may dabble within the {hardware} pockets enterprise.
What do you consider Jack Dorsey’s Lightning Community/Twitter integration announcement? Inform us within the feedback part beneath.
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