The torch event is about a digital game started primarily by a Twitter user known as Hodlonaut. Which started a game that consists of using the Lightning Torch, in order to demonstrate the efficiency of Bitcoin to make transactions.
Last year the Bitcoin torch toured about 37 countries in more than 2 weeks. While this year's Lightning Torch has already traveled 38 countries in just 3 days and has about 1.06 million satoshis; until you reach the limit of 4.29 million satoshis does not end the game.
What is Bitcoin's "lightning torch"?
Bitcoin's lightning torch, also called Lightning Torch, is about the launch of a game by the Hodlnaut company. With the aim of spreading the efficiency of the LN through social networks.
On the other hand, the Lightning Network, also abbreviated LN, is known as a solution created especially for BTC, so that people can send and receive payments in Bitcoin without a third party.
At the beginning of the year 2019, the company decides to launch the lightning torch to travel the world in the shortest possible time. This event has gradually become one of the most enjoyed phenomena by the Bitcoin community.
In addition, it is possible that this year's route is much larger than that of the year 2019. This is because the Bitcoin network increased more than 3% and that the number of nodes also increased a large percentage. Although, it is also estimated that it travels a large number of countries due to the acceptance that BTC has had in recent months.
The Bitcoin torch has been lit a second time
This would be the second birthday of the Bitcoin light torch, and the community celebrates it by sequencing the game and expanding the satoshis throughout the world in the shortest possible time. As already mentioned, so far the torch has traveled 38 countries, 139 people and about 1.06 million satoshis have been registered.
The game started on January 19 by the Twitter user Hodlonaut, the torch has as a main rule to pay about 10,000 satoshis for each transaction made. In order to constantly increase the amount of satoshis that will travel the world and be able to reach the limit to complete the game.
Why so much excitement about the Bitcoin “torch” event?
As already mentioned, this game is a kind of social proof that aims to demonstrate how effective payments are using the Lightning Network; which is known as a special peer-to-peer network to make instant micropayments.
For many users the lightning torch event causes them fun or entertainment. Since they can appreciate the route and the duration of the torch. Last year there were problems, the torch stopped a few days in Iran because of US sanctions, some Venezuelans managed to receive a torch without electricity and deliver it, among other cases; However, the tour was completed.
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Posted via Steemleo