Twitter Might Integrate Lightning NetworksteemCreated with Sketch.

in hive-192766 •  4 years ago 

🔥🔥🔥#Twitter may soon integrate #Bitcoin's #Lightning #Network

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✅In a recent tweet, Twitter CEO Jack Dorsey said it's only a matter of time before the social media giant integrates the Lightning Network , a second-layer scaling solution built on top of the Bitcoin blockchain .

The popular protocol will likely be used for micropayments, though Dorsey has yet to provide any details about the integration.

✅Prior to this tweet, the billionaire praised Sphinx Chat, the encrypted messaging service that allows users to talk to each other via Lightning nodes. As we previously reported, Dorsey's payments company Square is considering developing its own Bitcoin hardware wallet . It will also build a solar-powered Bitcoin mining facility with blockchain technology company Blockstream .

✅According to data provided by Bitcoin Visuals, the number of nodes on the Lightning Network has more than doubled since last June. Over the past few years, the protocol has made significant strides in adoption, with Bitfinex becoming the first major exchange to integrate it in late 2019. Kraken also plans to add such functionality in 2021.

✅On top of that, merchants in El Salvador will have to accept payments via Lightning, which will give the network a huge adoption boost.

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