Altcoin News: Transaction Lightning Torch Reaches Final Consignee

April 15, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The Lightning Torch transaction reached its final destination, Bitcoin Venezuela, and all the accumulated BTCs were donated to charity.

As the charity said in his Twitter account, the transaction relay on Lightning Torch reached the final destination. The total size of the accumulated funds reached 0.4108021 BTC. At the current rate, this is about $2,000.

Lightning Torch is an experiment launched by the anonymous Twitter user Hodlnaut. The initiative has quickly gained popularity in recent months. Its essence was to transfer a Lightning payment between the nodes, with each receiving user adding 10,000 Satoshis and transferring the transaction to the new node.

Bitcoin Venezuela is reportedly pursuing the Bitcoin for Venezuela humanitarian initiative. As part of this project, representatives of the organization recently distributed food to residents of the country during massive power outages.

In early February, Twitter CEO Jack Dorsey joined the relay transaction Lightning Torch, and in the same month, it became known that the initiative contributed to the growth of Lightning Network to 6000 nodes. At about the same time, investment giant Fidelity supported the transaction, and in early March Lightning Torch reached Iran, despite sanctions.

Author: Marko Vidrih