ADVERTISEMENT
NewsLogical
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • Finance
  • XRP News
  • Price Analysis
  • Coin Guide
  • About Us
    • Contact Us
    • Team
    • Privacy Policy
    • Editorial Policy
    • Write for Us
No Result
View All Result
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • Finance
  • XRP News
  • Price Analysis
  • Coin Guide
  • About Us
    • Contact Us
    • Team
    • Privacy Policy
    • Editorial Policy
    • Write for Us
No Result
View All Result
NewsLogical
No Result
View All Result
Home Bitcoin

Lighting Bitcoin (BTC): Former Miss Universe Enters The Lightning Torch Party

by Nick James
November 27, 2019
in Bitcoin, Cryptocurrency
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The campaign for Bitcoin adoption is still on in full-swing as Bitcoin’s Lightning Torch takes a tour around the world, changing hands from one cool person to another.

After Jeremias Kangas, the founder of Localbitcoins, former contestant for Miss Universe Rosa-Maria Rytti held the torch. Rosa is the Miss Universe Finland 2015.

Lightning Torch: What About It?

In January this year, the Lightning Torch relay was began as just a stress test for Bitcoin’s new Lightning Network. The Lightning Network is an off-chain scalability function that will enable the Bitcoin network to increase its transaction processing speed as well as improve scalability for more of the crypto’s use cases.

Since it started, the Lightning Torch has passed through the hands of various high-profile people within the crypto community and beyond. The objective of passing the torch around is to have every torch bearer contribute about 10,000 Satoshis to the event before they can pass it over to the next bearer.

As of now, the Lightning Torch has had about 275 bearers, with only 8 to go before the target total of 5 million Satoshis is achieved. At this stage of the relay, the network has 7,876 nodes, 39,000 channels, and a capacity of 1080 BTC.

Lightning Torch Ventures Outside Crypto

This is the second time the Lightning Torch has been passed over to someone who isn’t a crypto bigwig.

In February, Twitter’s Jack Dorsey held the torch as the first person to hold it outside of the crypto community. Jack is currently working on a payment solutions start-up called Square, and has expressed intentions to integrate the Lightning Network with his system.

The Money

The money contributed during the Torch trip will go towards helping the suffering people in Venezuela in an initiative called Bitcoin Venezuela.

Tags: Bitcoin (BTC)Bitcoin (BTC) 51% AttackBitcoin (BTC) After Spend AttackBitcoin (BTC) Could Fall Below $3000Bitcoin (BTC) In VenezuelaBitcoin (BTC) InvestorsBitcoin (BTC) on MessengersBitcoin NewsLighting Bitcoin (BTC)Lightning Torch
No Result
View All Result

Highlights

Elon Musk Loaded Up In Dogecoin before Pumping Bitcoin – Peter Schiff

Crypto Investor Explains Why Cardano will Soon Topple Ethereum

Cardano’s IOHK Rebrands, Enters Final Stages of a Large Government Contract

Analyst Explains why Bitcoin Price Could Crash to $6,400

Online Search for “Dogecoin” Surpasses “Bitcoin” in United States

PayPal Q4 Earnings Report Shows Users More Active after Buying Cryptocurrencies


NewsLogical Inc. is a U.S.-centric firm established in 2019 with the aim of providing resourceful and up-to-date cryptocurrency and blockchain information.

Email: info@newslogical.com

Read More.

Dislciamer


Contents on NewsLogical.com are only for informational purposes and should not be construed as financial or investment advice.

Trading cryptocurrency is considered a high-risk activity that requires technical knowhow because digital currencies are generally volatile.

Contact financial experts for guidance before making any cryptocurrency investment decision.

Read More.

About us

  • About
  • Contact Us
  • Disclaimer
  • Editorial Policy
  • Privacy Policy
  • Team
  • Write for Us
No Result
View All Result
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • XRP News
  • Price Analysis
  • Coin Guide
  • About
    • Team
    • Editorial Policy
    • Privacy Policy
    • Write for Us