The bitcoin community is currently immersed in an experiment called the “Lightning torch.”

It’s been called the “LN Trust Chain” since whoever has the torch is supposed to send it on to someone they trust will send the payment on, rather than keep the payment to themselves.

The experiment seems to be having its intended effect, The “Torch” has attracted the participation of 139 people in at least 37 countries, according to the pseudonymous torch ringleader, who goes by the name Hodlonaut.

In this way, the lightning torch can help to unearth bugs, Antonopoulos added.

When will it end? As it stands, there’s a hard-coded limit to how large the torch can get: 4,390,000 satoshis, which worth about $150. Once the torch reaches this threshold, the community plans to donate the proceeds to a charitable cause: likely Bitcoin Venezuela, a non-profit dedicated to raising awareness of cryptocurrency in the troubled South American country.

Original coindesk.com article by Alyssa Hertig reduced by 78%
Related story: Australian Study: Fintech Experts See Bitcoin Ending 2019 At $9,000

Support Our Work

Why support us?
We work 24/7 to provide simple summaries of the latest cryptocurrency news and developments from across the web. Crypto-News-TLDR relies entirely on contributions from readers to stay independent.
BTC ETH XMR  IOTA  AION  

 Alternatively, support us by using the following referral links:
Exchange: Binance | Hardware Wallet: Ledger
Browser:  Brave | Free Bitcoin: Coinbase