985 views


Join the conversation on Telegram and Twitter!

The post Micropayments Crash Lightning Network Twitter Button appeared first on Crypto Briefing.

The author is invested in digital assets, but none mentioned in this article.[Introducing Of Bitpandas Head Services Financial New]

Dorsey was tipped 12,362 satoshis, which at the time was worth approximately $0.49

 

pic.twitter.com/KKeymACOw8

— jack (@jack) February 20, 2019

 

Tippin isn’t the only system for crypto-micropayments.Sergio Abril, who is funding the project with his own money and “Taco” donations on his website, was “quite overwhelmed” when Twitter’s Dorsey signed up, summing it up as a “crazy day.”

Little did he know that it was about to get crazier once the servers overloaded.The XRP community has its own tipping feature, too.

It’s already caught on like wildfire within the crypto community, and it’s something that could grow further in emerging economies such as Venezuela, where every little bit has an impact.[Blockchain Terminal The 8211 Berminal]

.The only difference is that in the East, it’s more of a closed ecosystem that was set up by Tencent, and I’m thrilled to see that as it catches on in the West, people are integrating with some of the top cryptos.”

Greenspan also provided greater context on the interest in crypto, noting that Google searches for bitcoin are on the rise despite the fact that they remain below bitcoin “plunge” levels in November.

 

Biggest thing on Twitter: tip ₿ via⚡ https://t.co/otEKZhqsMw

— Tuur Demeester (@TuurDemeester) February 20, 2019

 

Tippin has the potential to be that killer…Chrome extension that the community has been waiting for.[Transforming How Are Travel Industry Apps Mobile]

Meanwhile, Bitcoin usage is also strengthening, as evidenced by throughput hovering at around 3.87 transactions per second.The trend of rising BTC usage is being fueled, in part, by higher adoption in  emerging economies facilitated by platforms such as LocalBitcoins.

XRP TipBot similarly lets users send and receive crypto donations — in XRP — on Twitter. eToro Senior Analyst Mati Greenspan remarked on the “custom” of online tipping in his daily market update, saying:

“Tipping content creators is arguably one of the most mainstream use cases for internet money, the custom has been alive and thriving in China for more than a decade already.Instead, it brought attention to the fact that the infrastructure for decentralized micropayments still has a long way to go.[Studio At The Tetrarchs 2019 The History Legend GDC The Kemco Of Of Long And]

Tippin.me is a recently-launched Chrome extension that allows users users to send satoshi-sized tips over the Lightning Network, with a simple button embedded in Twitter.If Tippin.me gets hacked, so too do the funds on the platform.

Nonetheless, it has gripped the crypto community with a child-like wonder. Economist and bitcoin investor Tuur Demeester, the founding partner at Adamant Capital, is among those who are bullish on the tipping feature.[Might When Bitcoin Another See Rally]

Tippin’s Potential

The biggest criticism of Tippin is the custodial nature of the wallet.The tipping button was thrust into the spotlight when Twitter chief Jack Dorsey demonstrated how easy it is to use, and the feature crashed shortly thereafter due to an overloaded server.<Lightning Network Twitter tippin

The latest Lightning app is supposed to be about bolstering crypto adoption, by highlighting the simplicity of Bitcoin’s second-layer payments network.Later, he urged the community to “give our servers a break.”  Sergio admits “it works (most of the time at least!)!” Meanwhile, servers are being upgraded and “everything will be back to normal” shortly.[Release Core V0163 Litecoin]

The thing about Tippin is that its popularity was a surprise, even to the builder of the tool.
Source: https://cryptobriefing.com/micropayments-crash-lightning-tipping/

Comments
No comments yet. Be first to leave one!