The Bitcoin Lightning Network, a 2nd layer protocol running the Bitcoin blockchain recently gathered momentum with its Lightning Torch experiment across the globe. The Lightning Network was also the main reason behind the development of Tippin, a Chrome extension released recently for Bitcoin holders. The extension allowed users to send and receive tips over Twitter with the help of Bitcoin’s Lightning Network.
According to decryptmedia, the Tippin App, a browser extension which enables the transfer of digital tokens over tweets, recorded a total of 13000 downloads already. This figure, claimed by the app developers, would indicate a prominent shift in interest towards the growing adoption of Bitcoin and the cryptocurrency network.
Sergio Abril, Chief Developer of Tippin, in a recent interview stated,
“From the very beginning, I wanted Tippin to be an “easy-to-use” service; Lightning Network micro payments [or tips] made easy. I didn’t want people to struggle with complex signup processes, so I went for a Twitter exclusive signup system.”
Sergio Abril added the QR-code generating Lightning button next to the ‘retweet’ button via Tippin app. He said that the app generated serious interest from users after it was endorsed by Twitter’s Jack Dorsey last week.
Moments like these are landmark moments in the development and acceptance of this technology. With these types of advancements, we have matched and in some cases, surpassed traditional technologies that handle similar types of transactions. With this, we can see bitcoin, ethereum or others used in financial transactions. And with it’s use in financial transactions, cryptocurrency will be able to be used in every single home, every single business and in government.
Although 13000 downloads do not seem very high, especially when compared to “dApps” like social network Steemit with 1.2 million accounts, it is a major positive for the Lightning Network as it is still in the early stages of mass adoption.
The Lightning Network, which has the capacity to run around 3500 nodes, can handle about $3 million worth of Bitcoin transactions.