{"id":13295,"date":"2019-03-31T00:00:00","date_gmt":"2019-03-31T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/03\/31\/litecoin-ltc-charlie-lee-receives-the-bitcoin-lightning-torch-btc-near-the-end-of-the-chain\/"},"modified":"2023-08-30T08:29:38","modified_gmt":"2023-08-30T08:29:38","slug":"litecoin-ltc-charlie-lee-receives-the-bitcoin-lightning-torch-btc-near-the-end-of-the-chain","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/litecoin-ltc-charlie-lee-receives-the-bitcoin-lightning-torch-btc-near-the-end-of-the-chain\/","title":{"rendered":"Litecoin [LTC]: Charlie Lee receives the Bitcoin [BTC] Lightning Torch near the end of the chain"},"content":{"rendered":"
Litecoin<\/a> <\/strong>creator Charlie Lee<\/strong> has had the pleasure this week to hold the LNTrustChain<\/strong> torch as the 264th hop on the chain of trust on the experimental Twitter exercise meant to popularize the second layer Bitcoin scalability solution Lightning Network. <\/p>\n Started by Twitter user and Lightning Network supporter @Hodlonaut<\/a><\/strong> on January 19th, the experiment involves receiving a sum of Bitcoin funds denominated in satoshis and sending it to the next person that you trust on Twitter to pass on to the next person as well. It is more of a social experiment to see how many hops the funds will jump before someone decides to run away with the funds.<\/p>\n Starting out, @Hodlonaut sent 100,000 satoshis to the second person on the list and the next person would add 10,000 sats to the transaction and pass it on, in what was referred to as a lightning torch experiment. In an ideal experiment, no one would break the chain but only a few hops in and someone actually decided to make away with the funds. @SerWisdom69<\/strong> and @eduard_btc<\/strong> have been the breakers of the chain to everyone\u2019s chagrin. SerWisdom69, being the first one to break the chain on the day of the launch wrote on social media \u201cWhat if I Decide to keep it? ?what will happen to me?\u201d<\/em> Eduard_btc broke the chain on January 31st, and his message to the community was \u201cI’ll seize it because i can, and no one can stop me. This is bitcoin.\u201d<\/em><\/p>\n