{"id":10238,"date":"2023-04-23T16:03:13","date_gmt":"2023-04-23T16:03:13","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=10238"},"modified":"2022-05-17T03:07:24","modified_gmt":"2022-05-17T03:07:24","slug":"we-celebrate-the-arrival-of-lightning-network-with-the-bitcobie-torch","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/we-celebrate-the-arrival-of-lightning-network-with-the-bitcobie-torch","title":{"rendered":"We celebrate the arrival of Lightning Network with the Bitcobie Torch"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/we-celebrate-the-arrival-of-lightning-network-with-the-bitcobie-torch\/#how_does_this_ln_torch_work\" >How does this LN Torch work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/we-celebrate-the-arrival-of-lightning-network-with-the-bitcobie-torch\/#what_is_blockchain_for_humanity\" >What is Blockchain For Humanity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/we-celebrate-the-arrival-of-lightning-network-with-the-bitcobie-torch\/#do_you_want_to_take_the_torch\" >Do you want to take the torch?<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>As you know, in Bitnovo we have added our own\u00a0<strong>Lightning Network node<\/strong>\u00a0that will allow you to make instant transactions with insignificant network fees.<\/p>\n<p>Public blockchains like Bitcoin have always been blamed for not being able to be robust, decentralized and scalable at the same time. Bitcoin has been proving its robustness and decentralization for almost 12 years, but it has yet to grow at the transactional level. Lightning Network allows you to\u00a0<strong>achieve the desired scalability<\/strong>\u00a0by being able to process thousands of transactions immediately, without waiting, and\u00a0<strong>practically for free.<\/strong><\/p>\n<p>In Bitnovo we love being at the forefront of crypto innovation and that\u2019s why we have become one of the first companies\u00a0<strong>in the world<\/strong>\u00a0to have our own LN node. To celebrate this incredible news, we decided to support a great initiative of\u00a0<strong>Bitcobie, which promotes an Antorcha Lightning Network!<\/strong><\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_this_ln_torch_work\"><\/span>How does this LN Torch work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"elementor-element elementor-element-73655667 elementor-widget elementor-widget-text-editor\" data-id=\"73655667\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<div class=\"elementor-text-editor elementor-clearfix\">\n<p>The idea is to create a network of\u00a0<strong>users who are passing funds<\/strong>\u00a0through Lightning Network like a torch going from hand to hand.<\/p>\n<p>Each user adds a few satoshis to the torch and passes it back to another user. It\u2019s interesting to experiment with\u00a0<strong>the trust and honesty of the users,<\/strong>\u00a0who are receiving more and more satoshis, while they learn about the possibilities that this scalability solution offers them on Bitcoin.<\/p>\n<p>Everything collected by the Torch will be donated on January 3, 2021 (anniversary of the Bitcoin Genesis Block) to the NGO\u00a0<strong>Blockchain For Humanity.<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"what_is_blockchain_for_humanity\"><\/span>What is Blockchain For Humanity?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"elementor-element elementor-element-73655667 elementor-widget elementor-widget-text-editor\" data-id=\"73655667\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<div class=\"elementor-text-editor elementor-clearfix\">\n<p><a href=\"https:\/\/www.b4h.ngo\/\">Blockchain for Humanity<\/a>\u00a0(b4H) is\u00a0<strong>a non-profit foundation<\/strong>\u00a0that aims to promote the adoption of emerging technologies capable of\u00a0<strong>providing a positive social impact.<\/strong><\/p>\n<p>The NGO focuses on the intersection between<strong>\u00a0social innovation<\/strong>\u00a0and targeted development and recognizes that it will be a\u00a0<strong>force4good<\/strong> and pro-social mindset that will lead us to achieve the Sustainable Development Goals Program for 2030.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"image_547112681\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/blockchain-for-humanity.jpg\" sizes=\"(max-width: 809px) 100vw, 809px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/blockchain-for-humanity.jpg 809w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/blockchain-for-humanity-300x149.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/blockchain-for-humanity-768x381.jpg 768w\" alt=\"blockchain for humanity Bitnovo\" width=\"809\" height=\"401\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/blockchain-for-humanity.jpg 809w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/blockchain-for-humanity-300x149.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/blockchain-for-humanity-768x381.jpg 768w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/blockchain-for-humanity.jpg\" data-sizes=\"(max-width: 809px) 100vw, 809px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"do_you_want_to_take_the_torch\"><\/span>Do you want to take the torch?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"elementor-element elementor-element-73655667 elementor-widget elementor-widget-text-editor\" data-id=\"73655667\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<div class=\"elementor-text-editor elementor-clearfix\">\n<p>To participate it is recommended that you join the Bitcobie Telegram channel, which is where the route of the torch is communicated.<\/p>\n<p>You can use\u00a0<strong>any wallet with Lightning Network<\/strong>\u00a0to receive and send the satoshis such as\u00a0<a href=\"https:\/\/breez.technology\/\">Breez<\/a>,\u00a0<a href=\"https:\/\/bluewallet.io\/\">BlueWallet<\/a>\u00a0or\u00a0<a href=\"https:\/\/www.walletofsatoshi.com\/\">Wallet of Satoshi.<\/a><\/p>\n<p>When someone asks for an invoice, all you have to do is generate it in your wallet and\u00a0<strong>paste it into the community chat<\/strong>. The torch holder\u00a0<strong>will send the corresponding satoshis directly to your wallet and you will have the Torch Lightning in your hands.<\/strong><\/p>\n<p>Another option, and it\u2019s the best known, is to tag the exact person you want to pass the Bitcobie torch to, in that case, mention it and wait for their response.<\/p>\n<p>Once you receive the funds,\u00a0<strong>don\u2019t break the chain<\/strong>\u00a0and let the community know that you have received them, someone will give you an invoice with the corresponding amount (<strong>+100 satoshis<\/strong>) and you will simply have to pay it to pass the Bitcobie torch.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>If you want to know more about\u00a0<strong>how LN works,<\/strong>\u00a0see our article:\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-the-lightning-network\/\">What is Lightning Network?<\/a><\/p>\n<p>You can also find a\u00a0<strong>step-by-step<\/strong>\u00a0guide on\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-did-we-add-lightning-network-interview-with-jose-molina\/\">how to interact with the Bitnovo node<\/a>\u00a0explained by our blockchain engineer,\u00a0<strong>Jos\u00e9 Molina<\/strong>.<\/p>\n<p>If you already know how to do it, you can check the information of our node in this\u00a0<a href=\"https:\/\/1ml.com\/node\/03dd51b8f575484950cf2c6b6bf4bc94641639da779370563e63b4885e6cbd2743\">link<\/a>\u00a0and open a channel so we can interact directly without routing problems. This way you will be able to\u00a0<strong>send payments as big as you want<\/strong>\u00a0in thousandths of seconds and with zero network commissions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>As you know, in Bitnovo we have added our own\u00a0Lightning Network node\u00a0that will allow you to make instant transactions with insignificant network fees. Public blockchains like Bitcoin have always been blamed for not being able to be robust, decentralized and scalable at the same time. Bitcoin has been proving its robustness and decentralization for almost [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[331],"tags":[],"class_list":["post-10238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitnovo-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=10238"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7088"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=10238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=10238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=10238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}