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Jack Dorsey has plans to integrate bitcoin’s lighting network into Twitter
Jun, 16 2021
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Jack Dorsey, CEO of
Twitter and Square, wants to integrate
Bitcoin's Lightning Network sidechain in either twitter or BlueSky
Recently, Dorsey uncovered that Square plans to foster an open-source non-custodial Bitcoin equipment wallet.
The news comes from
Dorsey’s tweet when he responded to a Twitter user Deyonté, who had asked Dorsey
to incorporate the Lightning Network into Twitter or BlueSky. BlueSky is created
by Jack Dorsey to develop an open and decentralized standard for social media.
Dorsey answered and said, “Only a matter of time.”
Dorsey's remark
shows up deliberately unclear, with the comment seeming open to be deciphered
as affirming that either BlueSky or Twitter, or even the two organizations,
could be moving toward a Lightning combination.
Dorsey who has been
a vocal proponent of bitcoin recently has said he has plans to create a hardware
wallet for bitcoin with the help of the crypto community. Hardware wallets store a user’s private key which is the critical piece of information sued to authorize
transactions on the blockchain network in a secure hardware device and gives the
user an extra layer of protection. Dorsey also has invested $5 million in
Blockstream for a solar-powered Bitcoin mining facility. Dorsey has also invested
$10 million in Bitcoin Clean Energy Investment Initiative in December 2020.
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Vandana Mrigwani
CBW - External Analyst
INDIA
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