Jack Dorsey has plans to integrate bitcoin’s lighting network into Twitter


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.
The integration nod
could mean more than one might think. Bluesky, the decentralized social media
protocol Twitter is building, might include Lightning Network as more than a
payment method. In the same way, Sphinx chat is using it, it could be leveraged
to become the backbone of a new architecture. This could also help with the
discovery of decentralized solutions to censorship problems. Twitter banned
former President Trump last year, for example, awakening worries about the
unchecked power of the platform.
Dorsey who has been
a vocal proponent of bitcoin, recently has said he has plans to create hardware
wallet for bitcoin with the help of crypto community. Hardware wallets store
user’s private key which is the critical piece of information sued to authorize
transactions on blockchain network in a secure hardware device and gives the
user extra layer of protection.Dorsey also has invested $5 million in
Blockstream for solar-powered Bitcoin mining facility.Dorsey has also invested
$10 million in Bitcoin Clean Energy Investment Initiative in December 2020.

Vandana Mrigwani
CBW - External Analyst
INDIA