• Thu. May 30th, 2024

Jack Dorsey’s Twitter is Going to Adopt Bitcoin

Christian Klausen

ByChristian Klausen

Sep 7, 2021

Jack Dorsey, CEO of Twitter, is not only fond of Bitcoin but has said in his past interviews that if he was not at Twitter, then he would probably be doing something with Bitcoin. Now he has come to the crossroads about the two and has decided to give both a shot; he is still the CEO of Twitter while managing everything there wanted to give Bitcoin a shot. You would be surprised by the unrealistic choice that he has made to pursue his dream of Bitcoin. He has decided to adopt Bitcoin but more vigilantly implement it into the platform.

The project is still in development and will be made public when the integration is done, and the whole thing converges into a ravishing success. This project is being called the lightning network, which allows the users to use their cryptocurrency such as Bitcoin for the sake of making payments, and the unique selling point of this network is that users don’t have to deal with the tiring fees which they used to pay while using the main Bitcoin’s blockchain for the same task.

Lightning Platform

The platform is currently in the works and is being developed by Lightning Labs; according to the developers, the Lightning platform will allow users to be able to perform more transactions every second without having to pay the exuberant fees that they were paying with Bitcoin’s main blockchain.

In all fairness, this doesn’t only offer a spark of scalability to Bitcoin but is also a solid upgrade from the five transactions per second limit of the conventional Bitcoin’s blockchain. Using this platform, Twitter users will be able to give money to other users in the form of cryptocurrency plus with total anonymity. They will be able to do so by leaving some into the tip jar of the intended user, and the recipient won’t even know who sent them this crypto token or the briefs of the payment information. It seems that Twitter is definitely pursuing this new approach with Bitcoin and is preparing itself for the competition ahead.

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Christian Klausen

Christian Klausen

Christian Klausen is a talented news writer renowned for his compelling storytelling and comprehensive research. With a sharp eye for detail, his articles offer readers a thought-provoking and well-informed perspective on a wide range of current topics.

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