{"id":37406,"date":"2022-12-20T10:39:31","date_gmt":"2022-12-20T10:39:31","guid":{"rendered":"https:\/\/lydian.io\/?p=37406"},"modified":"2022-12-20T10:39:32","modified_gmt":"2022-12-20T10:39:32","slug":"crowdfunding-is-powered-by-lightning-addresses-on-bitcoin","status":"publish","type":"post","link":"https:\/\/lydian.io\/crowdfunding-is-powered-by-lightning-addresses-on-bitcoin\/","title":{"rendered":"Crowdfunding is powered by Lightning Addresses on Bitcoin","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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The Lightning Community strikes once more. A small however important improvement for Bitcoin (BTC) is a brand new sort of BTC handle introduced<\/a>: the \"Lightning handle\". These distinctive identifiers had been particularly designed to be used on the Lightning Community, a Layer 2 cost protocol that operates on the Bitcoin blockchain.<\/p>\n A straightforward-to-use addition to methods Bitcoin customers can ship, obtain and even acquire funds, Lightning addresses might be custodianized or customers can connect with their very own nodes. Crowdfunding is among the hottest makes use of for Lightning Addresses in the actual world.<\/p>\n Cointelegraph spoke to Geyser Fund's CTO, MetaMick, to raised perceive how one can use lighting addresses and why crowdfunding is a low-hanging fruit for this know-how. Geyser Fund is a crowdfunding platform much like GoFundme however makes use of Bitcoin and Lightning.<\/p>\n Lightning addresses are \u201cemail-like identifiers that enable customers to ship one another values \u200b\u200bby way of Lightning. They're simple to recollect and reusable (not like bolt11's Lightning addresses),\u201d defined MetaMick, CTO of Geyser Fund. Cointelegraph tried the service and managed to lift funds very quickly:<\/p>\n Creators can now obtain their challenge posts to their Lightning addresses. \u26a1\ufe0f<\/p>\n It has by no means been simpler to start out a crowdfunding challenge! <\/p>\n \"That is it? That is too quick, Mick!\" @ Joe Nakamoto<\/a> pic.twitter.com\/hUFZapyUqj<\/a><\/p>\n