Lightning K0ala has created an online graffiti board, called satoshis.place, to show the power of Lightning Network (LN) in processing micro-transactions.
For those who do not know, Lightning Network is a layer that sits on top of Bitcoin blockchain to make the transactions cheaper and faster.
While the technology is still in its nascent stage, it is believed to Bitcoin’s scalability problems. The total funds being held in the network surpassed $150,000 in April. In fact, at one point in March, it had more active nodes than Bitcoin Cash (BCH), a Bitcoin hard fork that also claims to solve Bitcoin’s scalability worries.
If you are interested in testing micro-transactions with LN yourself, here is how it works:
There are one million pixels on the canvas, and each pixel costs one satoshi to paint. You can choose to draw whatever you want and wherever you want. Based on how large your painting is, you pay the equivalent amount in Satoshi (1 BTC = 100 million Satoshi). If you want to paint the entire canvas red, it will cost you $67.39 as per the current BTC price.
We reached out to the founder of satoshis.place to understand his vision for the app.
“I created satoshis.place to explore the application of micro-transactions in the context of multiplayer games. I also just wanted to mess around with running a Lightning node figuring out how this stuff works,” Lightning K0ala told Hard Fork. “Things have been amazing so far, it’s been a laugh trip for the last three days watching people draw on the board and comment on social media. We’ve got a nice little group on Telegram forming where people post suggestions and I can gauge what stuff should be fixed or improved.”
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