Bitcoin Lightening Torch Arrives in Iran

Bitcoin Lightening Torch Arrives in Iran

The Bitcoin Lightening Torch, an experiment which sees participants passing around a bitcoin transaction adding a small number of funds en-route, has now arrived in Iran.

The movement, first started by the Twitter account Hodlonaut in January, has been quite the talking point in the crypto community of late as it makes it rounds across the world. Currently, it has already reached over 230 people and growing. The latest additions came today, as it arrived in Iran to Ziya Sadr, a Coinex executive, who then passed it on to fellow Iranian, Sam Abbassi, the founder and president of the Bushido Lab.

This latest drop-off is the most controversial stop on the journey so far, with concerns surrounding the eventuality because of political reasons centring on censorship. US laws prevented the passing of the torch between Vijay Boyapati, a software engineer, to Sadr before, but it has now been circumnavigated so to bypass the laws.

Hodlonaut praised the event, writing on Twitter, “Bitcoin will continue building bridges between people around the world. Permissionless and free from manipulation and censorship, it’s a powerful tool to build understanding and cooperation. The #LNTrustChain torch landing in Iran feels important”

The ultimate aim of the experiment is to increase awareness of what some have dubbed the future of Bitcoin, the Layer 2 Lightning Network. However, it has now become a testament of what can be achieved with the technology that the world has its disposal by quite literally transcending borders and laws.  

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News

Exmo,ICO,Paytomat,PTI Token

EXMO Team Up with Paytomat & Announce ICO

Cryptocurrency exchange, Exmo have announced plans to team up Paytomat to launch their first ever initial coin offering. Exmo has today announced their first coin offering will take place on the April 1st 2019. The ICO will be in partnership, Paytomat a decentralised payment system who are hoping are intent on bringing cryptocurrencies as a […]

19 March, 2019
Cryptopia,Exchange Platforms,Hack,Relaunch

Cryptopia To Be Back “Bigger and Better” Before End Of Month

The hacked cryptocurrency exchange platform, Crytopia has announced that full trading capabilities will be possible again from the end of March. A couple of weeks ago, we released news that Cryptopia, the New Zealand-based exchange platform that suffered a multi-million-dollar hack in January, had re-opened a read-only website to clients. While users could access their […]

18 March, 2019
Exchange Platforms,Exmo,Maintenance

Traders Warned That EXMO is to Shut Down for Maintenance

Users of Exmo have been warned that they will not be available tomorrow evening. Exmo has announced that their service will not be available from 19:00 (CET) tomorrow evening (19th March). This will mean that traders will not to be able to access their account or complete any trading during this time. The reason for […]

18 March, 2019
Blockchain,Exchange Platforms,Riot Blockchain,Riotx

Riot Blockchain to Launch Exchange Platform

US-based blockchain firm, Riot Blockchain has announced a plan to venture further into the world of blockchain with a new cryptocurrency exchange. The news comes from US SEC (Securities and Exchanges Commission), who published a document outlining the proposed plans for the exchange known as, RiotX. The exchange is said to operate via customers US […]

17 March, 2019
Blockchain,Ethereum

Blockchain Will Make Up Most Of The Economy, Says Ethereum Founder

Joseph Lupin, the co-founder of Ethereum, has predicted how he sees the future of blockchain for the global economy. While speaking at SXSW conference, Lupin explained how he believed that in 10-20 years, blockchain will make up for the majority of a much larger economy. In his opinion, the global economy will increase by around […]

17 March, 2019
Bitcoin,Cryptocurrency,Law,Pioneer

Bitcoin Pioneer Subpoenaed for $4 Billion

Jeff Garzik, a software engineer considered a Bitcoin pioneer, has been subpoenaed for 4 Billion because of a connection he has with an on-going lawsuit against Craig White. The United District court filed the subpoena follows on from the on-going dispute between White and the family of David Kleiman. Kleiman is suspected by many to […]

16 March, 2019
Assurley,AXA,Insurance,Security Token Trading

AXA XL and Assurely Collaborate to Form New Security Token Insurance Service

Insurance giants AXA have joint forces with the technology platform Assurely to spawn a new insurance service using Security Tokens and Crowdfunding. In a press release, the news came that they were going to create an innovative new service for customers to insure any new online capital formation strategies they undertake. The project will be […]

16 March, 2019
CEO,Exchange Platforms,Mozilla,StellarX

Stellar Appoints EX Mozilla COO as CEO

The Stellar Development Foundation has announced the news that they will be appointing Denelle Dixon, former COO of internet software provider Mozilla, as its new CEO and executive director. The decision makes perfect sense considering Dixon cut her teeth working on the non-profit internet browser. In a press release, they announced that her advocacy for […]

15 March, 2019