Twitter CEO Jack Dorsey suggests that “it’s only a matter of time” before one of his platforms, Twitter or BlueSky, integrates with the Lightning Network, the second-layer network for Bitcoin scalability.
In a recent Twitter post, Jack Dorsey, CEO of the social network and one of the most influential people in the crypto ecosystem, said that it is only a matter of time before we see the second layer network Lightning Network (LN) integrate with one of its businesses. When he made these statements, Dorsey was responding to a suggestion from a Twitter user interested in knowing whether the scalability solution Bitcoin It will be integrated with the popular social network Twitter or with the decentralized network that Dorsey has been building for 2 years, called BlueSky.
“It’s just a matter of time”, Dorsey responded.
Although the response from the CEO of Twitter and also from the firm Square seems a little vague and does not detail whether Lightning Network will arrive on Twitter or the decentralized network BlueSky, he does assume that it is something that will happen on one or the other, or both, at any time.
The Lightning Network is a second-layer protocol designed to significantly improve Bitcoin's scalability and cope with the massive use of the cryptocurrency. This network can take Bitcoin to levels close to 1 million transactions per second (TPS), a significant advance considering that it currently only processes about 8 TPS.
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Jack Dorsey and the Bitcoin ecosystem
As mentioned, Dorsey is one of the most influential people in the crypto industry and, whenever he gets the chance, he doesn’t hesitate to express the strong conviction and confidence he feels about this cryptocurrency. Recently, he said that “there is nothing more important” in his life to work on than Bitcoin, referring to the many projects he is involved in and developing to always boost and improve the potential of this cryptocurrency.
Earlier this month, Dorsey announced that he is working on developing an open-source digital wallet with ideas from the community. On Twitter, the American developer and entrepreneur reminded that Bitcoin is a decentralized system that belongs to and benefits us all, and that it is therefore important to create an inclusive product that provides benefits on a global level.
The developer defends the fundamental principles that gave rise to Bitcoin and plans to integrate them into his new product, to offer a non-custodial solution accessible to everyone equally.
Supporting green crypto mining
Among his many projects, Dorsey is also involved in building a solar-powered Bitcoin mining farm. Concerns about the network's energy consumption are one of the biggest debates today, so more people and companies are turning to building green solutions that guarantee the network's operability and sustainability without causing damage to the environment.
Dorsey is involved in building the new farm through his payments firm Square, alongside Blockstream Mining. In addition to this, Square has a division called Square Crypto, which is responsible for funding and providing grants to Bitcoin developers.
Jack Dorsey has repeatedly said that his company will always work on developing and improving bitcoin, both as a cryptocurrency and as a payment system and store of value. Square is one of the largest institutional investors in the cryptocurrency, with more than 8.000 bitcoins on its balance sheet.
Continue reading: Will Twitter be the next to invest and pay salaries to its employees in Bitcoin?
