Tippin.me is a recently-launched Chrome extension that allows users users to send satoshi-sized tips over the Lightning Network, with a simple button embedded in Twitter.If Tippin.me gets hacked, so too do the funds on the platform.
Dorsey was tipped 12,362 satoshis, which at the time was worth approximately $0.49
— jack (@jack) February 20, 2019
Tippin isn’t the only system for crypto-micropayments.Sergio Abril, who is funding the project with his own money and “Taco” donations on his website, was “quite overwhelmed” when Twitter’s Dorsey signed up, summing it up as a “crazy day.”
Little did he know that it was about to get crazier once the servers overloaded.The XRP community has its own tipping feature, too.[January Wirex At]Tippin’s Potential
The biggest criticism of Tippin is the custodial nature of the wallet.The tipping button was thrust into the spotlight when Twitter chief Jack Dorsey demonstrated how easy it is to use, and the feature crashedÂ shortly thereafter due to an overloaded server.<
The latest Lightning app is supposed to be about bolstering crypto adoption, by highlighting the simplicity of Bitcoin’s second-layer payments network.Later, he urged the community to “give ourÂ servers a break.”Â Â Sergio admits “it works (most of the time at least!)!”Â Meanwhile,Â servers are being upgraded and “everything will be back to normal” shortly.[Weekly Analysis 2019 Price 8 Week 42]Join the conversation onÂ TelegramÂ andÂ Twitter!
The post Micropayments Crash Lightning Network Twitter Button appeared first on Crypto Briefing.
Meanwhile, Bitcoin usage is also strengthening, as evidenced by throughput hovering at around 3.87 transactions per second.The trend of rising BTC usage is being fueled, in part, by higher adoption inÂ emerging economies facilitated by platforms such as LocalBitcoins.[Poker How To HoldEm Casino Play]
It’s already caught on like wildfire within the crypto community, and it’s something that could grow further in emerging economies such as Venezuela, where every little bit has an impact.
XRP TipBot similarly lets users send and receive crypto donations — in XRP — on Twitter.Â eToro Senior Analyst Mati Greenspan remarked on the “custom” of online tipping in his daily market update, saying:
“Tipping content creators is arguably one of the most mainstream use cases for internet money, the custom has been alive andÂ thriving in ChinaÂ for more than a decade already.Instead, it brought attention to the fact that the infrastructure for decentralized micropayments still has a long way to go.[Current Price LTC Litecoin].The only difference is that in the East, it’s more of a closed ecosystem that was set up byÂ Tencent, and I’m thrilled to see that as it catches on in the West, people are integrating with some of theÂ top cryptos.”
Greenspan also provided greater context on the interest in crypto, noting that Google searches for bitcoin are on the rise despite the fact that they remain below bitcoin “plunge” levels in November.
The thing about Tippin is that its popularity was a surprise, even to the builder of the tool.[Thursday February 2019h1 H1Distributed Digest 21]
Nonetheless, it has gripped the crypto community with a child-like wonder.Â Economist and bitcoin investor Tuur Demeester, the founding partner at Adamant Capital, is among those who are bullish on the tipping feature.
Biggest thing on Twitter: tip â¿ viaâ¡ https://t.co/otEKZhqsMw
— Tuur Demeester (@TuurDemeester) February 20, 2019
Tippin has the potential to be that killer…Chrome extension that the community has been waiting for.[8211 Bitcoin 2019 News 21 January Summary]
The author is invested in digital assets, but none mentioned in this article.