Lightning Spin, a bitcoin gambling game that is based on the famous Lightning Network’s pioneering lightning applications (Lapps) has recently announced its sale. The game marks the first-ever Lapp that the has organized a sale. Developed and launched roughly nine months ago by Portuguese web developer Rui Gomes, the sale of the games has the entire Lightning Network community quite excited about everything primarily because it is a catalyst for further development on the network in the near future.
With the application, the users are able to able to enjoy instantly settled microtransactions and withdrawals. This not only makes it a gem in the world of bitcoin but also a revolutionary step forward for the Lightning Network which has been trying to go mainstream for a while now.
“You could pay 6¢ for a single spin, (1 BTC was around $6,000 back then) and withdraw your winnings in seconds — something that would be impossible with the fiat system and would be increasingly difficult on Bitcoin’s base layer,” Rui Gomes said in a recent blog post that highlighted the various features and novelties in the game.
In addition to disclosing further details about the Lightning Spin Lapp, the developer also revealed that at the time the Lightning Network was being sold, it had already been sold a whopping 120,000 times by at least 3,300 individuals. However, despite touching on a couple of issues and various aspects of the Lapp, he refrained from revealing any details about the parties that the game was sold to.
He, however, assured his Twitter followers that the new owners of the game share a similar vision and enthusiasm as his in as far as the Lightning Network is concerned – as a matter of fact, heaven turned away some other very well-paying buyers simply because they did not have much in common
Lightning Network’s Expansion
The sale of the game coincidently comes at the about the same time that the Lightning Network is expanding. For the last two years, the Lightning Network has grown to be one of the most popular solutions for the scaling problem found in the Bitcoin Core (BTC) network. Its expansion is, therefore, a sign that it may finally be ready to grow beyond what it already is at the moment.
However, just like any other revolutionary, the Lightning Network has been subject to a lot of criticism especially with regards to its lack of security. Naturally, these security concerns need to be addressed as soon as possible if any more progress is to be made in the near future.