[ad_1]
Twitter user RainDogDance has published a tweet explaining how he extracted a single Satoshi value of cryptocurrency in his web browser, so he immediately received the proceeds from himself via the Lightning network.
He went on to state that "the real extraction process is with Monero, but the payment is in Lightning and the balance is updated instantly (as well as instant withdrawals)."
3rd level in action: I extracted 1 single satoshi in my browser (with MicroMine), which I then successfully retired in Bitrefill. That's why the user does not even need a working LN channel, not even a portfolio. Only a little CPU power and a normal internet browser. pic.twitter.com/7PL9TVPscO
– RainDogDance (@RainDogDance) December 30, 2018
As a reminder, a "Satoshi" is currently the smallest Bitcoin unit recorded on the Bitcoin blockchain. It corresponds to one hundred millionth of a single Bitcoin or 0.0000001 BTC. The USD value of a Satoshi today is equivalent to about $ 0.00003.
How did he do?
The platform used by RainDogDance was "MicroMine", which is currently in its beta version. MicroMine allows users to extract encryption with their browser, with the final payment in Bitcoin via the Lightning network.
What is interesting about RainDogDance's tweet is that he was able to extract the Satoshi without having opened an existing Lightning Network channel or even a cryptocurrency portfolio. To achieve this, in combination with MicroMine, it also used the Bitrefill protocol for direct payment of Lightning.
Beta release of MicroMine.
Mina with your browser, you get paid in Bitcoin with Lightning.https: //t.co/NauBIA7qHo– pseudozach [₿🔑] (@Citlayik) December 28, 2018
This & # 39; Layer 3 & # 39; is it in action?
On Reddit, TheGreatMuffin user provided more clarity about the complicated process, suggesting that this transaction could be considered one of the first "Layer 3" cryptography applications.
"The actual gain and transaction of Satoshis actually takes place on a" third level ", which is not without trust (because you trust the site to pay you), but it is super convenient (since the user does not need to have any portfolio / channels set up. "
"The [Lightning] the balance is updated instantly as soon as the mining activity is interrupted / paused. "
Multilayer solution
TheGreatMuffin went on to say that this was one of the advantages of using a multi-tiered solution, saying: "You can trade-off (here: gain convenience to lose trust and also enable micro-payments, which are not possible su -chain), which are not possible on the base layer (which is without trust, without permission and resistant to censorship, but is not always easy to use). "
The whole situation is quite technical and complicated. However, it is quite extraordinary that someone has been able to extract such a small value and have all payments and swaps happen instantly on multiple networks and platforms, without the final reward being lost.
If this level of interoperability and speed between multiple networks and blockchain is not considered a 'Layer 3' solution, then I do not know what it is!
For more information and Coin Rivet guides, click here.
[ad_2]Source link
