A digital canvas called Satoshi ‘s Place made with the Lightning Network (LN) enables any client to draw anything they want at the cost of 1 satoshi per pixel. The digital canvas has a size of 1 million pixels and it intends to show the simplicity with which the LN can bolster numerous micro-transactions. However, as with any great initiative or tool, the crypto community has transformed it into a place where they attack each other.
For this situation, the Satoshi’s Place material has turned into the scene of conflict between Bitcoin ( BTC ) and Bitcoin Cash (BCH) users. Albeit some have utilized the chance to feature great masterpieces like, Mona Lisa or Van Gogh’s Bad dream, others have chosen to deliver obscene images of Roger Ver due to the lack of restrictions. Every pixel in the picture can be renewed, and the funny part is that BCH clients who wish to remove the obscene messages are compelled to utilize the BTC LN to do this.
The vast majority of the users think the activity is an accurate representation of the LN’s capacity to deal with a significant volume of microtransactions, while others grumble about the immature approach of the members who are using the tool to create inappropriate content.
How does it work?
Fundamentally, the system opens a payment channel by using a multisig wallet that contains a specific amount of cryptocurrencies and the beneficiary’s wallet address on the blockchain.
By opening this installment channel, the users can make a vast number of exchanges that are not distributed on the blockchain directly. Once they are finished, the balance is recorded and distributed on the blockchain, and the users can withdraw their funds.
The Lightning Network is a payment protocol that works as a second layer on the Bitcoin blockchain, which was created to solve the significant problem for the cryptocurrency, scalability.
At the moment, the system is still in the testing stage. However, its creators think that it will be adopted for micro-transactions in the future.