Could Bitcoin’s Lightning Network Have Coke As First Big Adopter?

Someone has even set up a Coca-Cola vending machine.

Could-Bitcoins-Lightning-Network-Have-Coke-As-First-Big-Adopter

To address Bitcoin’s scalability issues, developers have come up with the Lightning Network, which continues to wow both crypto enterprises and industry personalities. Even though the innovation has yet to mature, many are already utilizing it.

But enterprising Spanish hardware hacker Ricardo Reis took it one notch further: he published an article on October 1 demonstrating his new coke vending machine which accepts payment via Bitcoin’s Lightning Network.

Taste The Feeling (Of Lightning)

bitcoin-coke-dispenser
credit:Hackster|Ricardo Reis

In the article, he showed how the network can be used to purchase the said soda product from a vending machine. He also uploaded a video showing the entire transaction process, which can be viewed here.

For the machine to be fully functional, he employed two apps and online services, namely BTCPAY and PUSHER.

Reis wrote in the post:

In BTCPAY I create the invoice (payment button), so it generates a Lightning Network QR code for payment. I also set up a return URL (notification.php), which is the destination BTCPAY will inform when a purchase order has any changes, such as a payment receipt.

The project is still a work in progress, and Reis himself admitted that it was set up for study purposes.

Scaling To Billions Of Users

The Lightning Network was conceived by Joseph Poon and Thaddeus Dryja in 2015, where it was described as a network of micropayment channels built on top of Bitcoin’s blockchain itself. With the innovation, bitcoin’s blockchain can process multitudes of transactions simultaneously, thus solving the long-standing issue of scalability.

“Bitcoin can scale to billions of users without custodial risk or blockchain centralization when transactions are conducted securely off-chain using bitcoin scripting,” the paper said, “with reinforcement of non-cooperation by broadcasting signed mutisignature transaction on the blockchain.”

CoinGate began testing the innovation in July, by signing up over 100 merchants to its beta program. Now, notable merchants are in the fold, including Swiss watch manufacturers Chronoswiss and Louis Chevrolet, hosting service Bitlaunch, gaming store Mmoga.com, and adult entertainment websites Livejasmin and Manyvids.

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Could Bitcoin’s Lightning Network Have Coke As First Big Adopter?
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Could Bitcoin’s Lightning Network Have Coke As First Big Adopter?
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To address Bitcoin’s scalability issues, developers have come up with the Lightning Network, which continues to wow both crypto enterprises and industry personalities. Even though the innovation has yet to mature, many are already utilizing it.
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Ibinex News
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