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Nigerian innovator launches first active Bitcoin Lightning node in the country

Nigerian innovator launches first active Bitcoin Lightning node in the country

A Bitcoin Lightning Network node (BTC) has struck the earth in one of the most challenging operating environments. Lagos, the capital of Africa’s most populous country, Nigeria, welcomed a new Bitcoin Lightning node this week, a vital step to better connect the continent to the layer-2 payments network atop Bitcoin, the Lightning Network (LN). 

The node runs on an old laptop powered by a diesel generator as Lagos regularly experiences energy and electricity blackouts.

Megasley’s diesel generator and laptop running the node. Source: Megasley 

In a discussion with Cointelegraph, Megasley, who is the first Nigerian Lightning node of 2023 and the first active Lightning node in the country (as other nodes are dormant), Megasley shared his vision for bringing instant and low-cost payments to Africa thanks to the LN.

“Light takes 50ms to cross the earth. This is quick, but with many hops this milliseconds can add up and when you’re standing at a point of sale waiting for your payment to clear it can be frustrating.”

Megasley explained his wish for Africans to have instant and as close to free as possible payments. “If a Nigerian Bitcoiner and a Nigerian retailer are both connected to a node in Nigeria, it will give them the best lightning experience,” Megasley added.

According to the explorer services Mempool and Amboss, the operator is currently the only active node on the map in Nigeria. By spinning up an active node in Nigeria, the operator aims to make lightning payments as accessible as possible to Africans.

Nodes, Lightning Network, Lightning, Nigeria, Africa
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When asked about the importance of building out an extensive network of nodes across the globe to facilitate Bitcoin payments, the node runner explained, “If Bitcoin is to succeed it must become a better, easier, faster medium of exchange than the incumbents. To get there we need to build out an extensive network of nodes across the globe to facilitate these payments.”

Megasley also touched on Bitcoin price volatility and its perception in Africa: “People talk about the problem of volatility but this is nothing when you live in a place where your money could easily lose half its value in a year.”

“Africa has rotten money controlled by rotten people and this is why…

Click Here to Read the Full Original Article at Cointelegraph.com News…