Twitter CEO Says BTC Only Crypto He Owns
The CEO of Twitter named Jack Dorsey has recently expressed his affection towards the world’s leading cryptocurrency called Bitcoin. The executive of the social media site, who is also the CEO of Square, revealed that BTC is the only digital currency he holds.
Native Crypto Of Internet
Dorsey’s pro-Bitcoin stance was reportedly revealed via a tweet, which he posted on February 6. The well-known supporter of BTC has mentioned his digital currency of choice, which came after a recent interview. During the latter, the executive said that he is confident of the crypto and that it will soon become the native digital currency of the Internet.
The thread of tweet that contained his views towards the crypto has, during press time, amassed around 5,000 likes. It is worth noting that he talked about the cryptocurrency being the biggest and oldest digital currency. In fact, he even called it a “great brand.”
For Dorsey, there is no doubt that Bitcoin is the type of crypto that is both resilient and principled. Even more so, he sees the crypto as the only digital currency worthy of being native to all internet deals out there.
During the interview, the Square CEO was asked about the certain features of BTC that he finds appealing, especially the ones that have kept is interest piqued. As expected, the Bitcoin bull kept talking about the digital currency’s very potential, which basically refers to the possibility of becoming the internet’s sole native currency.
He specifically stated that he loves “everything” about the world’s leading crypto. As mentioned by him, it can become the internet’s native currency due to the many features it offers. And for him, thinking of the internet as one would a country, it is without a doubt “huge.”
Joining Lightning Network
Following the statements he made for the cryptocurrency, Dorsey also tweeted recently about his decision to join a community experiment. Interestingly, this has something to do within the so-called LN or Lightning Network.
LN is none other than Bitcoin’s second-layer scaling protocol. Also known as LN Trust Chain, the test is specifically built to prove the very functionality when it comes to transactions on the network. At the same time, it is aimed at ensuring that it represents a series of transactions, which would involve users and the network itself.
Within the aforementioned experiment, each user is expected to acquire the transaction and add a nominal amount that is believed to be around 10,000 satoshis (or $0.34). Lastly, it can be passed to someone else a user trusts.