Bitcoin Money Followers Begin ‘Torch Passing’ Ceremony With a Non-Divisible Token

Bitcoin Cash Fans Start a 'Torch Passing' Ceremony With a Non-Divisible Token

Bitcoin Money (BCH) supporters have been passing round a distinct sort of ‘LN Belief Chain’ throughout boards and social media. The social experiment for passing digital worth has taken a distinct path to the Lightning Torch as a result of individuals can share the non-divisible SLP Torch onchain for fractions of a penny.

Additionally learn: How to Use Bitcoin When the Apocalypse Hits

The One and Solely Non-Divisible SLP Torch Begins a Passing Ceremony

Over the previous few weeks, Lightning Community (LN) supporters have been collaborating in a social experiment referred to as the Lightning Torch. This entails sharing a small fraction of BTC in a similar way to the Olympic torch passing. A couple of weeks into the LN experiment, a BCH fan referred to as ‘Cipher Gnome’ created a Bitcoin Money (BCH) model of the torch on the Easy Ledger Protocol. After the torch creation on March 6, Cipher Gnome declared that there's only one SLP Torch and the token can't be divided. Since then, identical to the LN experiment, BCH followers have been having enjoyable sharing the scarce token on Reddit and Twitter.

Bitcoin Cash Fans Start 'Torch Passing' Ceremony With a Non-Divisible Token
The genesis creation of the SLP Torch which exhibits there is just one non-divisible coin.

The SLP Torch has handed via the palms of individuals like developer Josh Ellithorpe, Don Wonton, Collin Enstad, Imaginary Username, Souper Nerd, and’s CEO Roger Ver. After Ver had the torch, he determined to cross it to Paul Lambert as a result of Lambert had a tough time attempting to obtain the Lightning Torch attributable to issues. “The SLP Torch has been handed on to the one that beforehand tried to make use of LN to obtain the LN Trust Chain, however failed as a result of it was “years away” from being prepared for precise dependable use,” explained Ver.

Bitcoin Cash Fans Start 'Torch Passing' Ceremony With a Non-Divisible Token
The SLP Torch explorer.

As Far as Belief Is Involved, the SLP Torch Is Fairly Completely different to the LN Belief Chain

Lambert is the brother of Spencer Lambert, the proprietor of the BCH chickens, the well-known poultry that get fed mealworms from individuals paying a BCH-powered machine that dispenses the meals. The subsequent day, Spencer then passed the SLP Torch to a lady named Laura over Twitter. BCH followers can watch the SLP Torch being handed with a special website hosted on Github particularly designed to observe the distinctive token change palms.

In fact, just a few LN supporters didn't like the idea of the SLP Torch, so somebody determined to fork an LN model and a few customers have been passing it to others on Twitter. Nevertheless, BCH fanatics defined on social media that the SLP Torch is sort of totally different to the LN Belief Chain experiment as a result of in lots of respects it's thought of way more trustless. Properly-known BCH proponent Collin Enstad famous the variations between the 2 experiments, stating:

Some issues to notice: [SLP Torch] passing is finished with a non-custodial Badger pockets. There aren't any lengthy invoices that may trip and I didn't need to run a node. I didn't need to have an equal quantity of the “torch” in a channel to obtain the SLP Torch. It was additionally despatched in an onchain BCH transaction for a fraction of a penny.

Total the Bitcoin Money group appears to love the concept of the SLP Torch and the Easy Ledger Protocol usually. Over the previous few weeks, people and organizations have been making a ton of SLP tokens utilizing the BCH chain and sharing them throughout the online. The SLP Torch created by Cipher Gnome is sort of distinctive as a result of it can't be duplicated and divided and when the SLP Torch experiment involves an finish, somebody will maintain a bit of historical past.

What do you consider the SLP Torch? Tell us what you consider this topic within the feedback part under.

Picture credit: Shutterstock, Block Explorer, Pixabay, SLP Torch Explorer, and Twitter.

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