The Praia Bitcoin experiment set a file with P2P transactions going on each 3 seconds.
On February 18, 2023, a brand new global file for peer-to-peer (P2P) bitcoin transactions was once established the usage of the Lightning Community. The Praia Bitcoin experiment, a Brazilian nonprofit social undertaking, was once ready to accomplish 71 P2P bitcoin transactions in simply 3 mins and 33 seconds, making it the biggest collection of P2P bitcoin transactions by way of Lightning to happen within the shortest time imaginable.
Kits have been disbursed to scholars and citizens of the village of Jericoacoara, containing a piggy financial institution, a t-shirt and a Bitcoin debit card (Bolt Card), and the usage of this, a fee was once made each 3 seconds.
Youngsters have been ready to make use of the cardboard by way of tapping it at 21 native traders, in addition to purchasing end result in school for 10 sats, roughly one cent in Brazilian foreign money. All of this was once carried out without a smartphone required. The initiative was once arranged by way of Fernando Motolese, Vinicius Kinczel, and Lucia Helena Buso and was once supported by way of 2go Fintech, Bipa CEO Luiz Parreira, and Bitcoin Seashore. The success was once audited by way of Lucas Ferreira of Lightning Labs, confirming that the finances traveled between the Bitcoin servers and have been to be had within the Lightning wallets of the members.
Fernando Motolese, founding father of Praia Bitcoin, defined why the file is essential. “This file is evidence of the ability of Bitcoin and that it is in a position for the hundreds,” he stated. “We are excited to peer what the longer term holds for the Lightning Community, and we are hoping this success conjures up different communities to undertake Bitcoin as a medium of change and who is aware of, perhaps even surpass our file.”
The Praia Bitcoin staff plans to take a look at a brand new try to ruin their very own file later this yr, however this time with the Guinness E-book of Global Data staff in attendance, in an effort to make it an respectable file.