Lightning Network users can now enjoy a little gambling. The release this week of Lightning Spin, a LN-based roulette platform, signals more developers are entering the space. Lightning Network Apps (Lapps) play a major role in adoption and this latest platform is sure to hit a cord with those who love the LN and gambling.
The Lapps developer, Rui Gomes took to Twitter to officially announce his new platform. This Portuguese-based developer is also the innovative mind behind OpenNode. The OpenNode platform is touted as the world’s first multi-layered BTC payment processor specifically designed for merchants.
In a public statement, Rui explained that people have criticized BTC because it can no longer be utilized for fast micropayments. Many in the cryptocommunity point to this as Satoshi Nakamoto’s originally intended vision for BTC. He also explains that while he is the first Lightning Powered gambling platform, he doesn’t expect to be the last.
The platform is already seeing a lot of use. In the first 24-hours Lightning Spin is already showing 4,820 LN invoices created, 813 LN transactions, and 3,126,659 Satoshis paid out. 183 people have already visited the platform and 2,930 spins have been reported. All of these transactions were done off-chain and did not add any congestion to BTC’s already slammed blockchain network.
Today the platform is showing some impressive growth. According to the meters located on the website, 299 players have tried their hand so far. This equates to 7,349 spins with over 4.2 million Satoshis paid out to winners.
Lightning Network Developers Support the Venture
Yes, LN supporters are standing behind this project and Rui even thanked @lightning team for creating LND, @joaodealmeida94 for technical guidance, and @masen_io for helping with the design of the project.
Upon arriving at Lightning Spin you are greeted with a digital roulette wheel. The interface is clean and easy to understand. You have a section that shows your current balance, your wager amount, and the multiplier.
The max bet on the platform is 100000 Satoshis at 5x. Winners would take home 500,000 Satoshis at this level. The minimum allowed bet is 1000 Satoshis at 2x; giving the winner 2,000 Satoshis for their efforts. Users can examine all of the results from previous spins simply by scrolling down the webpage.
More Lightning to Come
This latest Lapp is just one of many new platforms centered around the micro-transaction capabilities the LN possesses. This month has already seen the introduction of multiple Lapps including Satoshisplace, a LN powered whiteboard and Poketoshi, a LN-powered Nintendo Pokémon hybrid.
The LN is giving BTC users a return to the days of fast payments and minuscule fees. You should expect to see a flood of new Lapps enter the cryptospace as the LN inches along towards final completion.
What do you guys think? Are you feeling lucky today? Let us know in the comments below.