Unofficial World Record Set For Highest Amount of P2P Bitcoin Lightning Transactions Paid In 3 Minutes

The Praia Bitcoin experimentation acceptable a grounds with P2P transactions occurring each 3 seconds.

On February 18, 2023, a caller satellite grounds for peer-to-peer (P2P) bitcoin transactions was established utilizing the Lightning Network. The Praia Bitcoin experiment, a Brazilian nonprofit societal project, was capable to execute 71 P2P bitcoin transactions successful conscionable 3 minutes and 33 seconds, making it the largest fig of P2P bitcoin transactions via Lightning to hap successful the shortest clip possible. 

Kits were distributed to students and residents of the colony of Jericoacoara, containing a piggy bank, a t-shirt and a Bitcoin debit paper (Bolt Card), and utilizing this, a outgo was made each 3 seconds.

Children were capable to usage the paper by tapping it astatine 21 section merchants, arsenic good arsenic buying fruits astatine schoolhouse for 10 sats, astir 1 cent successful Brazilian currency. All of this was done with nary smartphone required. The inaugural was organized by Fernando Motolese, Vinicius Kinczel, and Lucia Helena Buso and was supported by 2go Fintech, Bipa CEO Luiz Parreira, and Bitcoin Beach. The accomplishment was audited by Lucas Ferreira of Lightning Labs, confirming that the funds traveled betwixt the Bitcoin servers and were disposable successful the Lightning wallets of the participants.

Fernando Motolese, laminitis of Praia Bitcoin, explained wherefore the grounds is important. "This grounds is impervious of the powerfulness of Bitcoin and that it's acceptable for the masses," helium said. "We're excited to spot what the aboriginal holds for the Lightning Network, and we anticipation this accomplishment inspires different communities to follow Bitcoin arsenic a mean of speech and who knows, possibly adjacent surpass our record."

The Praia Bitcoin squad plans to effort a caller effort to interruption their ain grounds aboriginal this year, but this clip with the Guinness Book of World Records squad successful attendance, successful bid to marque it an authoritative record.