In the latest crypto news, we see the financial derivatives giant Fidelity Investments has officially received and passed on the Lighting Tech, in an official tweet that was sent by the company this February 22nd.
For those of you who don’t know, the Lighting Torch is a blockchain solution that started when the Twitter user and Bitcoin enthusiast Hodlonaut first sent 10,000 satoshis (the smallest bits of Bitcoin) to another Lighting user who adopted another 10,000 satoshis and passed it on.
Fidelity passed this solution to the Harvard School Blockchain & Crypto Club in the wake of the upcoming dedicated conference. Before this, the torch was held by the 88-year old grandma of another crypto enthusiasts and the CEO of Twitter, Jack Dorsey, who held it at the beginning of the current month.
The Lighting Network is the mother protocol that works as a second layer on top of a blockchain. According to many entusiasts, it is a potential fix to Bitcoin’s scaling problem. Fidelity now manages over $7.2 trillion in client assets after in October last year, it announced the launch of a new company, Fidelity Digital Asset Services, that targets institutional crypto assets and investors.
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