When you look at the public nodes map on the Lighting Network of Bitcoin, the United States of America and Europe are packed with them. The other part of the world is a sea of blankness with a few speckled islands.
Africa emerges to have a total number of eight nodes. From the map, industrialist and an IT guru, Chimezie Chuta concluded that he is the only man in the whole of Nigeria to have a Lightning Node.
A vital caveat is that most users could be operating nodes without representing them to the rest of the world. However, all said, Lighting activity appears sparse on Africa.
Chuta intends to change the fact and just like most Bitcoiners, and he trusts that operating a network node is among the best methods to become beyond doubt rich. He stated that a lighting node in to be exact. At the same time, investigational and may be dangerous to use, permits Africans to make some money by fees method of spreading wealth across the network.
To that ending, BlockSpace technologies Africa Inc, which is owned by Chuta, has discharged a Bitcoin kit and a Lighting node, containing all the pieces of hardware for assembly, named SpaceBox hoping that the technology would expand across the Africa continent.
Chuta stated that according to him, the move would assist most people living in the world’s low-income regions become part of the Bitcoin network. He added that beyond speculation and trading, Africa appears to have no representations.
Most Africans lack access to monetary services such as traditional bank accounts. In the year 2015, the World Bank approximated that about 350 million people staying in Sub-Saharan Africa did not have banks. In hypothesis, operating the pair of nodes would link Africans to a further modern monetary system and in a way that offers them better visibility and manage over their money other than depending on third parties.
The SpaceBox costs about 210,000 naira, which has an estimated worth of about $541. The critical component of the kit is a minute hobbyist computer named the Raspberry Pi operating on the open-source dubbed, Raspblitz software used for Lighting nodes. It also contains a solar panel module, because most Africans do not have access to electricity.
Chuta confirmed that their objective is to elevate an army of packed Bitcoin Lighting node machinists to mark every corner and cranny of Africa in the subsequent year. He added that their plan on selling and deploying not less than 250 nodes in the coming six months.