A micropayment blogging platform created by Lightning Labs developer Alex Bosworth has seen nearly 20,000 crypto micropayments via the Lightning Network in the past seven months, industry website Coindesk has reported.
The Yalls blog, launched just over a year ago, utilises the Lightning Network to allow authors to receive micropayments for the content they publish on the platform. According to Coindesk, reading a Yalls article costs roughly one cent, while leaving a comment on a post costs around half a cent. Readers can also react to a post with emoji, which is priced at 10 cents. Publishing an article, on the other hand, is free.
Bosworth told Coindesk that from April to early November Yalls participants have processed nearly 20,000 invoices with the Lightning Network. The developer is a big supporter of the micropayment model.
“One nice thing about micropayments is that it brings back anonymity to the web,” Bosworth said, as quoted by CoinDesk. “I’m really a fan of the idea that your identity doesn’t have to be tied to a username and password.”
Readers have so far opened over 118 Lightning nodes through the platform to facilitate payment channels. They have paid for 675 emoji reactions and 194 comments from July to early November, while authors have collected their fees at least 432 times during the same period. Notably, this level of engagement has been achieved without any marketing on Bosworth’s part.
The project has seen its fair share of technical difficulties, especially in the early stages of its development. “In the beginning of the site there were problems keeping the node online. If the node died, you couldn’t read any articles or do anything on the site. I had to really babysit the node,” Bosworth said. “Over time, that feedback made its way back to LND [Lightning Network Daemon] and now the node is pretty stable.”
While the model has not evolved to the point where it could support mainstream media outlets, it at least provides an early glimpse of what could one day be achieved with the help of the Lightning Network.