Cointime

Download App
iOS & Android

Nigerian Innovator Launches First Active Bitcoin Lightning Node in the Country

A Bitcoin Lightning Network node (BTC) has struck the earth in one of the most challenging operating environments. Lagos, the capital of Africa’s most populous country, Nigeria, welcomed a new Bitcoin Lightning node this week, a vital step to better connect the continent to the layer-2 payments network atop Bitcoin, the Lightning Network (LN). 

The node runs on an old laptop powered by a diesel generator as Lagos regularly experiences energy and electricity blackouts.

Megasley's diesel generator and laptop running the node. Source: Megasley 

In a discussion with Cointelegraph, Megasley, who is the first Nigerian Lightning node of 2023 and the first active Lightning node in the country (as other nodes are dormant), Megasley shared his vision for bringing instant and low-cost payments to Africa thanks to the LN.

"Light takes 50ms to cross the earth. This is quick, but with many hops this milliseconds can add up and when you're standing at a point of sale waiting for your payment to clear it can be frustrating.”

Megasley explained his wish for Africans to have instant and as close to free as possible payments. “If a Nigerian Bitcoiner and a Nigerian retailer are both connected to a node in Nigeria, it will give them the best lightning experience," Megasley added.

Nigeria Free Routing is live!The lightning network is now alive and routing on the ground in Lagos .Please share and support us by opening a channel to us: https://t.co/nClBZbW4zA pic.twitter.com/hGsKobyjzY

— Africa Free Routing ⚡ (@FreeRoutingAf) January 10, 2023

According to the explorer services Mempool and Amboss, the operator is currently the only active node on the map in Nigeria. By spinning up an active node in Nigeria, the operator aims to make lightning payments as accessible as possible to Africans.

When asked about the importance of building out an extensive network of nodes across the globe to facilitate Bitcoin payments, the node runner explained, "If Bitcoin is to succeed it must become a better, easier, faster medium of exchange than the incumbents. To get there we need to build out an extensive network of nodes across the globe to facilitate these payments."

Megasley also touched on Bitcoin price volatility and its perception in Africa: "People talk about the problem of volatility but this is nothing when you live in a place where your money could easily lose half its value in a year.”

“Africa has rotten money controlled by rotten people and this is why we need Bitcoin. We will take the power of money away from them so that the enormous potential of the African people can thrive."

Indeed, there has been a surge in Bitcoin adoption among the countries that use the Central African Franc, bolstered by Bitcoin conferences and forums in Senegal and Ghana. Although Nigeria has shown promising signs of Bitcoin adoption, such as legal tender discussion, the legacy financial system has imposed further restrictions in 2023.

For example, Nigerians will only be allowed to withdraw $44 dollars per week per individual and a maximum of $11,000 for businesses in 2023, as per the government’s efforts to phase out cash. As a reminder, Bitcoin has no limits or restrictions for its use. To transact freely on the Bitcoin network, users require a phone and an internet connection; there are no limits.

The establishment of a Bitcoin lightning node in Nigeria is a significant step towards increasing accessibility and adoption of the cryptocurrency in the country and the continent as a whole. Ultimately, Megasley hopes to empower individuals and businesses in Africa to take control of their financial future.

Comments

All Comments

Recommended for you

  • 38,244.04 DMD Permanently Burned in the Past 7 Days

    On June 25, 2026, the latest on-chain data from DMDAO revealed that a total of 38,244.04 DMD has been permanently burned through the established transaction and wealth management burn mechanisms over the past 7 calendar days.

  • BTC Falls Below $60,000

    Market data shows that BTC has fallen below $60,000, currently priced at $59,954.84, with a 24-hour decline of 4.19%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ETH Drops Below $1600

    Market data shows that ETH has fallen below $1600, currently priced at $1597.55, with a 24-hour decline of 3.81%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Billionaire Philippe Laffont Prefers Investing in Space Over Bitcoin

    Philippe Laffont, founder and portfolio manager of Coatue Management, stated on the Squawk Box program that he is currently unable to determine his stance on Bitcoin. He mentioned that he is rethinking Bitcoin's positioning and expressed a preference for investing in space over Bitcoin. (thestreet)

  • Tech Giants' Data Center Leasing Commitments Exceed $850 Billion

    On June 24, an analysis by Bloomberg of regulatory filings revealed that as tech giants compete to expand their server clusters, the total amount of future data center leasing commitments by large cloud computing companies has continued to rise over the past year, surpassing $850 billion. Last quarter, Meta added leasing commitments of $79 billion, a 76% increase from the previous period; as of March 31, the total reached $182.9 billion. Meta CEO Mark Zuckerberg has stated that the company plans to invest hundreds of billions of dollars in AI infrastructure by 2030. Microsoft followed closely, adding over $41 billion in leasing commitments, bringing its total to $196.6 billion.

  • Address with $34.61 Million Long Position in 21,000 ETH Faces $1.696 Million Loss at 18x Leverage

    According to on-chain analyst Ai Yi, a certain address took a long position of 21,000 ETH with 18x leverage yesterday, amounting to approximately $34.61 million. Currently, it is facing an unrealized loss of $1.696 million, with an opening price of $1,728.5 and a liquidation price of $1,590.1.

  • U.S. 10-Year Treasury Yield Falls to 4.4138%, Lowest Since May 11

    On June 24, the yield on U.S. 10-year Treasury bonds fell to 4.4138%, the lowest level since May 11. The yield on U.S. 30-year Treasury bonds dropped to 4.8572%, the lowest since April 15.

  • Crypto Market Liquidations Reach $134 Million in the Last Hour, with $125 Million in Long Liquidations

    According to CoinGlass data, the total liquidation amount across the network in the last hour reached $134 million, with long liquidations accounting for $125 million and short liquidations amounting to $8.539 million.

  • BTC Falls Below $61,000

    Market data shows that BTC has fallen below $61,000, currently priced at $60,986.03, with a 24-hour decline of 2.88%. The market is experiencing significant volatility, so please ensure proper risk management.

  • International Oil Prices Plunge as U.S. Oil Futures Fall Below $70

    On June 24, international crude oil prices continued to decline, with U.S. WTI crude oil futures falling below the $70 per barrel mark during trading, down 4.4% for the day, reaching a new low since March 2, and reverting to levels seen before the outbreak of the Iran conflict. Brent crude oil futures for August dropped 4.5%, settling at $73.6 per barrel. Market expectations of easing tensions in the Middle East, a recovery in Iranian oil supply, and rising interest rate expectations due to U.S. inflation have pressured oil prices.