If you have been involved in the bitcoin market, then chances are that you’ve heard of Bitcoin Pizza Day, a celebration of the time when Laszlo Hanyecz purchased two pizzas with 10,000 BTC, in order to prove that the digital currency can be used as a means of value.
When it happened, the transaction represented one of the world’s first purchases made directly via the digital currency. At current value, this is roughly worth over $100 million, a massive price for two pizzas.
Now, recent reports indicate that the early adaptor and bitcoin developer, wanted to test out the Lightning Network, a fairly controversial technology whose purpose is to run parallel to a blockchain, to speed up transactions. To do this, Hanyecz decided to purchase 2 pizzas for 0.00649 BTC, equal to $67 at the current market value. The transaction cost for this purchase using the Lightning Network was of only 6 U.S. cents, considerably lower when compared to current transaction fees for bitcoin.