Pizza has always been an integral part of the bitcoin and cryptocurrency industries.
Domino's French company is holding a competition, the company will give a reward of 100,000 euros ($110,000) to celebrate its 30th birthday. The winner can decide to get the bonus in the form of French or Bitcoin.
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The competition will last from September 4th to October 6th. The specific form of participation is to buy a pizza at the Domino's pizzeria and then register the purchase information online to participate in the sweepstakes.
But why is the combination of Bitcoin and Pizza? There is a past between the two. In May 2010, programmer Laszlo Hanyecz spent 10,000 bitcoins (then worth $41) to buy two great John Pizza. At today's prices, the two pizzas are worth more than $100 million. This is the first time Bitcoin has been used to purchase physical objects, so there is a celebration of the Bitcoin Pizza Festival.
The story of Bitcoin and Pizza continues today, ten years later. Earlier this year, Bitcoin paid up the new Fold to launch Lightning Pizza, a fun website based on Lightning Network, which allows consumers to purchase Domino's pizza through Lightning Network transactions, which are almost instant and free, and very secure.
Fold product manager Will Reeves said:
"We want to make Bitcoin very interesting, hoping to prove that the Lightning Network is ready to go mainstream."
Although some people think that the story of Bitcoin and Pizza should be a reminder – don't use Bitcoin as a medium of exchange, but some people disagree.
At an event in Los Angeles, Mati Greenspan, principal analyst at broker eToro, said that without the story of Laszlo and pizza, "we may not have today's achievements."
Indeed, Laszlo has shown the world that Bitcoin can actually be used as a medium of exchange, especially in digital environments.
Although the dream of global payment has not yet been realized, Twitter CEOs have said that Bitcoin does not currently have the conditions to become an Internet currency, but solutions such as Lightning Network are being implemented smoothly.
