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Home Cryptocurrency news

Decentralized Crowdfunding App Lighthouse Raises 1 BTC for Dark Wallet

Yashu Gola by Yashu Gola
6 years ago
in Cryptocurrency news
Reading Time: 2min read
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As a part of a demo campaign, decentralized crowdfunding application Lighthouse recently raised 1 BTC for the Dark Wallet Fundraiser.

The platform’s chief developer Mike Hearn & team started hosting this project less than a month back. Being a new company, the fundraiser initiator — codename BashCo — simply wanted to test Lighthouse out before moving further with bigger fundraising campaigns for Dark Wallet. This clearly explains why the target was kept such low as 1 BTC.

Upon finalizing Round I, BashCo mentioned a minor hiccup he faced in the pledging system, which was later found to have stemmed from a server-related issue related to reconciliation of pledges. “Somehow Lighthouse registered all the pledges twice,” BashCo stated. ‘I restarted and everything went through fine.”

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Another Dark Wallet Fundraiser Expected

Upon the successful completion of Round I, BashCo is now hoping to use Lighthouse to host yet another crowdfunding campaign for Dark Wallet — this time with a slightly larger amount. “I considered a more ambitious goal of 10 BTC, but this is just a test,” he mentioned at the time of launch. “Assuming the fundraiser is successful, we can try something more ambitious for Round Two.”

No Association with Dark Wallet Team

Several speculations, made during the funding round, called BashCo one of the developers of Dark Wallet, probably due to his highly enthusiastic approach to take the crowdfunding project towards its conclusion. The anonymous identity however declined any association with the Dark Wallet team, instead he called himself someone who simply supports privacy-supporting initiatives.

Image from Darkwallet.

Source from Reddit

Tags: bitcoinBitcoin fundraiserbitcoin walletcrowdfunding campaignDark WalletLighthouse BitcoinNewsOther
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Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN. Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

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