An Electric Bike Running on a BTC Lightning System
Matthias Steinig, a developer from Germany whose primary focus is on developing technology solutions powered by the lightning network, has designed two main projects that are quite notable in the field. His first endeavor was an e-commerce system that is compliant with lightning Txs within the conventional web structure. His second project is very compelling and original; he designed an electric bike that can be rented which permits the rider to use BTC to pay for any power used by the bike's motor.
Steinig’s bike is composed of two main elements within its rental system, which runs of Raspberry Pi hardware and has a simple code that is written on Python opening the door for developers to build upon it for commercial uses. The first part is the server that gives authorization to the battery in order to provide a boost for an agreed upon length of time, and the second one consists of a wireless receiver and an attached LCD screen. The invention has been designated the name Lightning Bike, in which the rider pays a very small amount, about 250 satoshis, for 1 minute, and the battery starts to kick on during the boost.
The software component of the product is written using Python to produce the open-source code. In regards to the hardware, Raspberry Pi Zero is the best option because it represents the smallest device offered from the brand. Steinig states that it is likely any ARM processor dependent on the Raspberry system could be used as a relative substitute after some small modifications to the code.
When it comes to the server, the initial model has a Raspberry Pi 3, which is a little larger. But this can easily be replaced with a server of a larger scale if it is to be used on a lot more bikes. Another system would need to be added for the user to pay for the rental.
There has been an ongoing debate in the BTC world on whether the coins should be used to purchase trivial items like a cup of coffee, for instance. One side saw that the overall size of the BTC blocks has to be increased in order to comply with the low Tx fees, while another opinion states that second-layer systems, such as the lightning network, is more efficient. Steinig’s innovative design shows that BTC can be used not just for a cup of coffee, but for even smaller Txs as the base unit for his creation stands at about $0.02. Such a very simple creation shows the high speed and real efficiency of the lightning system which provides the payment of Txs in no time.