#Spark is a new payment solution with the goal to mitigate shortcomings of Lightning. Curious about your thoughts on this:
“Spark is a Bitcoin L2 that enables instant, dirt-cheap, and unlimited self-custodial transactions of bitcoin and tokens while also enabling users to send and receive natively via Lightning. It's open-sourced and secured by Bitcoin.
Spark Diagram
Spark is purpose-built for payments, and as such enables the following:
Native BTC
Full self-custody
Instant settlement
Extremely low fees
Native tokens (e.g. stablecoins)
Native Lightning interface without needing to run a Lightning node
Ability to scale to billions of users
1/n trust assumptions (or minority/n) with the risk only at the time of transfer, not in perpetuity
Unconditional unilateral exits
Capital efficiency (no pre-funding, liquidity lockups, etc.)
Exists without the need for a new Bitcoin OPcode or any Bitcoin changes (although improves when they're available)
What Spark is not:
100% trustless on day one
A new Bitcoin L2 launching a token”
https://www.spark.info/
Oliver / oliver
npub18s…us7ny
2024-10-25 20:55:31 UTC
Author Public Key
npub18su60dfaajdvskk0pzexwcm6npq7dhmm0v84u2k9d2x0zp77xldquus7nySeen on
wss://nostr.momPublished at
2024-10-25 20:55:31 UTCEvent JSON
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"content": "#Spark is a new payment solution with the goal to mitigate shortcomings of Lightning. Curious about your thoughts on this:\n\n“Spark is a Bitcoin L2 that enables instant, dirt-cheap, and unlimited self-custodial transactions of bitcoin and tokens while also enabling users to send and receive natively via Lightning. It's open-sourced and secured by Bitcoin.\n\nSpark Diagram\nSpark is purpose-built for payments, and as such enables the following:\n\nNative BTC\nFull self-custody\nInstant settlement\nExtremely low fees\nNative tokens (e.g. stablecoins)\nNative Lightning interface without needing to run a Lightning node\nAbility to scale to billions of users\n1/n trust assumptions (or minority/n) with the risk only at the time of transfer, not in perpetuity\nUnconditional unilateral exits\nCapital efficiency (no pre-funding, liquidity lockups, etc.)\nExists without the need for a new Bitcoin OPcode or any Bitcoin changes (although improves when they're available)\nWhat Spark is not:\n\n100% trustless on day one\nA new Bitcoin L2 launching a token”\n\nhttps://www.spark.info/",
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