Recently, Flashnet Declare It raised a seed tour of $ 4.5 million, led by abstract projects with the participation of Robo administration And others.
Flashnet is the original Dex Bitcoin depends on Spark (Bitcoin L2 designed between the Flashnet and Lightspark team). It is designed to compete (Excination) CEX with any of the nursery.
Spark provides immediate and unlimited self -monopoly transactions from bitcoin and symbols with users also enables to send and receive the lightning via lightning. It is open source and secured by Bitcoin. SPARK is designed to address the remaining challenges of Bitcoin and Lightning, with a focus on limiting the portfolios of self -needs and empowering Stablecoins on Bitcoin.
I personally I am a fans of the last L2 suggestions like ARK or Spark trying to supplement LN instead of trying to replace it. The presence of this ecosystem to expand the scope of victory opens the design space for something great – the UniswAP passage and bring all fees to Bitcoin. This is why I am very shouted to the Bitcoin (BTCFI) financing for Bitcoin.
Of course, the question remains, are we really talking about an “decentralized” exchange here?
From the available documents, here is how Flashnet works:
- When the user puts an end or an order on the market, they send money to the MPC (multilateral account), where the user, the stock market and a group of auditors work as locations. The money in the MPC wallet is not required until a match is made, similar to how approvals work in Ethereum. For high -size market makers and representatives, there is an option to keep money in the MPC portfolio to avoid the need for a spark for each request, in which case they become authenticated, which incur more confidence.
- MPC wallet receives the orders of the Maker/Taker signed to settle the professions and start the dispersion of the boxes. All investigators must agree on the user’s intention to match the opposite party order, ensuring that the order to reduce 100 BTC is only valid if the opposite party command corresponds to or exceeds 100 BTC. This intention is known due to the signed requests for the user when the application is placed.
- All deals are settled immediately and at the spark through the original atomic exchange mechanism. Confidence is only necessary in a short period between matching and settlement, which only lasts a few millimeters. In addition, users can exit from one side of MPC at any time using the exit feature from SPARK from one side, and provide an additional layer of safety. .
This development not only completes Lightning, but also pushes the Bitcoin ecosystem towards more adoption and benefit, exposing the reason for the return of investment in the devastating lightning technologies for the Bitcoin future.
This article is a Take. The opinions expressed are fully author and do not necessarily reflect the views of BTC Inc or Magazine Bitcoin.
Guillaume articles in particular may discuss topics or companies that are part of his company’s investment portfolio (Robo administration). The views expressed are only his own and do not represent the opinions of the employer or his subsidiaries. He does not receive any financial compensation for this. Readers should not consider this content as a financial advice or support for any specific company or investment. Always do your research before making financial decisions.