Flash Bridge is live.
Average total transaction time from SOL -> BTC (@spark network) is <1 min.
Depositing to @luminexio & trading on @flashnet just got faster & easier.🤝
https://t.co/e5OaoKJX2H
So many fun ponzi ideas..
Thinking maybe a real PoW coin on solana.
It would either be PoW (proof of work) (likely ETCHash or KawPoW)
or Proof of Space, similar to Chia Coin last cycle where you mine by plotting hard drives.
Would be a fun change of pace.
An additional 7% (70m $fBRIDGE ) has been linearly vested over the next 1 year.
Our total vest / lock is 18% which unlocks linearly providing a steady rate for Marketing Campaigns, Airdrops, and Team Dividends.
https://t.co/6fZGzqZYU8
Flash Bridge leverages a suite of cross chain exchanges to swap SOL, BNB, & ETH into BTCLN (Bitcoin Lightning Network) at near instant speeds.
Our host wallet creates non specific LN invoices to bridge this on receipt to @spark network where they're forwarded to the customer.
An additional 5% of the Flash Bridge token supply has been vested linearly for the next year.
A total of 8% is in locked safes - this is to motivate the long term success of our project.
https://t.co/juAYoAw7dS
The problem:
Current @flashnet bridges require you to convert to traditional bitcoin, wait ~30 mins for confirmations, then receive your sparkchain BTC.
Flash bridge will be native to sparkchain, enabling users to receive near instant bitcoin settlement from outside chains.