Lightning is coming to 100M+ Coinbase Users
Coinbase selects Lightspark to bring Lightning to Coinbase
Hi Bitcoin Builders,
Happy Bitcoin Halving Month! The Bitcoin Builder ecosystem continues to heat up. We’re here to provide you with some signal in the noise.
This week, Coinbase selected Lightspark to bring the Lightning network to Coinbase.
Coinbase has over 100 million users, and Lightspark will help bring fast and cheap Bitcoin payments to these users via the Lightning Network. Lightspark has been building on Lightning since 2022 and is led by former PayPal president David Marcus.
From Lightspark’s announcement,
“Lightspark effectively removed most of the complexity that typically comes with implementing and managing a Lightning node and sending/receiving transactions reliably.”
Bitcoin Layers
BitVM is continuing to show progress. Robin Linus, the creator, notes that the Blake3 transaction has been mined. This mined transaction marks the most sophisticated Script on Bitcoin’s blockchain and is a step closer to making BitVM possible.
Also, Bitcoin Magazine dives deeper into BitVM.
Bitcoin Layers (bitcoin layers.org) shares more about its framework for analyzing Bitcoin Layers' risks. The framework focuses on four key areas: Unilateral Exits, Data Availability, Block Production, and State Validation.
They also released their first analysis on Stacks.
Velodrome, a trading and liquidity marketplace on Optimism, is deploying on Building on Bitcoin (BOB).
Ethena Labs, the creators of the synthetic dollar USDe, added BTC as a backing asset to USDe.
Meta Protocols and Layer 1
Casey Rodarmor, creator of Ordinals and Runes, believes we’ll see OP_CAT on Bitcoin. Some Bitcoin Builders advocate for introducing OP_CAT: a proposed Bitcoin opcode (operation code) that would allow the joining of two values on the Bitcoin scripting stack.
Bitfinex moved $12 billion in value for $12 — a reminder of the power of Bitcoin. Move huge amounts of value around the world for a small fee.
Franklin Templeton, an established asset management firm with over a trillion USD under management, analyzes Ordinals.
More
March Bitcoin ETF trading volume hits 110 billion, tripling February’s volume.
The Stacks Nakamoto Upgrade is approaching. Tycho, founder of Stacking DAO and Zest on Stacks, shares design decisions that went into the upgrade.