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(Bonus) David Marcus And Lightspark
Apr 8, 2024
David Marcus, CEO and founder of LightSpark and former Meta and PayPal executive, dives into his ambitious plans for the Lightning Network and Bitcoin. He discusses how LightSpark's technology aids Coinbase in improving transaction efficiency for users. The conversation highlights global payment innovations, including the Universal Money Address, aimed at simplifying currency exchange. Marcus also shares insights on partnerships within the crypto sector and the future of decentralized social networking, emphasizing the potential for economic growth in the gig economy.
19:54
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Quick takeaways
- Lightspark enables faster, cheaper Bitcoin transactions through the Lightning network and UMA addresses.
- Lightspark aims to revolutionize global money flows with real-time currency conversions and enhanced user experiences.
Deep dives
Implementation of Lightning for Faster Bitcoin Transactions
Coinbase is set to implement the Lightning network using the Lightspark stack, enabling faster and cheaper transactions on the Bitcoin network. This new layer two payments protocol allows real-time movement of Bitcoin at a fraction of the cost compared to layer one transactions. Users will experience instantaneous, low-cost Bitcoin deposits and withdrawals through lightning addresses across various wallets, exchanges, and institutions.
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