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TheBitcoinManual 1y ago

I'm seriously getting "Bitcoin L2" fatigue but having another #statechain implementation is a bold move from Lightspark, now we have Spark and Mercury layer pushing this idea forward

https://www.spark.info/

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code monkey 1y ago

Don't you run into the same onboarding UTXO creation issue to fund the statechain? Or do the "leaves" split off chain custody of the same UTXOs? I think I gotta read this whole thing to try to understand it.

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Gísli Kristjánsson 1y ago

According to the documentation, you are able to onboard a UTXO and then split it into leaves offchain, i.e. on the statechain (if that’s what you’re thinking about).

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code monkey 1y ago

Yes! That's what I was trying to understand. Cool to see this stuff starting to get more widely implemented.

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StackSats.IO 1y ago

Catering to the tradfi retards who want to ensure OFAC compliance?

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TheBitcoinManual 1y ago

I just briefly glanced at it but yes looks like a regulated distributed custody layer with the feeling of being non-custodial, not sure if this reduces cost versus just doing custody or whats the incentive behind it, but I do like the idea of statechains and maybe some good development and learnings comes from it