Flashnet recently secured a $4.5 million seed funding round, spearheaded by Abstract Ventures, to develop a Bitcoin-native decentralized exchange (DEX) using Spark, a Bitcoin Layer 2 solution. Designed to operate without custody, Flashnet aims to enhance user self-custody through its innovative multi-party computation wallets. The platform facilitates instant transactions and aims to tackle major challenges in the Bitcoin and Lightning ecosystems, positioning itself as a competitive alternative to centralized exchanges like Uniswap. The project highlights the growing potential for Bitcoin Finance with new developments in decentralized trading platforms.
Flashnet's innovative Bitcoin-native DEX combines self-custodial transactions with multi-party computation, addressing key challenges in decentralized finance. It aims to rival centralized exchanges.
Flashnet's Flashnet aims to leverage the potential of Bitcoin and Lightning's L2 capabilities, offering users an efficient platform for decentralized trading.
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