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Just spotted something interesting for anyone watching the Bitcoin L2 space. Spark Bitcoin dropped yesterday—December 1st to be exact.
Here's what caught my eye: it's running on Flashnet tech, which is kinda fresh. The backing lineup? Pretty solid. Ribbit Capital jumped in, a16z crypto's on board, Tether's there, and Paradigm rounded it out.
Technical bits that matter: deposits need 4 block confirmations to go through. Blocks are minting roughly every ten minutes—standard BTC timing.
Still early days for this layer-2, but the foundation looks legit. Worth keeping tabs on if you're tracking Bitcoin scaling solutions.