Lolli Launches Bitcoin Lightning Network Withdrawals

Lolli’s integration with Lightspark’s Spark SDK introduces instant, low-cost Bitcoin reward withdrawals via Lightning Network, addressing user concerns after delays following its Thesis acquisition.

BTC

Summary

Bitcoin rewards app Lolli has integrated Lightspark’s Spark SDK to enable Lightning Network withdrawals for rewards. Spark, developed by Lightspark, offers instant, low-cost, self-custody Bitcoin and asset transactions. This update addresses user complaints stemming from the suspension of reward transfers after Lolli’s acquisition by Thesis in July and subsequent backend migration. The new functionality restores and improves reward withdrawal speed and cost efficiency.

Terms & Concepts
  • Lightning Network: A payment protocol on Bitcoin enabling faster, low-cost transactions by conducting them off-chain.
  • Layer2 protocol: A secondary framework built on top of a blockchain to improve transaction speed and reduce costs.
  • Bitcoin rewards app: A platform that grants Bitcoin as incentives for purchases or activities.