CoinVoice has learned that, according to The Block, the Bitcoin rewards app Lolli now supports withdrawals on the Bitcoin Lightning Network after completing integration with Spark. This move may help address some user complaints raised since Thesis acquired Lolli in July. Spark is an open-source Bitcoin Layer 2 protocol developed by Lightspark that enables instant, low-cost, self-custodied transactions of Bitcoin and Bitcoin-based assets, fully compatible with the Lightning Network. The two companies stated that Spark’s Software Development Kit (SDK) will provide Lightning Network withdrawal support for Bitcoin rewards held on the Lolli platform. The acquisition of Lolli by Thesis has faced criticism from some users. Shortly after the acquisition announcement, Lolli paused all Bitcoin reward transfers and withdrawals to migrate its backend to Thesis’s infrastructure, which caused dissatisfaction among some users. Additionally, before allowing on-chain Bitcoin or Lightning Network transfers, Thesis integrated Mezo Bitcoin scaling and programmable layers compatible with the Ethereum Virtual Machine (EVM) into Lolli, further angering some users.
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Bitcoin reward app Lolli now supports withdrawals on the Lightning Network
CoinVoice has learned that, according to The Block, the Bitcoin rewards app Lolli now supports withdrawals on the Bitcoin Lightning Network after completing integration with Spark. This move may help address some user complaints raised since Thesis acquired Lolli in July. Spark is an open-source Bitcoin Layer 2 protocol developed by Lightspark that enables instant, low-cost, self-custodied transactions of Bitcoin and Bitcoin-based assets, fully compatible with the Lightning Network. The two companies stated that Spark’s Software Development Kit (SDK) will provide Lightning Network withdrawal support for Bitcoin rewards held on the Lolli platform. The acquisition of Lolli by Thesis has faced criticism from some users. Shortly after the acquisition announcement, Lolli paused all Bitcoin reward transfers and withdrawals to migrate its backend to Thesis’s infrastructure, which caused dissatisfaction among some users. Additionally, before allowing on-chain Bitcoin or Lightning Network transfers, Thesis integrated Mezo Bitcoin scaling and programmable layers compatible with the Ethereum Virtual Machine (EVM) into Lolli, further angering some users.