Flash Protocol (FLASH)

Flash Protocol is a new Taproot-powered & decentralized protocol to mint, trade and earn Bitcoin native assets / NFT at high transaction speed and low transaction cost.

Whitepaper

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Interest lvl

Low

Updated: Mar 09, 2024

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User Rating

Medium

3/5 • 1 votes

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Ticker

FLASH

Type

Utility-token

Registration year2023

Ecosystems

Bitcoin

What is Flash Protocol

Flash Protocol is a decentralized protocol that allows users to issue assets (Taproot Assets) and Taproot NFT on Bitcoin. FlashVM, a computational engine built on Flash Chain, is designed for smart contract-like functionalities for Bitcoin.

Powered by Lightning’s release of Taproot Assets, Flash Protocol enables issuance and trading Bitcoin native assets on the Bitcoin blockchain, all while ensuring a smooth, congestion-free mainnet. FlashVM, on the other hand, enables BTCFi functionalities such as staking, swaps and lending for Bitcoin native assets.

Flash Protocol offers four key use cases:

• Initial assets and NFT issuance, a 100% permissionless and cost effective process
• BTC Angel Hub, a Gitcoin-like platform to support Taproot ecosystem projects
• Marketplace designed specifically for enhancing asset liquidity
• BTCFi on Flash Chain

Flash Chain is infrastructure for advanced BTCFi functionalities such as staking, swaps and lending for Bitcoin native assets.To enable the use cases such as BTCFi, a FlashVM will be realized on Flash Chain.