{"id":61380,"date":"2022-05-13T08:36:39","date_gmt":"2022-05-13T05:36:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61380"},"modified":"2025-09-05T11:49:04","modified_gmt":"2025-09-05T08:49:04","slug":"david-marcus-launches-lightning-network-focused-startup","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/david-marcus-launches-lightning-network-focused-startup\/","title":{"rendered":"David Marcus launches Lightning Network-focused startup"},"content":{"rendered":"<p>Former head of Meta&#8217;s payments division, David Marcus, announced the launch of a new company, Lightspark, aimed at expanding the use of Bitcoin.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I wanted to share that we are starting a new company called <a href=\"https:\/\/twitter.com\/lightspark?ref_src=twsrc%5Etfw\">@lightspark<\/a> to explore, build and extend the capabilities and utility of <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>. As a first step, we\u2019re actively assembling a team to dive deeper into the Lightning Network. (1\/3)<\/p>\n<p>\u2014 David Marcus (@davidmarcus) <a href=\"https:\/\/twitter.com\/davidmarcus\/status\/1524826813096112128?ref_src=twsrc%5Etfw\">May 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>Lightspark has attracted backing from several major investors, including Andreessen Horowitz, Paradigm, Coatue and Matrix Partners.<\/p>\n<p>According to Marcus, in the initial phase the company is assembling a team to explore and develop the Lightning Network protocol.<\/p>\n<p>Lightspark plans to build the infrastructure for companies, developers and merchants to conduct transactions via the Lightning Network.<\/p>\n<p>Marcus was head of Meta&#8217;s blockchain division and helped develop Libra, the digital currency project <a href=\"https:\/\/forklog.com\/en\/news\/bloomberg-reports-potential-collapse-of-metas-diem-project\">was never launched<\/a> due to regulatory pressure.<\/p>\n<p>In late 2021, Marcus <a href=\"https:\/\/forklog.com\/en\/news\/david-marcus-to-leave-meta\">announced<\/a> his departure from Meta. He described himself as a big Bitcoin enthusiast and stated his <a href=\"https:\/\/forklog.com\/en\/news\/david-marcus-called-bitcoins-creation-the-big-bang-for-cryptocurrencies\">confidence in the future of the first cryptocurrency<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former head of Meta&#8217;s payments division, David Marcus, announced the launch of a new company Lightspark focused on expanding Bitcoin&#8217;s use.<\/p>\n","protected":false},"author":1,"featured_media":61381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[790,325],"class_list":["post-61380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-david-marcus","tag-lightning-network"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=61380"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61380\/revisions"}],"predecessor-version":[{"id":61382,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61380\/revisions\/61382"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/61381"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=61380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=61380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=61380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}