What if you could spend your cryptocurrencies online with the same buyer protection you expect from your credit card company or payment service? Here at SparksPay we’re developing a way to determine order authenticity. Our smart rules-engine releases cryptocurrency funds to sellers only once an order has been verified by the Sparks platform. Using a 2nd tier masternode service class (we call them “Guardian” nodes) and the use of multi-signature wallets, cross-chain atomic swaps, the SparksPay merchant platform will provide buyer protection, leading to increased adoption and widespread use of cryptocurrencies in eCommerce.
Due to the sensitive nature of reversible transactions, we’ve chosen the Komodo delayed proof of work (dPoW) solution to secure our network against 51% attacks and to ensure the highest possible protection for both merchants and buyers. Going forward with our development, this was the next logical step we needed to take, before the first working version of Guardian nodes is released, in about 2 weeks.
This step wasn’t possible without the generous contributions from our awesomely engaged community. If you’d like to get to know us, you can follow us on Twitter at https://twitter.com/sparkspayio, Medium at https://medium.com/sparkspay , or join our Discord at https://discord.gg/TaYsEsX , where you can get to know us and have your questions answered in more detail.
Stay safe, spend with SparksPay.
