Business 3 July 2018Erik Gibbs
Bitcoin Cash-powered crowdfunding app Lighthouse officially launches
A new crowdfunding campaign application designed to rival platforms such as Indiegogo and Kickstarter is now available for download. The application, Lighthouse, is exclusively provided as a Bitcoin Cash-powered app that allows users to create and manage their own campaigns without having to rely on third-party intermediaries.
Lighthouse, which also offers a cryptocurrency wallet, was originally developed by developer Mike Hearn and the new iteration was redesigned for the BCH platform by an anonymous developer supported by the CashPay wallet, as well as through cryptonize.it.
The app can be downloaded from lighthouse.cash and is currently available for Windows, Linux and Mac. A repository of information is being maintained on GitLab at this link. Lighthouse had considered hosting the repository through Microsoft; however, it chose GitLab due to Microsoft’s belief that projects cannot be scaled on-chain.
Resources for the development of Lighthouse are being provided through Toshi’s Fund, a non-profit entity that is funded by the community to help projects implementing permission-less payments, on-chain scaling and enhanced economic opportunities for BCH businesses. Toshi’s Fund will continue to provide backing to Lighthouse as new features and enhancements are introduced on the platform.
Over the near-term, Lighthouse plans to continue advancing the app to offer a number of improvements, including polishing the code; releasing a tool for development collaboration; improving documentation and providing for multi-language development; creating granular paths in serves for project files, logs and other working files; creating a method to allow for automated pledging; and releasing a mobile version, among other enhancements.
There are several benefits inherent to using the Lighthouse application. Since it is decentralized and open source, all pledges of funds will go directly to the project creator. Projects are not tied to any website and can be advertised anywhere. Implemented through smart contracts, there is no censorship of projects or their support. Equally as important, since the app is driven by the BCH network, any amount can be donated—the absence of fees makes for a greater pooling of funds.
These freedoms allow for the creation of galleries that will allow projects to be hosted virtually anywhere, allowing them to be seen by a larger audience. One gallery is already planned, and will be hosted on the lighthouse.cash website.
There are already three crowdfunding projects available on the website, with plans to include more on a regular basis. The first project involves the creation of a peer-to-peer classified ads website with an accompanying app built on the BCH platform. The site will function the same as any similar site, but won’t rely on third party policies or limitations. Users can publish any product they wish to sell—free from censorship—and each is offered through a separate BCH address. A buyer can submit the required payment to the address to complete the sale, and no fees will be collected.
The second project is Toshi’s Fund. This fund gives executive power to donors through the issuance of voting tokens called Toshis for the purpose of providing research into the future development of the fund. Toshis are only available for use as a token to vote on proposals for funding future projects offered by the fund.
The third project is a “Gifter Cash” platform that works like an eCommerce site. Users will be able to use BCH to buy gifts and send them to others.
Lighthouse will prove to be the first truly independent, censorship-free crowdfunding platform. Using the BCH platform will allow it to grow and utilize OP_Codes, which were made available to the blockchain after the May network upgrade. It is a one-of-a-kind offering that will revolutionize innovation while relying on the strengths of the BCH network.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.
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