Download our app now to access cryptocurrency data anytime, anywhere! [Click here to download]

Spaces Protocol

Scalable & Permissionless Bitcoin Identities

Details

Spaces is a naming protocol that leverages the existing infrastructure and security of Bitcoin1 without requiring a new blockchain or any modifications to Bitcoin itself. “Spaces” serve as community identifiers that are distributed through an auction process built using existing Bitcoin scripting capabilities. Proceeds generated through auctions are irrevocably burned. Within each Space, users can create “Subspaces,” which serve as trustless individual identities, operating with a high degree of autonomy primarily off-chain but can also submit transactions directly on-chain.