Bitcoin researchers have introduced Civ Kit, a peer-to-peer (P2P) marketplace built on Nostr and the Lightning Network. The goal of Civ Kit is to become a fully-fledged marketplace while retaining the censorship-resistant and permission less nature of open-source technology. Nostr is a protocol that allows for trustless, non-custodial, and censorship-resistant trading. The Lightning Network is a layer-two scaling solution for Bitcoin that enables instant, low-cost payments.
Written by Nicholas Gregory, Ray Youssef and Antonio Riard the white paper aims to provide a decentralized marketplace that is secure, private, and user-friendly. The marketplace will be powered by Nostr and Lightning, allowing for fast, cheap, and secure transactions. It will also allow users to maintain control over their data and funds, without the need for intermediaries.
Coming off the dissolution of his company while building the Civ Kit the heroic former CEO Ray Youssef, the co-founder of Paxful, announced that he will be putting 99.9% of his shares in Paxful, which account for over 45% of the company, into a public trust. The funds generated by his shares will be used to make Paxful users whole, and any remaining funds will be donated to the Built With Bitcoin Foundation to build schools.
In addition to its focus on decentralization and privacy, Civ Kit is also designed to be user-friendly. The team behind Civ Kit is committed to providing a seamless and intuitive user experience that will make it easy for anyone to buy and sell goods and services on the platform.
Overall, Civ Kit represents a promising development in the world of decentralized marketplaces. By leveraging the power of Nostr and Lightning, it has the potential to become a major player in the P2P marketplace space while upholding the principles of decentralization and privacy that are central to the Bitcoin ethos.