The first wallet for Lightning Network is available on Google Play

The first wallet for Lightning Network is available on Google Play

The Lightning Network (LN) now has its own mobile app for users in the form of the Eclair wallet, which debuted on April 4th. French startup ACINQ continues to release a series of innovative products for Lightning. This wallet is designed for Android devices, versions 5.0 and above, and is already available in the Google Play app store.

The new product is the first Lightning wallet for the Bitcoin network, based on the popular SegWit protocol, and LN is implemented as an option.

The Eclair wallet is the next level of Bitcoin wallets. The backwards compatible SegWit protocol allows you to use both a standard Bitcoin wallet that does not support SegWit, and the Lightning network. All payments passing through the wallet are SegWit transactions, which means they have a lower commission.

The successful activation of SegWit accelerated the development of the Lightning Network. The SegWit protocol created the prerequisites for the successful implementation of the technology in the Bitcoin network. New products are increasingly appearing on the market, and the first beta version of LN for the Bitcoin main network has been successfully tested.


Bitcoin has already benefited from the SegWit user experience with fees equal to 1 satoshi per byte.



According to http://kurbetsoft.com

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