2 years ago
BlueWallet seeks to beforehand self-custody solutions and greater levels of decentralization with its determination to sever the transportation to lndhub.io.
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BlueWallet is sunsetting its lightning node transportation to Lndhub.io according to an authoritative statement. BlueWallet volition cease custodial Lightning operations–meaning that BlueWallet users of the Bitcoin (BTC) Lightning Network indispensable link to nodes to proceed utilizing BlueWallet lighting services.
What does BlueWallet sunsetting LndHub mean for you?
- If you usage BlueWallet for on-chain bitcoin: ✅ nothing
- If you usage different LndHub services (like LightningTipBot, LNbits, Alby): ✅ nothing
- If you usage the Lightning relationship hosted by them: ⚡️ Move your sats out
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Calle, a Lightning Developer who tweeted astir the change, told Cointelegraph:
“The astir important happening is that radical don't panic and abruptly noobs determination retired their on-chain funds oregon incorrect lightning balances.”The Lightning Network is simply a layer-2 outgo solution built upon Bitcoin. The LN is utilized for sending tiny amounts of Bitcoin around, called Satoshis oregon Sats, often utilizing a lightning wallet.
Blue Wallet is simply a fashionable LN wallet that has implicit 42 BTC ($1 million) liquidy and its largest transmission has 4 BTC ($95,000) capableness according to information from Amboss. BlueWallet a fashionable lightning wallet, often recommended by well-known Bitcoiners.
Calle continued; “It’s important to recognize that lndhub is simply a protocol that helps you link wallets to accounts. The wallet (in this case) is BlueWallet but different wallets besides enactment LndHub (like Alby oregon Zeus).”
“The relationship is shutting down, not LndHub oregon Bluewallet itself. The relationship present is hosted by the BlueWallet squad and they don't privation to bash this anymore.”While users volition inactive beryllium capable to retreat their sats, creating caller oregon refilling existing Lightning wallets connected LndHub node volition nary longer beryllium possible. BlueWallet publically stated that users with sats connected to BlueWallet's Lightning node, they should determination them arsenic soon arsenic possible.
BlueWallet's website advises to "keep the magnitude [of Bitcoin] low" for utilizing the LN, arsenic it's "experimental." Source: bluewallet.io/lightningThe work volition beryllium unopen down connected April 30th, truthful it is important that BlueWallet users determination their sats to different work oregon wallet of their choice. However, regular Bitcoin wallets are not affected by this change.
Related: Bitcoin Lightning Network maturation is organic, coming from real-world adoption
While immoderate whitethorn presumption the alteration arsenic a thorn successful the broadside of LN adoption, it is important to enactment that BlueWallet volition “only enactment self-custody solutions,” according to the website. The alteration seeks to beforehand decentralized solutions and self-custody.
Disclaimer: Cointelegraph reached retired to BlueWallet for comment. BlueWallet said to cheque the blog station connected BlueWallet’s website.
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