Lightning Network arrives on Electrum Wallet
Bitcoin

Lightning Network arrives on Electrum Wallet

By Alfredo de Candia - 14 Oct 2019

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A few minutes ago Electrum, a bitcoin wallet, published a tweet announcing that the next version of the software will include support for Lightning Network (LN).

Most of those who want to use Lightning Network with Electrum to make simple and fast payments have to use at least two different software and apps to be able to first transfer funds from the main wallet to LN and then eventually use the second layer of bitcoin.

However, with the next Electrum update, the user will be able to directly use a single wallet to manage both things, even though there are already several solutions that offer this possibility, such as BlueWallet and Eclair.

The release explains that Electrum wallet will also implement a lightning network node within the master branch.

Although there is finally a confirmation of the upcoming update, already announced several months ago, there is still no precise date for the release of the new version. For now, it is known that the code is written in python but it is still not clear if it will support multi-signature.

This is certainly positive news for wallet users, who will now be able to use Lightning Network directly without having to use another program.

About a year ago, the Electrum team suffered a phishing attack leading to the loss of about 200 bitcoins (BTC), a fact that is also reported on their official page, which also contains the various source codes of their wallet.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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