LIGHTNING – It has been reported by Coindesk that Lightning Labs has released the alpha for their lightning network Bitcoin wallet, and in the first 24 hours saw over 2,000 downloads. The aim is to bring lightning network functionality to a whole new demographic and make it easier than ever before.
Lightning themselves recently announced on their blog that the alpha for their new wallet app would be available for those who wished to test it. Users will have to apply to be a tester but it literally only takes one click.
Now, Lightning is reporting that over 2,000 users have gotten on board to test the new wallet. The wallet is a full, non-custodial wallet, meaning users control their own private keys, which is generally preferable to most crypto users.
For now, transactions are capped at about $1,500, or one-sixth of a Bitcoin, while the wallet is still in testing.
Will this wallet catch on and bring a new era of Bitcoin as a transfer of value to more people than ever before, or will it become just another novel app for crypto? Stick with Chepicap for all updates!
“It makes a lot of sense for our values as a company to have a wallet that’s totally under our control,” she said, adding the Cash App bitcoin feature is primarily a custodial conduit for purchasing bitcoin.
Speaking broadly to how this new app, which admittedly has a long way to go until it can easily send and receive diverse bitcoin transaction types, plays into the startup’s long-term plan, Hase said: