What Is ACINQ Éclair Wallet?
Everyone who handles cryptocurrency needs a digital wallet – that is cryptocurrency 101. However, there are different types and pros and cons of wallets, some even next-generation tools that necessitate lightning speed transactions at even lower cost. The Éclair Wallet is a good example of a new kind of Bitcoin wallet that is even more dependable than the traditional wallet when it comes to instant payments.
ACINQ Éclair Wallet Lightning Network's Mobile Crypto App Features
There is already an Android version of the Éclair wallet on the Play Store, you can give it a try on the Bitcoin Testnet for lightning network.
The best features of the Éclair wallet is its user-friendliness. The application offers a seamless and satisfying experience that comes with Lightning. The Android application, in particular, implements an LN-ready android application that you can try on the network.
The Éclair Wallet for Android is the very first to come with the Segwit wallet. The wallet currently works for LN testnet and can be downloaded at its beta stage. The engineers behind the Éclair wanted to build a transaction experience that is as pain-free and as transparent as the blockchain network it runs on. This explains why the app’s LN functionality is opt-in only, meaning that that the wallet is built to be a regular on-chain spv wallet.
By default, all on-chain transactions initiated by this wallet are technically Segwit transactions. Because they are not legacy transactions, they will also benefit from free discounts. Since Segwit is back-ward compatible, the Éclair wallet can send and receive transactions from all kinds of Bitcoin wallets – the non-Segwit ones included.
ACINQ Éclair Wallet Conclusion
The Éclair Wallet is at its final stages of developments. From the look of it, it is an efficient software based on the éclair platform that lives up to the Lightning Network standards.
The only limitation with this wallet is that since the Lightning channels are outbound only, when it comes to LN, you can only send a payment but you cannot forward or receive a payment with the wallet. This functionality will require the Éclair Node.