ACINQ Showcases Its Second Generation of Bitcoin Lightning Wallets


ACINQ, a Bitcoin Lightning developer based in France, has recently showcased, via Twitter, its second generation of Lightning Network wallets. According to the announcement, these wallets are set to be much more user-friendly than the previous ones and have a lot of new functions.

By using these new wallets, users can make payments and receive funds almost in real-time. The new wallet has no open channels at the moment, but as soon as you install it on an Android device, you can produce a wallet that is ready to send and receive tokens using the LN.

When receiving or sending tokens, you will be asked whether you want to create a new payment channel on the fly. If you do it, you do not have to pay any kind of fee and avoid any possible liquidity issues. Payments can also be made by scanning QR codes if your wallet is properly funded.

According to the company, you will get a 12-word seed as soon as you back up the wallet. You can use it to restore it on another device if you ever lose your phone or something happens to it. The only kind of information that will be inevitably lost is your transaction history, which is stored directly on the phone.

The announcement comes just a few days after the company was able to raise over $8 million USD on a new funding round, which was led by Idinvest Partners and had other investors such as the Bpifrance bank and Serena.

ACINQ also plans to continue with the development of its original LN wallet, which is called Eclair. Many new users will possibly not want to change their wallets, so they will be supported as well by the company at least for some more time.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide