Electrum Bitcoin Wallet Enables Support for Lightning Payments

Libra Coin News
Mon, 10/14/2019 - 13:50
Alex Dovbnya
Electrum is officially implementing the solution for sending Lightning Network transactions
Cover image via www.123rf.com

Electrum, one of the most popular cryptocurrency wallets, has enabled support for Bitcoin’s Lightning Network. According to the announcement on Twitter, they are now ready to merge a separate branch with their master branch after working on the LN implementation for over a year.    

As reported by U.Today, Electrum’s founder Thomas Voegtlin spilled the beans about this feature back in July. 

Related
Andreas Antonopoulos Reveals Juicy Details About 'Mastering Lightning Network' Book

The LN serves as an off-chain scaling solution for the top cryptocurrency that has been struggling to win over retailers due to its slow transactions. 

However, despite allowing faster payments and lower fees, Bitcoin's Layer 2 protocol does have its drawbacks. Recently, a serious security vulnerability has been detected on the network, which would allow bad actors to spend time money in the open channel without notifying the other user. 

 

Will you use the new Electrum feature? Share your opinion on the Lightning Network in the comments! 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.