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.
The next release of Electrum will support Lightning payments. Our lightning node implementation has been merged into Electrum's master branch.— Electrum (@ElectrumWallet) October 14, 2019
As reported by U.Today, Electrum’s founder Thomas Voegtlin spilled the beans about this feature back in July.
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!