Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » ACINQ Introduces Upgrade to Bitcoin Lightning Network Wallet

ACINQ Introduces Upgrade to Bitcoin Lightning Network Wallet

Kelly Cromley by Kelly Cromley
Oct 18, 2019
in Bitcoin News, Market News, News
Reading Time: 2 mins read
0

ACINQ, a blockchain firm which works towards the deployment of the Bitcoin (BTC) Lightning Network (LN), unveiled Phoenix, the second-generation Lightning Network wallet, via Twitter.

A video accompanying the tweet illustrates several wallet features, which can be accessed through a user-friendly interface.

RelatedPosts

Connect Launches First Social Impact Platform on Web4

MoviePass Turns Movie Watching Into a Blockchain Game

RealDID Brings Privacy-First Digital ID to Hong Kong

Gigachain Sets New Benchmark in Blockchain Computation

Setting up a new wallet is can be easily done through a single click of the wallet app on an Android gadget. No open channels are available with a new wallet, but can still create a LN invoice and also receive funds.

Following the receipt of an alert related to an incoming transaction, the app sets up a payment channel for a pre-determined charge. The app user can choose to pay the fee and avoid liquidity issues totally or deny the payment.

Once funds are deposited in the wallet, by scanning QR invoices and clicking the pay button, Lightning Network payments can be done. Without any routing table sync, Phoenix has the capability to identify payment channels.

A 12-word seed is created when the wallet is backed. The seed will facilitate restoration of the wallet on another gadget. However, transaction history will be lost.

A user receiving payment in regular Bitcoin address will receive an alert stating that the deal will simply be a swap. Following the receipt of alert, user should click and request the swap to be performed and then click pay after the swap and fee is confirmed.

The app takes care of channel management and logistics of on and off-chain transactions. In the meantime, ACINQ still aims to carry on with the development of its original LN wallet Éclair for expert users. Earlier in October, the company revealed that it had raised $8 million in funding from collaborators including a bank owned by the French government.

Previous Post

Burj Khalifa Developer Emaar To Introduce Reward Token EMR

Next Post

London’s Archax Digital Sec. Exchange to Employ R3’s Corda for Post-Trade Management

Related Posts

connect launches first social impact platform on web4

Connect Launches First Social Impact Platform on Web4

by Kelly Cromley
May 24, 2025
0

Connect, in collaboration with members of the WIN Blockchain community, has announced the official launch of what is being described...

moviepass turns movie watching into a blockchain game

MoviePass Turns Movie Watching Into a Blockchain Game

by Kelly Cromley
May 24, 2025
0

MoviePass has unveiled a revamped digital experience that reimagines how audiences interact with films. Its latest venture, called Mogul, integrates...

realdid brings privacy-first digital id to hong kong

RealDID Brings Privacy-First Digital ID to Hong Kong

by Kelly Cromley
May 24, 2025
0

China’s blockchain-powered identity solution, RealDID, is now being extended to Hong Kong, marking a significant milestone in the evolution of...

gigachain sets new benchmark in blockchain computation

Gigachain Sets New Benchmark in Blockchain Computation

by Kelly Cromley
May 24, 2025
0

A new entrant in the Layer 1 blockchain ecosystem, Gigachain Labs, has introduced a protocol that reimagines blockchain scalability by...

rich and vareger unite to redefine ip protection in ai era

RICH and Vareger Unite to Redefine IP Protection in AI Era

by Kelly Cromley
May 23, 2025
0

British deep tech firm Research Integrity Chain Ltd (RICH) has entered into a strategic agreement with Estonian technology provider Vareger...

cosmic wire and swm partner to reshape blockchain adoption

Cosmic Wire and SWM Partner to Reshape Blockchain Adoption

by Kelly Cromley
May 23, 2025
0

Cosmic Wire, a technology company specializing in blockchain memory and the spatial web, has formed a strategic partnership with Sovereign...

Next Post
London’s Archax Digital Sec. Exchange to Employ R3’s Corda for Post-Trade Management

London’s Archax Digital Sec. Exchange to Employ R3’s Corda for Post-Trade Management

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • XRP Ledger Embraces Precious Metal-Backed Stablecoins with Meld Gold Partnership

    by Kelly Cromley
    Oct 2, 2024

Recent News

connect launches first social impact platform on web4
Market News

Connect Launches First Social Impact Platform on Web4

by Kelly Cromley
May 24, 2025
moviepass turns movie watching into a blockchain game
Market News

MoviePass Turns Movie Watching Into a Blockchain Game

by Kelly Cromley
May 24, 2025
realdid brings privacy-first digital id to hong kong
Market News

RealDID Brings Privacy-First Digital ID to Hong Kong

by Kelly Cromley
May 24, 2025
gigachain sets new benchmark in blockchain computation
Market News

Gigachain Sets New Benchmark in Blockchain Computation

by Kelly Cromley
May 24, 2025
rich and vareger unite to redefine ip protection in ai era
Market News

RICH and Vareger Unite to Redefine IP Protection in AI Era

by Kelly Cromley
May 23, 2025

Categories

  • Altcoin News
  • Analysis News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market News
  • News
  • Ripple News
  • Solana News

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree