Coin News

Eclair, the first Lightning Network mobile wallet, touches down on Android

Eclair wallet – the first mobile wallet for Bitcoin’s Lightning network – has officially made its debut on Google Play.

Marking a new milestone, mobile app developer ACINQ has officially released the first mobile wallet built for the Bitcoin Lightning Network.

Available now for Android devices running 5.0 Lollipop and upwards, the mobile app enables users to use the service as both a regular Bitcoin wallet and as a Lightning-ready wallet, where users can alternatively create a new wallet or import an existing one of their choice.

The Lightning Network, for the uninitiated, is a planned second-layer solution that would run atop the Bitcoin network. The concept, designed as a means to solve the ‘scaling debate’ that created Bitcoin Cash, would leave the Bitcoin blockchain untouched while enabling a larger volume of payments to take place between participants through avenues named ‘channels’.

Earlier this year, Lightning Labs released the very first Lightning mainnet beta after closing a successful $2.5 million USD seed round with investors such as Jack Dorsey, Litecoin creator Charlie Lee, Square Capital CPO Jacqueline Reses and ex-PayPal COO David Sacks leading the charge.

The Lightning Network remains in development, and Lightning Labs has cautioned users to risk transferring minimal sums at most.  The network, at present, has endured new stress tests to ensure its security through exposure – and, in one such case, the network’s revocation tools were successfully triggered.

The Lightning Network itself has enjoyed both wider press and adoption this year – specifically, the team behind Stellar recently confirmed their plans to adopt the Lightning Network in a new milestone for the project.

Eclair Wallet’s release to Android users marks a new endeavor for the open source initiative; Android how stands as the world’s most popular operating system thanks to its proliferation across mobile devices, tablets, and even certain laptop and desktop computers.

The release of the app might well mark the beginnings of its wider acceptance and use by Bitcoin holders around the world as a means of exchange for both goods and services.

Eclair Wallet can be downloaded from the Google Play Store here, while APK files can be further found here.

Posted: Oct 30, 2020 Author: Bryan Smith Categories: Coin News