Lightning Labs, the Research organization working on the development and design of payment channels using Lightning (LN) on Bitcoin [BTC] announced the release of Mobile App. Lightning App is now available on Bitcoin mainnet in alpha for iOS (on Testflight) and Android (on Google Play).
It has developed a fully non-custodial wallet that will open Lightning Channels as soon as the wallets are funded with Bitcoins [BTC]. The core technology adoption of Auto-pilot made it possible. The LN Wallet is available on desktop as well.
Furthermore, the first core technology is implemented through Neutrino. It is a light client specification that allows non-custodial Lightning wallets to verify Bitcoin transactions. Instead, app users only need to download and verify tens of megabytes worth of filter and block headers in a matter of minutes.’
It is slightly difficult for non-technical people in the space to understand the working. Moreover, the alpha release of the App also comes with a warning. They have asked the users to use it mainly for test purposes now; only $5-$20 have been advised in the early stages. The developers have certain UI changes and protocol updates to implement on the App.
Nevertheless, the App will provide first-hand user experience of using Bitcoin [BTC] powered by the Lightning Network (LN). After the wallets are funded, channels would open up with entities already accepting LN payments. Soon, there will be millions of users and the design of the Lightning Network [LN] would interlink the entire set of channels together.
Hence, while it is a small beginning and would not involve a large number of users in the test phase. We can expect a full-scale operation of Lightning soon.
Do you think that Lightning Network (LN) will drive Bitcoin adoption? Please share your views with us.