BlueWallet said shutting down the service would help promote self-custody solutions, which is good for Bitcoiners.
Bitcoin wallet service provider BlueWallet has decided to shut down Lndhub.io, a Lightning Network node on the Bitcoin Network used to store and trade satoshis – the smallest denomination of the primary cryptocurrency.is a layer-2 protocol layered on the Bitcoin protocol, used to process micropayments among participating nodes to facilitate faster transactions. BlueWallet is one of the most popular Bitcoin Lightning-enabled wallets on the market.
The wallet provider disclosed that it started Lndhub as a “weekend experiment” on the Lightning Network. However, due to the emergence of numerous services offering more scalable solutions, BlueWallet has decided to end the experiment because it has fulfilled its purpose. BlueWallet also noted that self-hosted Lndhub solutions would continue running and receiving the wallet’s support for interested individuals and entities. Such persons could connect their own LndHub from BlueWallet or other programs that support the LndHub API specification. It is worth noting that regulator BTC wallets remain unaffected by the change.
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