BlueWallet’s decision to end its relationship with LNDHub is aimed at promoting self-care solutions and greater decentralization.
According to the official announcement BlueWallet is terminating the Lightning node connection with Lndhub. BlueWallet jailbreak will end electricity transactions, meaning BlueWallet Bitcoin users
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24,857 dollars
The Lightning network requires the node to be connected in order for BlueWallet to continue using the Lightning service.
Calle, the electricity developer who tweeted about the change, told Cointelegraph:
“The most important thing is for people not to panic and for sudden losers to break out of their chains or rebalance in a flash.”
Lightning Network is a Layer 2 payment solution based on Bitcoin. The Lightning network is used to send small amounts of Bitcoin, called satoshi or sats, often using a Lightning wallet.
Blue Wallet is a popular Lightning Network wallet with a liquidity of over 42 BTC ($1 million). According to Emboss, its largest channel has a capacity of 4 BTC ($95,000). BlueWallet is a popular electrical wallet often recommended by well-known bitcoiners.
“It’s important to understand that lndhub is a protocol that helps connect wallets to accounts,” Culley added. The wallet (in this case) is BlueWallet, but other wallets also support LndHub (like Albi or Zeus).
The account is closed, not LndHub or Bluewallet itself.’ The account here is hosted by the Bluewallet team and they don’t want to do that anymore.
While users can still withdraw their SAT, it will no longer be possible to create a new one or top up an existing electricity wallet on the LndHub node. BlueWallet has publicly stated that users whose satellite channels are connected to BlueWallet’s electricity node should be moved as soon as possible.
The service will cease on April 30, so it is very important that BlueWallet users move their SAT to another service or wallet of their choice. Regular Bitcoin wallets, however, are not affected by the change.
Related: Bitcoin Lightning Network growth is natural, coming from real-world applications
While some may see this change as a thorn in the side of the Lightning Network rollout, it’s important to note that BlueWallet “will only support self-service solutions,” according to the website. The changes aim to promote decentralized decision-making and self-care.
Disclaimer: Cointelegraph has contacted BlueWallet for comment. BlueWallet said to check the blog post on the BlueWallet website.
