BTC Lightning-capable Wallet Bluewallet to shut down the Bitcoin node Lndhub.io

BTC Lightning-capable Wallet Bluewallet to shut down the Bitcoin node Lndhub.io

The Bitcoin Wallet service provider Bluewallet has decided to close Lndhub.io, a Lightning Network node in the Bitcoin network, which is used to save and act for saving Satoshis (SATS)-the smallest piece of primary cryptocurrency.

The Lightning network is a Layer 2 protocol based on the Bitcoin protocol and is used to process micro payments between participating nodes to enable faster transactions. Bluewallet is one of the most popular wallets with Bitcoin Lightning on the market.

Bluewallet drives Lndhub.io down

according to A Blog entry announced that users can still withdraw their SASs, but the creation of new or filling up existing wallets on the Lndhub node would be impossible. You have to move your funds before the service is fully stopped on April 30, 2023.

The wallet provider announced that he started Lndhub as a "weekend experiment" in Lightning Network. Due to the advancement of numerous services that offer more scalable solutions, Bluewallet has decided to end the experiment because it has fulfilled its purpose.

Bluewallet also noted that even hosted Lndhub solutions would continue to run and the support of the wallet for interested individuals and organizations would be received. Such people could combine their own Lndhub of Bluewallet or other programs that support the Lndhub API specification. It is worth noting that the BTC money exchanges of the regulatory authority are not affected by the change.

Promotion of Bitcoin self-custody

In addition, Bluewallet explained that although development may sound like bad news, it is the way the platform is to support self-customer solutions, which is good for bitcoiners.

In an interview with CoinTelegraph, Calle said a Lightning developer who tweeted over the update, : :

"The account is closed, not Lndhub or Bluewallet itself. The account here is hosted by the BlueWallet team and they no longer want to do this. The most important thing is that people do not panic and suddenly noobs pull their on-chain funds or false lightning balances."

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