BlocksInform
Bluewallet terminates its link to lndhub.Based on an official declaration. Bluewallet will cease its lightning monitoring operations, which means that Bitcoin () Lightning Network Bluewallet users must connect to the nodes in order to continue using Bluewallet lighting services.
What does BlueWallet sunsetting LndHub mean for you?
- Whether you use BlueWallet for bitcoin on the channel:? nothing
- If you use other LndHub services (like LightningTipBot, LNbits, Alby): ? nothing
- If you are using their hosted Lightning account:? Move your sats out
Read on
— calle ?? (@callebtc) February 23, 2023
Calle, a lightning developer who has tweeted about change, said to Cointelegraph:
"The most important thing is that people don't panic and suddenly noobs move their funds to the chain or the sales of bad lightning."
The Lightning Network is a layer-2 payment solution built upon Bitcoin. Ln is used to send small quantities of bitcoin around, called satoshis or sats, often using a flash portfolio.
Blue Wallet is a popular LN wallet that has over 42 BTC ($1 million) liquidy and its largest channel has 4 BTC ($95,000) capacity according to data from Amboss. BlueWallet a popular lightning wallet, often recommended by well-known Bitcoiners.
Calle continued; "it is important to realize that lndhub is a protocol that assists you in connecting portfolios to accounts. The portfolio (in this case) is BlueWallet but there are other portfolios that support LndHub (such as Alby or Zeus).”
The account closes, rather than LndHub or Bluewallet itself. The account here is hosted by the BlueWallet team and they are no longer willing to do so."
Although users can always remove their saturation, it will no longer be possible to create or reload existing Lightning wallets on the LndHub node. Bluewallet said publicly that users with sats connected to the bluewallet flash node, they should move them as soon as possible.
As the service will be closed on April 30, it is crucial for BlueWallet users to move their sats to another service or portfolio of their choice. However, regular Bitcoin portfolios are not impacted by this shift.
Related: Bitcoin Lightning Network growth is organic, coming from real-world adoption
While some may see change as a thorn in LN's adoption side, It is important to note that BlueWallet "will only support self-sufficiency solutions," the website said. Change is aimed at promoting decentralised solutions and confidence.
Warning: cointelegraph has communicated with bluewallet for feedback. Bluewallet says to check the blog on the website of bluewallet.
