Damus
Derek Ross profile picture
Derek Ross
@Derek Ross
I love Phoenix wallet as a Lightning wallet because it's self custodial. That means a full Lightning node runs on your smartphone, giving you full control over your Bitcoin Lightning funds. It's great for new Lightning users (minus the fact that it doesn't support Lightning addresses).

The latest Phoenix wallet now manages a single dynamic channel, there's no more 1% fee on inbound liquidity, it offers better predictability and control, and introduces trustless swaps from on-chain to Lightning and vice versa.

Phoenix believes that splicing will be game changing for Lightning wallet providers.

"We believe that the efficiency gains brought by splicing are so phenomenal that all wallets will eventually implement it. That is why this technological improvement marks the beginning of a new generation of self-custodial wallets."

https://acinq.co/blog/phoenix-splicing-update
244โค๏ธ12๐Ÿค™25๐Ÿ’š1๐Ÿ’œ1๐Ÿค˜1๐Ÿฅณ1
Nathan Day · 136w
Huuuuge update!
๐–‹๐–Ž๐–†๐–™๐–‰๐–Š๐–“๐–Ž๐–Š๐–— (ยฏ`โ—•โ€ฟโ—•ยดยฏ) · 136w
It is still a hot wallet and it cost .4% to send. Boooo
Kuba · 136w
Another big usability improvement is trustless swap-in and swap-out (splice-out). Looking forward for the iOS version.
Honza Poboล™il · 136w
But new swaps are worse in privacy.
Braydon Fuller · 136w
Perhaps progress with BOLT12 will fit with the Lightning Address use case.
Verity · 135w
I am so lost with all of these wallets. A decade from now, which ones do you think weโ€™ll be using?
Dan · 133w
I need to learn how to use it. How? Where?