Lightning Labs Releases First Lightning Desktop App On Bitcoin’s Mainnet
Lightning Labs has announced the launch of a desktop app, the company’s first such release on bitcoin’s blockchain.
The firm is one of the largest companies that have over the years worked on developing bitcoin’s Lightning Network, a forthcoming scaling technology aimed at increasing bitcoin adoption.
The desktop app has been in testnet where users tried it out before its release for public use. A testnet, in simple terms, uses “fake bitcoins” and only allows a select group to experiment with programs.
The release thus marks the very first time this application is being used on the bitcoin mainnet and will from now be used by the public to transact with real money.
The non-custodial app will see users maintain control over their BTC holdings.
A blog post written by two Lightning Labs developers- Valentine Wallace and Tankred Hase- explains that the app’s release is out of the desire to scale and adhere to the bitcoin principles of privacy, security, and self-determination.
The duo adds that these efforts dictate that development teams need to do more. They should “go beyond” aims like providing custodial solutions, and the likes, to offering products that make it easy for people to use their bitcoin.
The app’s alpha release also features Neutrino and Autopilot. The former is an example of a “light client” whose tech tool doesn’t require users to download the entire bitcoin blockchain for them to verify transactions.
According to the announcement, Lightning Labs will soon launch mobile versions that will run the iOS and Android systems.
The bitcoin community already has access to a number of apps that allow users to transact with real bitcoin. However, the launch of the Lightning Labs’ desktop app is a significant step given that the app is one of the largest such mainnet releases by a bitcoin company.
The desktop app has been designed to work with devices running on Mac, Windows and Linux operating systems.
At the moment, apart from the new app, users can access similar services via Bluewallet, Zeus, and Zap apps.
Users will need to note that even though the product has been launched as a mainnet app, its developers have revealed that it’s targeted at “advanced users.”
It is expected that these users will continue to test the new technology, and it’s possible that one can lose their money while using the underlying technology.
In March, Lightning Labs released the alpha version of its non-custodial service called Lightning Loop. The service enables users to easily receive Bitcoin payments and make withdrawals on Lightning Network.
Disclaimer: This is not investment advice. Cryptocurrencies are highly volatile assets and are very risky investments. Do your research and consult an investment professional before investing. Never invest more than you can afford to lose. Never borrow money to invest in cryptocurrencies.