ACINQ introduces Phoenix, a native Lightning-enabled Bitcoin wallet

ACINQ is building an open standard for Lightning, a scalable instant payment network for the Bitcoin blockchain...

ACINQ introduces Phoenix, a native Lightning-enabled Bitcoin wallet

ACINQ, a blockchain and Bitcoin technology company, today announced the release of Phoenix, a 2nd-generation mobile Lightning wallet for Bitcoin (BTC).

The difference from the 1st generation wallet is that Phoenix runs natively on Lightning. Phoenix takes care of everything under the hood and users will not notice anything, except that payments are faster and cheaper.

Phoenix is a real, self-contained Lightning node that runs on a user’s phone. It does not require running another Lightning node at home or in the cloud.

The wallet is currently available for Android devices, with iOS device support planned for 2020.

Just recently, France-based ACNIQ raised $8 million, ACINQ is using the funding to grow its team, continue work on improving the Lightning protocol and to expand operations as a liquidity provider.

In March 2017, ACINQ released the Alpha version of Eclair, its 1st-gen Bitcoin Lightning Network wallet.

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