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BlueWallet users invited to withdraw funds

by SuperiorInvest

According to an official statement, BlueWallet is ending its lightning node connection to Lndhub. BlueWallet will stop providing flash transactions, which means that users of BlueWallet Bitcoin (BTC) Lightning Network must connect to nodes to continue using BlueWallet’s lighting services.

Calle, a lightning developer who tweeted about the change, told Cointelegraph:

“The most important thing is that people don’t panic and suddenly noobs move their funds on chain or wrong flash balances.”

The Lightning Network is a layer 2 payment solution built on Bitcoin. The Lightning Network is used to send small amounts of bitcoins, called satoshis or sats, often using a lightning wallet.

Blue Wallet is a popular Lightning Network wallet with over 42 BTC ($1 million) in liquidity. Its largest channel has a capacity of 4 BTC ($95,000), according to Amboss data. BlueWallet is an often popular flash wallet recommended from well-known bitcoiners.

Calle continued, “It’s important to note that lndhub is a protocol that helps you connect wallets to accounts. The wallet (in this case) is BlueWallet, but other wallets also support LndHub (like Alby or Zeus).

“The account is being shut down, not LndHub or Bluewallet itself. The account here is hosted by the BlueWallet team and they don’t want to do that anymore.”

While users will still be able to download their sats, creating new or replenishing existing lightning wallets will no longer be possible on the LndHub node. BlueWallet has publicly stated that users with satellites connected to the BlueWallet lightning node should move them as soon as possible.

The BlueWallet website advises to “leave the amount [of Bitcoin] low” for Lightning Network use because it is “experimental”. Source: bluewallet.io/lightning

The service will be discontinued on April 30th, so it is crucial that BlueWallet users move their sats to another service or wallet of their choice. However, regular bitcoin wallets are not affected by this change.

Related: The growth of the Bitcoin Lightning Network is organic and comes from real-world adoption

While some may see the change as a thorn in the side of Lightning Network adoption, it’s important to note that BlueWallet will “only support self-managed solutions,” according to the site. The change seeks to support decentralized solutions and self-management.

Disclaimer: Cointelegraph has reached out to BlueWallet for comment. BlueWallet said to look at the blog post on the BlueWallet website.

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