Developers introduced a beta version of Electrum with support for the Lightning Network

06/26/2020

Roman Petrov

Bitcoin wallet operator Electrumposted a beta version of release 4.0 with support for the Lightning Network (LN) protocol.

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The LN solution is a second-level protocol designed to scale the Bitcoin network. It provides the ability to carry out instant transactions with small commissions.

The test version of Electrum 4.0 supports the Submarine Swaps function, which allows you to exchange bitcoins for coins in the Lightning version.

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The release also includes support for partially signed bitcoin transactions in the PSBT format.

For the first time on Lightning Network's integration plansElectrum creator Thomas Vogtlin announced his wallet last July. In October, developers confirmed that LN support will be included in the next release of the application.

Earlier, experts found that in the Liquid sidechainmore bitcoins are involved than in LN. BitPay, a cryptocurrency processing service, said it did not intend to implement any of these solutions aimed at scaling bitcoin.