BlueWallet users are encouraged to withdraw money
BlueWallet is suspending the lightning node connection to Lndhub.io according to an official statement. BlueWallet will cease Lightning operation – meaning that BlueWallet users of the Bitcoin (BTC) Lightning Network will need to connect to nodes to continue using BlueWallet lightning 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 out their chain means or wrong lightning balance.”
The Lightning Network is a layer-2 payment solution built on Bitcoin. LN is used to send around small amounts of Bitcoin, called Satoshis or Sats, often using a lightning wallet.
Blue Wallet is a popular LN wallet that has over 42 BTC ($1 million) liquidity and its largest channel has 4 BTC ($95,000) capacity according to data from Amboss. BlueWallet a popular lightning wallet, often is recommended of famous bitcoiners.
Calle continued; “It’s important to realize 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 closed, not LndHub or Bluewallet itself. The account here is hosted by the BlueWallet team and they don’t want to do this anymore.”
While users will still be able to withdraw their stake, it will no longer be possible to create new or top up existing Lightning wallets on the LndHub node. BlueWallet publicly stated that users with stake connected to BlueWallet’s Lightning node, they should move them as soon as possible.
The service will be shut down on April 30, so it is imperative that BlueWallet users move their stakes to another service or wallet of their choice. However, regular Bitcoin wallets are not affected by this change.
Related: Bitcoin Lightning Network Growth Is Organic, Coming From Real-World Adoption
While some may see the change as a thorn in the side of LN adoption, it’s important to note that BlueWallet “will only support self-storage solutions,” according to its website. The change seeks to promote decentralized solutions and self-care.
Disclaimer: Cointelegraph contacted BlueWallet for comment. BlueWallet said to check the blog post on BlueWallet’s website.