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Key facts:
Analysts recommend the wallets that allow users to connect with a node of their own.The use of portfolios that allow connection to the Tor network is considered to be the most optimal way to operate.The consulting firm Veriphi, which has been doing studies on storage systems and payment ecosystem Bitcoin, published a study in which explores the functionalities that can be integrated into a wallet Lightning Network (LN). The analysis provides detail for users to be able to operate with greater safety and security in the payments network of the second layer, which offers the possibility of creating channels of liquidity outside of the chain.The firm produced a box in which to sample 50 different features integrated in the purses of LN. In addition, it makes some recommendations but considered that this is an emerging technology that needs further development to become fully functional. For that reason, the study was based on exploring the functions.The information may become a useful tool for the users that want to know in detail the functionalities and the features that are available in 17 purses, which can operate in the payments network Lightning Network. Evaluate the different ways of interacting with the network and choose your favorite system, depending on individual preferences.
The most recommended
The study makes some recommendations, among them, the wallets that allow users to operate in the payments network Lightning Network, connected to its own node Bitcoin. Analysts point out that the portfolios that have integrated this function are considered safer because they are not forcing you to use the node of the service provider.The comparison table displays the platforms that offer the ability to connect to your own node. Such is the case of the Eclair, Blue Wallet, BLW, Nayuta, Dropbit and Electrum.For reasons of security and anonymity the study recommends the use of purses that will allow connection to the Tor network, as it is considered the most optimal way to operate. According to the comparative table of Veriphi, portfolios that allow routing with Tor are BLW, Zap, Spark, Zeus, Nayuta, RTL and Electrum. Veriphi recommended in addition to purses Lightning that have a locking mechanism that prevents an actor’s malicious access to the application if you get access to the device.Some users prefer that their purses reflect the price of their bitcoins into fiat currency, but analysts detailing who met with the obstacle that not all applications will show this feature. For this reason reference was made to the that are visible, such as Eclair, Phoenix and Blue Wallet.The report also recommends that the purses with addresses of type Bech32 which are those that support the format SegWit (Segregated Witness or witnesses Produced in the network of Bitcoin, which is considered to be “efficient in terms of the size they take in a block and, therefore, are less expensive”. Eclair, Phoenix, BLW, Breez, Zap, Muun, Spark, and Zeus are some that have this functionality.Veriphi used a spreadsheet in Google Docs to record 50 features of 17 purses Lightning Network. Image: VeriphiPara observe the box Veriphi carefully, press here.Similarly, the report recommends that the purses with P2SH (pay to script Hash), such as Zeus, Nayuta, RTL and Electrum, because thanks to this functionality achieve an optimal transaction to make payments to a hash of a script. “The scripts of Bitcoin may contain more of the terms of payment and payment information which a single address. This format also offers greater anonymity because the content of the script remains hidden until it is executed”, as explained.What should never be missing in a wallet is a backup of the private key, since it is the most crucial element of all the operational security of the system. On this aspect the study advises to be cautious with the purses that allow the user to skip the backup of your funds, which can be dangerous at the time to secure the belongings.A backup channel of payment is among the other features recommended, especially for purses without custody, as when a user receives or sends bitcoin through a channel in the LN, the state of the channel is constantly updated to reflect the correct balance of the portfolios ‘ respective. The report notes that the channel states must be preserved by both parties if they wish to claim with success funds of bitcoin chain once they have finished to make transactions on the network.The backup of the wallet is a file, although it can also be stored in the cloud or locally. Some portfolios allow you to delegate this cumbersome task to the host it automatically.
To take into account
Among the functionalities are not recommended are the purses that are requesting the email address of a user, as these require a link with an external server, which reduces the anonymity. “Therefore, it is not recommended to use portfolios that require an e-mail. Although it won’t matter, given that Lightning is used mainly for small amounts. For a better privacy, you can use a fake email or one improved, such as the Proton,” says the study.Some purses as Eclair, BLW and Lightning App allow users to create and manage their own channels, which can be considered as an advanced functionality. This requires, at least, a minimal understanding of the network. This tool is a must for people who want to have a routing node and earn some fees, broadcasting payments of Lightning. Also, it is considered an advanced feature portfolios that allow you to view or have access to a description of the network Lightning linked to its node or to which it is connected.The article walks through the options available, such as web applications. Among them, he mentions to Tipping.to me, Spark, RTL and Joule, along with desktop applications such as Eclair, Ligthning App, Zap, Spark, and Electrum. It also cited the purses mobile on Android such as Eclair, Phoenix, Blue Wallet, BLW, Wallet of Satoshi, among others.With respect to Android points out that there is much more development, as the market has made it clear that the 75% share of the mobile applications has a preference for this operating system and for that reason a wallet LN was built on this platform, you have a large group of potential users.In terms of the programming language, the firm explains that the different purses they can be written in multiple languages, depending on the characteristics and the level of security, but most of them depend on the platform on which it was developed. In any case, it indicates that Javascript is the most commonly used language.On the other hand are portfolios of open-source code, which have become the norm in the ecosystem of Bitcoin. Among them, he mentions to Eclair, Phoenix, Blue Wallet, BLW, Ligthning App, Breez, Zap, Muun, and Joule.The report pointed out as beneficial for users to have integrated in the wallet of Lightning Network to a testnet (network tests), especially for those who wish to deepen and experiment with the various features of the payment network. “By manipulating the coins on testnet, the user ensures not to lose any bitcoins real while exploring,” he says. Between the purses with a network of the integrated test are Zeus, Nayuta, RTL, Joule, Eclair and Phoenix.