Startup ACINQ introduced a new non-custodian wallet with support for the Lightning Network (LN) protocol, which provides fast and inexpensive bitcoin payments.
We're very excited to introduce Phoenix, a 2nd generation Lightning Wallet. ?
Phoenix demonstrates what we think is the future of Bitcoin / Lightning UX. # TLC2019 #bitcoin #LightningNetwork pic.twitter.com/TumV3UKyf8
– ACINQ (@acinq_co) October 18, 2019
The company emphasizes that Phoenix is a new generation LN wallet. On a video attached to a tweet, ACINQ representatives demonstrate how in less than 3 minutes a user can install a wallet, receive funds, carry out on-chain and on-chain transactions, and make a backup of the wallet.
Note that this month, ACINQ raised $ 8 million during the Series A funding round led by Idinvest Partners. Late last year, the startup received $ 1.7 million from Talend co-founder Bertrand Diar, Sebastian Lucas, Altana Digital Currency Fund manager Alistair Milne and Snapcar founder Yves Weisselberger.
Thus, by now, ACINQ has attracted nearly $ 10 million in venture capital investments.
Lightning Network is a payment protocol that allows you to conduct cheap and instant transactions, which also represents a solution to the problem of bitcoin scaling.
According to the 1ML service, currently there are 10,186 nodes in the Lightning Network, linking 35,126 payment channels. The network capacity exceeds 850 BTC (> $ 6.4 million).
Recall that soon LN support will appear in the popular Electrum bitcoin wallet.
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