Bitcoin and Lightning Network service provider Synonym has launched a new BTC-centric mobile wallet. According to Synonym, this could improve the user experience for holders of the most popular digital currency and increase Web3 adoption without the need for complicated blockchain applications.
Synonym unveiled its mobile Bitcoin on October 29 at the PlanB Forum in the Swiss city of Lugano
wallet called Bitkit. The wallet supports BTC and Lightning Network payments with a self-serving node and an encrypted backup service that users can use for free. Bitkit launches as a limited public beta app for Apple and Android devices.
The Bitkit app works with slash tags. This is a cryptographic bitcoin seed that generates keys and gives users control over their data and money. Synonymously claims that Bitkit runs on Web3 "without using any blockchain" using slash tags.
Paolo Ardoino, Synonym's Chief Strategy Officer, says the new app would help drive " hyperbitcoinization ." This term describes the situation where bitcoin is used even more as a standard value and payment system.
Super excited to have announced Pear Credit at #lugano Plan B.
Pear Credit is a P2P transport layer for credit, leveraging lighting-style channels born from the collaboration between @Tether_to holepunch ( @keet_io ) and @Synonym_to ⚡ï¸
— Paolo Ardoino (@paoloardoino) October 30, 2022
Bitkit's launch also coincided with the release of Blocktank Instant, a service provided by Synonym that allows cryptocurrency exchanges to onboard users to the Lightning Network without having to run Lightning infrastructure or hire extra developers.
"At Synonym we are trying to show how we can bring bitcoin into the world without using blockchain as magic pixie dust. [...] You can do anything on Web3 and in the future we will also show how to tokenize things can do without blockchain."
He further explained how Bitkit would be useful for Bitcoin holders:
“With the latest version of our Bitkit app, we are basically showing a bitcoin wallet user experience where the user has the key to everything. You have the keys to your bitcoin, to your lightning wallet, to your public profile, to your Contacts."
My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange!
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAIWomplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free!LiteCoinPay -
The #1 FaucetPay earner for LitecoinLBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!FaucetPay - The #1 Microwallet PlatformFREEBTC - The #1 FaucetPay earner for Satoshi'sFaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily
Comments
Post a Comment