Review on BlueWallet by Gabriel Medina
Open source custodian wallet that makes it easy to leverage Lightning Network services
This is a custodial wallet. Therefore, we are not going to handle our private key, but all operations will be subject to the company. In addition, it provides the opportunity for us to take advantage of all the services that the Lightning Network has, the network for micropayments that Bitcoin developed. All this possible thanks to a node that will allow users to send and receive Bitcoin on their mobiles without any problem and complicated configuration. On the node, this gives the function of being an intermediary between the payment channels and the user who uses the application. Otherwise, the wallet gives us the opportunity to configure our own node so as not to depend on a third party. Also, it is an open source program in its entirety, therefore, it is reviewable and this really is very useful for the trust of users.
In general, users who are interested in using the Bitcoin Lightning Network micropayment network, we must bear in mind that Blue Wallet is the best option as a wallet. This software is available for cell phones with Android and iOS operating systems. Despite being a custodial wallet, it has its benefits and is always being reviewed because it is open source.
Pros
- Open source wallet that makes it easy to take advantage of Lightning Network services. It is available for Android and iOS mobile devices. Simple and practical design easy to use. We can configure our own node to avoid a third party.
Cons
- Wallet with custodian, so we cannot have full control of our funds but the company in question.
