Relai Embraces Lightning Network to Boost Bitcoin Usability

In a significant move Relai, a prominent Swiss-based Bitcoin app with over 100,000 European users, has announced a new partnership that will integrate the Lightning Network into a self custody wallet platform.

This integration, facilitated through collaborations with industry leaders Blockstream and Breez, aims to leverage the scalability and efficiency of the Lightning Network to streamline Bitcoin transactions for Relai’s growing user base.

Through embracing this cutting-edge technology, Relai is positioning itself at the forefront of innovation, offering its users a more seamless and cost-effective way to send and receive Bitcoin in their daily lives.

Plenty of Potential

The integration of The Lightning Network by Relai can potentially enhance the overall security and privacy of bitcoin transactions for Relai’s users in a few ways:

Enabling Lightning transactions while maintaining self custody through non custodial wallets, users retain full control over their Bitcoins, minimizing counterparty risk associated with custodial services.

The Lightning Network can enhance transaction privacy by obfuscating the on-chain footprint of individual payments, as multiple transactions can be batched and settled on the base layer of Bitcoin less frequently.

By facilitating off-chain transactions, the integration can help reduce the load on the Bitcoin blockchain, potentially improving its scalability and security in the long run by reducing the risk of blockchain bloat.

While partnering with reputable companies like Blockstream and Breez, Relai aims to ensure a secure and optimised integration of the Lightning Network, leveraging industry-standard practices and protocols.

The Lightning Network, being relatively new technology, may introduce its own set of potential risks and challenges. However, Relai’s decision to adopt self custody and enhance the user experience through Lightning represents a positive step towards improving the security, privacy and scalability of Bitcoin as a whole - a net positive for the network.

Cheers, and onwards with Bitcoin