• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, May 19, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Bitcoin

Breez Wallet Unveils Offline Lightning Network Capability: A New Era in Decentralized Transactions

by Reshab Agarwal
January 30, 2024
in Bitcoin, Crypto, News
Reading Time: 3 mins read
0
Binance and Coinbase aren't implementing the lightning network
TwitterWhatsappLinkedin

In today’s breaking news, it is official that Breez Wallet unveils an offline lightning network. Breez Wallet, a prominent player in the Lightning Network (LN) ecosystem, has introduced a groundbreaking solution that facilitates Lightning Network payments even when users are offline. This development addresses a significant limitation in the LN protocol, where both parties traditionally need to be online for a transaction. Breez’s forward-thinking approach aims to streamline LN payments, particularly in scenarios where online connectivity may be a challenge.

You might also like

Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

VerSe Innovation to Lay Off 350 Employees as Dailyhunt and Josh Shift Focus to AI and Restructuring

Indian Defence Forces Granted Emergency Procurement Powers Amid Operation Sindoor

The core challenge in LN transactions has been the necessity for both the sender and receiver to be online simultaneously. Breez Wallet has ingeniously utilized its software stack to engineer a solution that allows LN payments to be processed seamlessly, even when the recipient is offline. This technological advancement was demonstrated through an upcoming non-custodial wallet app, showcasing the practicality of the solution using mobile notifications.

Revolutionary Development in Lightning Network Technology

In a significant stride towards overcoming the hurdle of offline transactions within the Lightning Network (LN), Breez Wallet unveils offline lightning network. Breez Wallet has unveiled a groundbreaking solution that enables users to receive LN payments without being online. The Lightning Network protocol traditionally requires both parties involved in a transaction to be online, posing challenges for certain applications. Breez’s innovative approach aims to streamline LN payments, even when the recipient is offline.

Addressing the Offline Payments Challenge

The current limitation in LN transactions is the necessity for both the sender and receiver to be online simultaneously. This constraint has led to usability issues in various applications. However, Breez Wallet has tackled this challenge head-on with a novel implementation, showcasing its commitment to advancing LN technology.

Breez’s Software Stack Solution

Breez Wallet has leveraged its software stack to engineer a solution that facilitates LN payments even when the recipient is offline. The organization demonstrated this breakthrough in an upcoming non-custodial wallet app, utilizing mobile notifications as a key component in receiving payments without requiring active user participation.

Push Notifications Automate Transactions

Roy Sheinfeld, Co-founder and CEO of Breez, explained the technical aspect behind the solution. Breez implemented push notifications in its latest Software Development Kit (SDK), allowing service providers to send messages to the app and receive payments seamlessly, automating the entire process. This marks a significant step towards enhancing user experience by eliminating the need for the app to actively run in the background to receive payments.

Developers’ Involvement and Acknowledged Limitations

Sheinfeld acknowledged that while this solution requires developers to set up notification delivery services, it ultimately results in a smoother user experience. However, he also highlighted the limitations of the current approach, noting its dependency on notification services managed by third parties like Apple or Google. Sheinfeld called for further improvements at the protocol level, recognizing that mobile notifications, while an improvement, are not a universal cure.

Acknowledging the need for developer involvement, Sheinfeld emphasized the importance of setting up notification delivery services for optimal functionality. Despite this requirement, the solution presents a notable advantage as the app no longer needs to be actively running in the background to receive payments, contributing to a smoother user experience.

Looking Forward: Towards a Seamless Lightning Network Experience

The news that Breez Wallet unveils offline lightning network is truly groundbreaking. Breez Wallet’s breakthrough in enabling offline LN payments represents a significant leap forward in the evolution of Lightning Network technology. While challenges and limitations persist, the development opens avenues for enhanced usability and convenience in LN transactions. The industry will be closely watching for further advancements and refinements to make Lightning Network payments even more seamless and accessible.

Also Read: Invesco lowers Bitcoin ETF fees to attract new investors.

Tweet54SendShare15
Previous Post

Invesco lowers Bitcoin ETF fees to attract new investors

Next Post

Neuralink Successfully Implants Brain Chip in First Human, Marking a Milestone in Brain-Computer Interface Technology

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

by Samir Gautam
May 18, 2025
0
Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

Antonio Filosa, the executive currently leading Stellantis’ U.S. operations, has emerged as the top contender to succeed outgoing CEO Carlos Tavares, according to reports from Bloomberg. As Stellantis...

Read more

VerSe Innovation to Lay Off 350 Employees as Dailyhunt and Josh Shift Focus to AI and Restructuring

by Rounak Majumdar
May 18, 2025
0
VerSe Innovation to Lay Off 350 Employees as Dailyhunt and Josh Shift Focus to AI and Restructuring

The parent firm of well-known content sites Dailyhunt and Josh, VerSe Innovation, has announced a major layoff, laying off about 350 employees this month. Since the company's last...

Read more

Indian Defence Forces Granted Emergency Procurement Powers Amid Operation Sindoor

by Rounak Majumdar
May 18, 2025
0
Indian Defence Forces Granted Emergency Procurement Powers Amid Operation Sindoor

In May 2025, India's national security environment changed drastically after the disastrous Pahalgam terror strike in Jammu and Kashmir, which left 26 people dead. The Indian government responded...

Read more
Next Post
Neuralink

Neuralink Successfully Implants Brain Chip in First Human, Marking a Milestone in Brain-Computer Interface Technology

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?