This app features a standalone SPV Bitcoin node with a fully functional built-in Lightning node. It allows for sending and receiving of regular Bitcoin transactions as well as off-chain Lightning payments.
It is crucial to understand that BLW is a standalone app, it is not a thin client to a centralized service.
This most importantly means that your money is stored right on your phone and nowhere else which gives you a ultimate censorship resistance: no one can ‘freeze your account’ or cancel your transactions, but at the same time this makes you the only one responsible for securing your funds.
That said, BLW is designed in such a way that money won’t be lost no matter what if you do everything right. Please be sure to read the Essential App Guide if you do want to use this app!
Looking for an easy way try your first Lightning Network payment? Bitlum is online browser Lighting Network wallet. Install right now and get $0.1 bonus to make your first payment.
And also check out Instant channels service which allows you to safely spend funds off-chain from unconfirmed channels. Testnet-only for now.