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Electrum to Implement Lightning Network on Its Bitcoin Wallet

Bitcoin wallet platform Electrum on Monday announced that its new version would add support for the Lightning Network.

The platform confirmed that it would merge its lightning node with the master branch, which will support the side-chain protocol without the additional need for any third-party applications.

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Developed in 2011, Electrum is one of the earliest and widely-used Bitcoin wallets available. Since then, the developers released many versions, adding more features. The official website of the wallet, however, suggests the users update their wallets to the latest version as older versions are susceptible to phishing attacks.

Earlier this year, Bitfinex also announced its plans to launch Tether on the Lightning Network.

Meanwhile, blockchain startup ACINQ earlier this month raised $8 million in a Series A round to develop Lightning Network-based products.

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