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Rawtx Announces Launch of New Bitcoin Wallet on Lighting Network

The developers are planning to release the iOS version soon. Each wallet is composed of 2 accounts, namely a checking and savings account. Checking account will be used to hold funds on the Lightning network, while savings account is intended to hold the funds on blockchain. This is done is order to prevent any kind of confusion.

Rawtx wallet uses neutrino, a Bitcoin client, which preserves privacy. The team has also avoided using third party libraries to protect user data. The camera call function can be disabled if a client opts not to scan QR codes.

For two parties that want to make transactions between their account, there is a “payment channel” that keeps it separate. Basically, there is no interaction with the main blockchain, and the only way it impacts the record is by posting the final balance at the end of the day.

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