First Lightning Network App to be Launch at Google Play

Eclair Wallet by ACINQ is the first LN based application at the Google Play
05 April 2018   501

First Lightning Network-based application appread in Google Play store. It is called Eclair ACINQ.

Continuing the trend of the innovation of fast networks, the wallet is currently available for devices running on the Android operating system from version 5.0 and higher.

ACINQ Network
ACINQ Network

The Eclair Wallet is a next generation, Lightning-ready Bitcoin wallet. It can be used as a regular Bitcoin wallet, and can also connect to the Lightning Network for cheap and instant payments.

This software is based upon eclair, and follows the Lightning Network standard.
 

ACINQ Team

At the moment of press, it has 4,7 rate at Google Play with 69 feedbacks. So, users' reaction was positive, but they still ask ACINQ to release the iOS version of the wallet. But it looks like to be a hard task.

SegWit solution, which is needed for Lightning Network normal operation in Bitcoin mainnet, started to be used more widely recenly. This news gave good impact for LN development.

Binance to Change Launchpad IEO Rules

Binance is going to implement the lottery format for the next tokensale campaign
25 March 2019   7

Binance announced a change in the format of the next tokensale on the Launchpad platform to a lottery. At the same time, the number of lottery tickets per account will depend on the size of the steak in the BNB for 20 days before IEO.

Note that one account can get up to 5 lottery tickets. Winners will be selected by randomizer.

BNB Balance to Lottery Tickets Ratio
BNB Balance to Lottery Tickets Ratio

It is noteworthy that within 20 days before the lottery, the BNB-deposit snapshot will be carried out daily at 0:00 UTC to monitor the fulfillment of the conditions.

Each winning ticket will grant the right to purchase tokens for a fixed amount in BNB equivalent. As soon as the user informs the exchange that he is ready to use a certain number of tickets in case of their winnings, this obliges him to purchase tokens and the money will be debited automatically.

Binance acknowledged that the price of BNB may fluctuate due to daily snapshots, and its potential decline may not be covered by the benefit from the new token, and encouraged users to make informed decisions.

In addition, Changpeng Zhao urged the community to comment on the new format in a separate Twitter thread in order to make the necessary feedback-based changes, if needed.

During the Celer Network tokensale on the Launchpad platform again had bandwidth problems; many people did not manage to purchase tokens.