Derek Ross on Nostr: I love Phoenix wallet as a Lightning wallet because it's self custodial. That means a ...

I love Phoenix wallet as a Lightning wallet because it's self custodial. That means a full Lightning node runs on your smartphone, giving you full control over your Bitcoin Lightning funds. It's great for new Lightning users (minus the fact that it doesn't support Lightning addresses).

The latest Phoenix wallet now manages a single dynamic channel, there's no more 1% fee on inbound liquidity, it offers better predictability and control, and introduces trustless swaps from on-chain to Lightning and vice versa.

Phoenix believes that splicing will be game changing for Lightning wallet providers.

"We believe that the efficiency gains brought by splicing are so phenomenal that all wallets will eventually implement it. That is why this technological improvement marks the beginning of a new generation of self-custodial wallets."

https://acinq.co/blog/phoenix-splicing-update