{"id":19177,"date":"2019-10-10T16:00:39","date_gmt":"2019-10-10T16:00:39","guid":{"rendered":"http:\/\/ci027cfe7020072697"},"modified":"2019-10-10T16:00:39","modified_gmt":"2019-10-10T16:00:39","slug":"dropbit-adds-lightning-network-support","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/technical\/dropbit-adds-lightning-network-support","title":{"rendered":"DropBit Adds Lightning Network Support"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/dropbit-adds-lightning-network-support.jpg\" title=\"\"><\/figure>\n<p><a href=\"https:\/\/dropbit.app\/#top\" target=\"_blank\" rel=\"noopener\">DropBit<\/a>, a bitcoin wallet and payment service provided by CoinNinja, allows you to send bitcoin to people who don\u2019t own any. Now, it\u2019s using Lightning Network to beef up its self-stylized role as the Venmo for bitcoin.<\/p>\n<p>Revealed exclusively to <em>Bitcoin Magazine <\/em>ahead of a public announcement, the DropBit app has built out its own integration for the Lightning Network. As part of the app\u2019s 3.0 update, this Lightning Network compatibility will allow users to send Lightning payments to folks who aren\u2019t using the secondary network yet (or Bitcoin at all). DropBit will roll out the new integration on a case-by-case basis with its beta program in the coming months.<\/p>\n<h2>How It Works<\/h2>\n<p>To bring the Lightning Network to its service, DropBit opens up a channel for user B and deposits the funds user A sent them into the channel. As in the case of on-chain bitcoin drops on the app, once the new user verifies their information, they can claim their bitcoin.<\/p>\n<p>\u201cThe DropBit wallet is about sending frequent, smaller Bitcoin transactions in the easiest way possible,\u201d Kyle Stalzer, head of product at CoinNinja, told <em>Bitcoin Magazine<\/em>. \u201cYou don&#8217;t need a long abstract wallet address \u2014 you simply need someone&#8217;s phone number or Twitter handle to send \u2014 even if the recipient has never owned bitcoin previously.\u201d<\/p>\n<p>With Lightning, DropBit will have more flexibility to accommodate low-fee micro-payments.<\/p>\n<p>\u201cAdding Lightning Network support makes these small sends more economically viable,\u201d Stalzer said. \u201cYou can send bitcoin for next to no fee with Lightning, a critical piece on the value proposition of using bitcoin as a transactional currency.\u201d&nbsp;<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/lightning-is-here.png\" title=\"\"><\/figure>\n<p>When you send someone bitcoin on DropBit, they\u2019ll receive an alert regarding your payment and, once they sign up for the service, the payment will automatically be deposited into their wallet once it is activated.<\/p>\n<p>With the 3.0 release, DropBit is now SegWit-enabled. It also modified its seed phrase scheme.<\/p>\n<p>While DropBit\u2019s Lightning Wallet isn\u2019t available for use just yet, you\u2019ll be able to see the UI and UX in this release. DropBit will begin by unlocking the Lightning Network features for select participants in a beta program before taking it fully public (you can <a href=\"https:\/\/twitter.com\/dropbitapp\" target=\"_blank\" rel=\"noopener\">tweet at them on Twitter<\/a> if you\u2019d like to test it out).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DropBit is updating its app to allow users to send bitcoin via the Lightning Network.<\/p>\n","protected":false},"author":2566,"featured_media":19179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[460],"class_list":{"0":"post-19177","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technical","8":"tag-lightning-network"},"author_data":{"id":2566,"name":"Colin Harper","nicename":"colin-harper","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/MjEwMTYzMzc3Njg5ODYzNjQ2-96x96.webp"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/dropbit-adds-lightning-network-support.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/19177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2566"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=19177"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/19177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/19179"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=19177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=19177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=19177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}