Lightning platform Breez integrates Blockstream’s Greenlight node service
Blockstream, a bitcoin & crypto-financial infrastructure provider, today announced a new collaboration with Breez, a popular Lightning platform, who will integrate its on-demand node service, Greenlight. Breez will use B...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Blockstream, a bitcoin & crypto-financial infrastructure provider, today announced a new collaboration with Breez, a popular Lightning platform, who will integrate its on-demand node service, Greenlight.
Breez will use Blockstream’s Greenlight to further build out its platform offerings, which already include a non-custodial wallet, a point-of-sale app for merchants, and a native podcast player.
By leveraging Greenlight’s hosted, non-custodial solution, Breez can concentrate on building tailored solutions for each use case without integrating a dedicated node into each application.
All applications can share the same backend node, simplifying management and consolidating funds that would otherwise be split across multiple apps. At the same time, Greenlight will integrate with the Breez LSP, providing its users with advanced liquidity and connectivity services.
“For the past three years we’ve been using the Breez mobile app as a playground to see how people can interact with the Lightning economy. We launched several new services like our point-of-sale and podcast player to become a sort of Lightning swiss army knife. Greenlight allows us to take the next evolutionary step in our quest to build a sovereign and scalable Lightning platform.”
– Roy Sheinfeld, Breez CEO
Greenlight is powered by the modular and extensible open-source implementation, Core Lightning…
Its low resource footprint is one of the many advantages that allow Blockstream to provision nodes more efficiently and cost-effectively than other providers on the market.
- Secured: Greenlight is 100% non-custodial. While the nodes run on Blockstream infrastructure, the operations team never has access to user funds, and transactions are always verified on a user’s device before signing off on them.
- Low-Cost: The leanness of Core Lightning and Greenlight’s ability to stay offline when not in use keep users from incurring unneeded costs.
- One-User, One-Node: Unlike bundling a node with a front-end app, Greenlight allows users to share a single node among many front-ends, saving on on-chain fees and improving fund control.
- Easy Recovery: When a user loses a phone, it will not mean losing bitcoin. Since Blockstream manages databases and backups, recovering funds is as simple as initiating a new front-end with a seed phrase.
The post Lightning platform Breez integrates Blockstream’s Greenlight node service appeared first on CryptoNinjas.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoNinjasRelated market context
Binance-Controlled Korean Exchange GOPAX Stops Trading, Makes Users Email to Withdraw Crypto
Customers of GOPAX, a Korean exchange whose operator Streami is majority-owned by Binance, can now get crypto out only by emailing...
Elliptic Traces $124M in Bitcoin Swaps From Binance Hack Funds
TL;DR: A November 6 update from blockchain intelligence firm Elliptic says roughly $124 million of assets stolen in the October Bi...
Coinbase Pitches a Full Token Lifecycle Service, From Public Sales to Custody
TL;DR: Coinbase’s November 5 product update describes an integrated set of services for token issuers, from sales and distribution...
Binance users in some European countries told to pull crypto before fees kick in, with accounts closing by year end
Affected accounts are reportedly set to close on Dec. 31. Users in Spain, France, and Poland say they've received similar notices.
Kalshi Users Pour $300 Million Into Stock Perps Within Hours of U.S. Debut
Kalshi, the CFTC-regulated prediction market, rolled out perpetual futures tied to individual U.S. stocks on Nov. 5 and said it is...
MEXC Refers French Clients to Kraken as Its EU Retreat Widens
MEXC will refer eligible French customers to Kraken, extending a transition arrangement the two crypto exchanges previously used i...