bitkit
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bitkit | blink | |
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1 | 3 | |
108 | 355 | |
3.7% | 0.0% | |
9.8 | 9.9 | |
2 days ago | 2 days ago | |
TypeScript | TypeScript | |
MIT License | MIT License |
Stars - the number of stars that a project has on GitHub. Growth - month over month growth in stars.
Activity is a relative number indicating how actively a project is being developed. Recent commits have higher weight than older ones.
For example, an activity of 9.0 indicates that a project is amongst the top 10% of the most actively developed projects that we are tracking.
bitkit
blink
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$100 Bitcoin purchase on Lightning Strike app for ZERO fees. Bye bye to Coinbase account!
They probably did talk about Strike in the video. Jack Mallers met with the president of El Salvador and Jack's company Zap developed El Salvador's wallet named Chivo. Bitcoin Beach Wallet was developed by Galoy.
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Instantly paying your electric bill in a poor village of El Salvador
It's semi custodial solution. Basically a small local community bank leveraging LN. https://github.com/GaloyMoney/galoy
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El Salvador makes Bitcoin legal tender
To give some technical background: yes, using Lightning (as they seem to do) for affordable BTC payments is challenging for most. As far as I am aware that is why they rely on custodial solutions [1]. People hold their money with someone from their village they trust, which is not ideal but neither is being unbanked. Down the road I could easily see this trust being spread over multiple people using multisig wallets.
The amazing thing about all this is that everyone can become a BTC "bank". You need a bit of capital but orders of magnitude less than a normal bank would require, maybe 2k$ to get started of which you might spend 400$ on hardware and fees to open some channels. The trustless nature of lightning lets you and your users then join the global payment network without asking for permission from anyone and you can engage in commerce internationally.
I think, while we are still early, that this is an awesome experiment. It will highlight the UX problems so we can fix them. Hopefully at some point all this will make sense to the average westerner too, so we can finally have a money not controlled by anyone (states, incumbent banks) again. But that might take a long time.
[1] https://github.com/GaloyMoney/galoy#status-of-the-project
What are some alternatives?
firmware - ❄️ Firmware and simulator for Coldcard Hardware Wallet
lightning-browser-extension - The Bitcoin Lightning Browser extension that connects to different wallet interfaces and brings deep lightning integration to the web
LibraCoin - A cryptocurrency platform that uses fake currency to allow users to learn while competing to be the top trader.
lnd - Lightning Network Daemon ⚡️
Eclair - A scala implementation of the Lightning Network.
coindrop - Create a custom webpage for zero-fee payments/donations/tips
mempool - Explore the full Bitcoin ecosystem with mempool.space, or self-host your own instance with one-click installation on popular Raspberry Pi fullnode distros including Umbrel, Raspiblitz, Start9, and more!