Breez Releases iOS App to Further Lightning Adoption
Breez, a non-custodial wallet solution for the Lightning network, has launched its app for iOS with the intention of offering their full stack of services to the masses. The company believes the Bitcoin network will draw the most mainstream adoption, and the Lightning Network is the best way to use BTC as money, June 17, 2019.
Building Towards a Lightning Economy
Breez’ foresight is that the Lightning Network will usher in a new age of economic activity, with most mainstream transactions being processed over the layer two solution.
Bitcoin has the most resolute principles and network architecture, but the biggest drawback is how expensive it can be to store and use BTC. The advent of the Lightning Network sought to fix the scalability issues and lower the transaction fees to a fraction of what they would be on chain.
The logic behind the iOS beta release was to cater to the 98 percent of mobile users that rely on either Android or iOS. An app looking to be adopted by the mainstream must be available in the most widely used channels to stand any chance of traction.
Use of Bitcoin as peer-to-peer cash has been subject to a three-year-long debate, with most longtime community members agreeing with the store of value narrative, pointing out that Bitcoin must remain expensive to use in order to remain a secure and decentralized ledger.
The Lightning Network has borne the brunt of criticism from most non-maximalist cryptocurrency enthusiasts, especially those from the Bitcoin Cash camp. The lack of non-custodial solutions for the masses and the need to rely on channels through trust rather than verification was and remains one of the key pain points of the Lightning Network.
Breez solves the first problem, but the second problem is still unsolved and will become an increasingly potent issue as the BTC dust limit rises with increases in hash power and demand for block space.
Breez offers one of the most utility intensive user experiences for Lightning on lightweight devices like smartphones and tablets. The addition of submarine swaps and the upcoming integration of watchtowers will prove to be important updates for Breez to keep their robust customer experience intact.