Lightning Labs has released an alpha version of its Lightning Network wallet. The desktop application is now compatible with Bitcoin’s mainnet and it leverages Neutrino to give users a lightweight option to control their own funds.
Blaming “a gap in [Coinbase’s] diligence process,” CEO Brian Armstrong writes that Coinbase “did not properly evaluate everything from the perspective of our mission and values as a crypto company.”
Coinbase’s Director of Institutional Sales, Christine Sandler, said in an interview last week that, in part, the exchange acquired controversial software firm Neutrino because its prior blockchain analysis providers were selling customer data.
With its analytical capabilities, Neutrino will help Coinbase add new features and tokens to the platform, while ensuring "compliance with local laws and regulations."
Jimmy Song explains Neutrino, a new protocol for light clients to get the data that they need while preserving privacy, without trusting a central server.