Wallet of Satoshi is a mobile app for iOS and Android that lets you send and receive Lightning payments. It is a zero-configuration custodial wallet with a focus on simplicity and the best possible user experience. It can be downloaded using the links at walletofsatoshi.com Simply download and install the app and you are on the Lightning Network!
A Wallet of Satoshi is the smallest unit of the Bitcoin currency recorded on the block chain. It is a one hundred millionth of a single bitcoin (0.00000001 BTC). The unit was named in homage to the pseudonymous creator of Bitcoin, Satoshi Nakamoto.
What Is Lighting
Lightning is an open source retail payment system built on top of Bitcoin. Wallet of Satoshi main purpose is to enable extremely fast and cheap payments, much faster and cheaper than regular Bitcoin transactions, while retaining the same level of security.
It is used for the kind of payments that you would expect when shopping; fast, cheap and reliable. It also allows for micro-payments: the sending of extremely small amounts of money, in the order of one ten-thousandth of a cent at a time.
Where Can Spend Lighting
You are still early, but the list is growing all the time. You can:
To ensure you can access your wallet in the event of a broken or lost phone, just be sure to sign into your WoS with your email address. This will allow you to recover your balance and payment history on a new device.
There is a fixed fee applied when sending BTC ‘on-chain’ payments. This fee varies depending on the current state of the Bitcoin Mempool, and will be quoted to you before you confirm the payment.
Wallet of Satoshi have no control over the Bitcoin Miner Fees and, at times, it can be relatively expensive to ensure a transaction is included on the blockchain. They strongly encourage all users to send via the Lightning Network where possible for faster, cheaper payments.
An intuitive custodial wallet for the Bitcoin Lightning Network.
Top up your account in three ways:
1. Send bitcoin from an exchange or other wallet to the provided wallet address. – Your account will be credited instantly, and be spendable when confirmed by the network, usually about 10 minutes.
2. Send bitcoin from an exchange or other wallet using the Lightning Network. – Your account will be credited and you can spend instantly.
3. Buy Bitcoin! – Tap the Buy Bitcoin button and, depending on your location, you will be shown options to purchase.
Some things you can do:
– Scan a merchant’s Lightning (or on-chain Bitcoin) QR code to pay, paste their payment address, or click a direct Lightning Invoice link.
– Use LNURL-Withdraw to #stacksats, a feature supported by many lightning apps and games.
– Find Physical Merchants near you who accept lightning using the Google Maps integration.
From the makers of Australia’s original and most trusted bitcoin bill payments service, Living Room of Satoshi.
Of Course! With Wallet of Satoshi you can pay a Lightning Invoice or send directly to an on-chain Bitcoin address. When you scan a QR code (or paste it directly into your wallet), your WoS will automatically identify what type of payment it is and will create the correct transaction type for you instantly.
Why Wallet of Satoshi?
Wallet of Satoshi focuses on user experience and simplicity, functioning exclusively as a Bitcoin Lightning Network wallet. The Lightning Network allows Bitcoin transactions to be sent instantly thanks to off-chain channels. Lightning transactions are free and secure as the network relies on the security of the Bitcoin blockchain without miner fees being incurred.
With most Lightning Network wallets, users must setup a channel with the party they are sending the transaction to in order to successfully make a transaction. As a custodial Lightning Network wallet, WoS removes the need for users to manually open channels. Instead, channel setup is all done behind the scenes as soon as you top up your wallet with Bitcoin.
Just what you need to see, and nothing you don’t.
Scan to Pay
Scan the merchant’s QR code. Confirm. Done.
Top Up Options
Send bitcoin from an exchange or buy directly from.
So Easy – your Mum could use it
Wallet of Satoshi No fuss, no confusion.
Tips for securely storing your Wallet of Satoshi
Do your own research. Before sending any coins or private data to a wallet, make sure you have researched the wallet provider to make sure everything is above board. Keep an eye out for scam wallets, such as those using URLs only slightly different to the URLs of legitimate wallet providers, and check out some independent reviews for all the pros and cons.
Back it up.Maiar.com use of your wallet’s back-up and restore facility so that if something ever goes wrong with your wallet, you’ll be able to recover your funds.
Set a strong password. Now is not the time to be lazy when creating a password; take your time to create a strong and uncrackable code.
Make use of all available security features. Make the most of all the security features your wallet offers, such as two-factor authentication or multi-signature transactions. It’ll offer increased protection for your funds and greater peace of mind for you.
Update your antivirus software.Maiar.com care to regularly update the antivirus protection and anti-malware software on any device you will be using to access your wallet.
Keep your private keys private. Last but not least, don’t underestimate the importance of your private keys. Store them somewhere safe and don’t share them with anyone else.
Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment into any online program with money you aren’t prepared to lose. Make sure to research about the website. So Please take care of your investments. and be in the safety site and avoid much losing online.
One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.