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Non-custodial peer-to-peer (P2P) bitcoin (BTC) trade HodlHodl introduced Lightning Community help in a Medium article revealed on June 5.
The announcement claims that now “everybody is ready to purchase bitcoins and obtain them immediately into their Lightning pockets & promote bitcoins immediately from their Lightning pockets.” The put up additionally notes that the platform has beforehand examined Lightning Community help on the take a look at community.
The corporate reportedly solely carried out Lightning Community help after profitable testing. The put up additional highlights that the precise process won’t be a lot totally different when in comparison with the standard HodlHodl transaction:
“The one distinction is that for the contract lifetime we maintain funds in our Lightning pockets which protects each purchaser and vendor from scams, and the contracts turn out to be cheaper, quicker and less complicated. ”
Lastly, the corporate notes that the implementation won’t have an effect on the remainder of the platform, and that the common bitcoin on-chain multisignature contracts used on the platform will nonetheless be non-custodial.
As Cointelegraph reported yesterday, P2P crypto trade LocalBitcoins — HodlHodl’s main competitor — has formally confirmed the elimination of buying and selling in native fiat currencies.
LocalEthereum, the similarly-named platform catering to ether (ETH) merchants, introduced it had eliminated money transaction charges as a direct response to LocalBitcoins’ motion.
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