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If you run your own lightning node, lightning is non-custodial. But strike is just a wallet that uses their own lightning node. So, if using strike, strike has
by yokem55 5y ago
If you run your own lightning node, lightning is non-custodial. But strike is just a wallet that uses their own lightning node. So, if using strike, strike has custody of your funds.
- dom96 5y agohow does this work? Isn't Strike just a company that manages the transactions at which point why is Bitcoin even mentioned at all?
- gruez 5y ago>If you run your own lightning node, lightning is non-custodial. But strike is just a wallet that uses their own lightning node. I don't know the implementation details of the strike app, but I don't see why you can't keep the signing keys on the device itself (as opposed to the server), and the server is only used for communication with the bitcoin network. That way you don't need to run a lighting node, but they don't control your funds either. Thin wallets use this model I believe.