Bitget Wallet Expands with Lightning Network and ARC-20 Token Support

Developers of the Web3 wallet Bitget Wallet have announced the integration of the Lightning Network (LN) and ARC-20 token standard as part of their efforts to enhance support for the Bitcoin ecosystem, according to a press release.

The Lightning Network is a second-layer solution for the Bitcoin blockchain, consisting of payment channels between users. With this integration, Bitget Wallet users can create LN wallets using email as identifiers and receive transfers via LNURL or QR codes.

ARC-20 is a fungible token standard based on the Atomicals protocol. Compared to Ordinals, it offers several improvements aimed at simplifying the creation of digital assets on the blockchain of the first cryptocurrency.

Unlike BRC-20, the standard requires the use of Taproot addresses only for token creation, not transfers. ARC-20 also features the Proof-of-Work mechanism Bitwork, allowing tokens to be mined using GPUs.

“Our team is highly focused on the development of the Bitcoin ecosystem. The integration of ARC-20 and the Lightning Network will attract even more holders of the first cryptocurrency. Bitget Wallet already has 15 million users, making it the largest Web3 wallet in Asia and one of the most popular worldwide,” commented Alvin Kan, Chief Operating Officer of Bitget Wallet.

Bitget Wallet is a multi-currency wallet supporting over 80 networks. It is part of the Bitget ecosystem and includes an NFT marketplace and the DEX Bitget Swap.

Earlier, Bitget Wallet partnered with UniSat Wallet, a wallet for storing and creating digital assets based on the Ordinals protocol.