8.2 Different Types of Lightning Wallets

Differentiate Between Wallet Types

Objective: To understand the various types of Lightning Network wallets and their features.1. Open Source Wallets:

• Description: Wallets with publicly available source code, allowing for community review and contributions.

• Examples:

• • LND (Lightning Network Daemon)

  • Eclair

  • Ride the Lightning

2. Closed Source Wallets:

• Description: Wallets with proprietary source code, where the internal workings are not publicly accessible.

• Examples:

• • Zap Wallet

  • BlueWallet

3. Custodial Wallets:

• Description: Wallets where a third party manages the private keys.

• Examples:

• • Breez

  • Wallet of Satoshi

4. Non-Custodial Wallets:

• Description: Wallets where users retain full control over their private keys.

• Examples:

• • Phoenix Wallet

  • Zeus