On October 8, the development team of Wallet of Satoshi, one of the most popular apps for sending and receiving payments with Bitcoin and Lightning Network (LN), announced an update that allows users to use the app in self-custody mode.
In the new version of self-custody, Each person has exclusive control over their private keywithout intermediaries.
To enable this new mode, after downloading the application or updating to the latest version, you need to open the menu with three gray lines from the first interface and select the option. “Switch to self-custody” (switch to self-storage), as shown in the following image:
The app will then ask you to save a 12-word seed phrase. The only way to recover funds If your device is lost, stolen, or altered.
Once the seed phrase is saved, the wallet will be able to operate in self-custody mode.
This measure ensures that only the owner has access to their money, reaffirming a core principle of Bitcoin. “It’s not a key or a coin.” (If it’s not a key, it’s not a coin).
The addition of this mode makes it easier for users to enjoy the speed and lower costs of Lightning transactions. without giving up the autonomy and security of self-custody..
This step brings Satoshi’s Wallet, available on Android and iOS, closer to Bitcoin’s original vision: a truly decentralized network where each person is their own bank. “A new era for Bitcoin begins now. Available worldwide starting today.”
