What is Muun Wallet? A multisig Bitcoin Lightning Wallet that combines the advantages of custodial / non-custodial wallets.

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(Edited)

Was ist die Muun Wallet? Eine innovative, besonders sichere, multisig Bitcoin Lightning Wallet, die die Vorteile von non-custodial und custodial Wallets vereint, während sie für on-chain Transaktionen self-custodial ist.

Das Besondere der Muun Wallet ist, dass sie zwei Keys für on-chain Bitcoin-Transaktionen verwendet. Daher Multisig. Ein Key verwaltet der Anbieter, während der zweite Key in der lokalen App gespeichert wird.

Diese multisig-Ansatz bietet sogar eine zusätzliche Sicherheit. Wenn ein Hacker zum Beispiel nur den lokalen Key oder nur den Key in der Cloud stiehlt, kann er keine Bitcoin transferieren. Für eine Transaktion braucht man immer beide Keys.

Es besteht aber auch die Möglichkeit beide Keys selber zu backupen, wodurch im Notfall, wenn zum Beispiel Muun das Service einstellen würde, es immer noch möglich ist, an seine Bitcoin zu gelangen. Daher ist die Wallet auch self-custodial.

Lightning-Transaktionen werden hingegen von Muun gemanagt, d.h. man muss nicht kompliziert Channels öffnen. Kleine Beiträge werden von Muun vorgestreckt bzw. Guthaben scheinen noch nicht on-chain auf, sondern werden erst bei der nächsten on-chain Transaktion mit Muun gegengerechnet.

Dadurch ist die Wallet sehr benutzerfreundlich, sicher und effizient. Ein kleiner Nachteil ist, dass durch die multisig-Transaktionen und das periodische Verrechnen von LN-Zahlungen höhere Transaktionsgebühren bei on-chain Transaktionen anfallen.

Insgesamt finde ich das einen guten Kompromiss zwischen custodial und non-custodial.

Was sagt ihr zu dem Ansatz? Hat schon jemand die Muun Wallet ausprobiert? Welche Bitcoin Wallet nutzt ihr?

Muun Wallet

muun-wallet-1.jpg

https://muun.com/

The Muun Wallet is available for both Android and iOS.

English

What is Muun wallet? An innovative, highly secure, multisig Bitcoin Lightning wallet that combines the advantages of non-custodial and custodial wallets, while being self-custodial for on-chain transactions.

What is special about Muun is that it uses two keys for on-chain Bitcoin transactions. It's a multisig wallet. One key is managed by the provider, while the second key is stored in the local app.

This multisig approach even offers additional security. For example, if a hacker steals only the local key or only the key in the cloud, they cannot transfer any Bitcoin. You always need both keys for a transaction.

However, it is also possible to back up both keys yourself, which means that in an emergency situation, for example if Muun were to stop their service, it is still possible to access your Bitcoin. The wallet is therefore self-custodial.

Lightning transactions, on the other hand, are managed by Muun, i.e. there is no need to open or manage channels, which can be quite cumbersome. Small amounts are advanced by Muun and credits do not yet appear on-chain, but are only offset against the next on-chain transaction with Muun.

This makes the wallet very user-friendly, secure and efficient. A small disadvantage is that the multisig transactions and the periodic settlement of LN payments result in higher transaction fees for on-chain transactions.

I think all in all it's a good compromise between custodial and non-custodial.

What do you think of this approach? Has anyone already tried the Muun wallet? Which Bitcoin wallet do you use?

Live your Secrets and Hive Prosper 🍯

xx Viki @vikisecrets

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23 comments
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No I haven't heard of it before now, but thanks for the information.

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havent tried it yet. this is my first time hearing about it.

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i havent heard of it. but i will try to check it out.

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Wow dear friend, sounds like a very cool wallet. I like the idea of it being secure and easy to use. I haven't tried a lightning wallet yet, but this one seems promising.😍😍😍

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saw this in an ad. but didnt bother since im already using a ledger waller. much safer i think.

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I don't really like this idea of someone else holding keys to my crypto, yes the transaction requires both keys, but still, it's eerie to me.

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Hab ich schon mal getestet und ich finde sie läuft ganz gut 👍

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Quite the first time I will be seeing this but it is really interesting to see how it comes

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Munn wallet must be a very great one to use because it is secure
I like that!

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Thanks for letting us know about Munn wallet
It seem like a very good one

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Honestly, haven't heard about it , but i like the idea of been able to access your Bitcoin even when Muun isn't functional or stop their service.

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Quite the first time I will be hearing about the wallet but it actually have a whole lot of usefulness looking at it

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It sounds interesting and I am glad to see that you can store both keys. At least you won't lose your wallet.

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i dont like it, but it seems a good and safe approach

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