Meet Nodeless, The Non-KYC Bitcoin Lightning Processor Jack Dorsey Tweeted About - Decrypt
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Late last week, Jack Dorsey tweeted a link to Nodeless —and nothing else. Although cryptic, the mention seemed like a stamp of approval for the platform from one of Bitcoin’s most famous backers, sparking buzzy excitement as well as some debate over the merits of the Lightning payment processor.
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Summary
Nodeless is a non-KYC Bitcoin Lightning processor that allows merchants to easily accept Bitcoin payments on their website. It operates similarly to OpenNode, but with the key difference that users don't have to share identifying information to begin accepting payments. Nodeless is "nodeless" in the sense that a merchant accepting payments doesn't have to run their own Lightning node, instead, Nodeless's node is the one passing on the payment. While some Bitcoiners expressed skepticism about this model, Nodeless operates legally in Canada and plans to move to El Salvador, known for its lax measures toward Bitcoin and cryptocurrencies.
Top Highlights
- Late last week, Jack Dorsey tweeted a link to Nodeless —and nothing else. Although cryptic, the mention seemed like a stamp of approval for the platform from one of Bitcoin’s most famous backers, sparking buzzy excitement as well as some debate over the merits of the Lightning payment processor. AD What is Nodeless, exactly? In short, merchants...
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