Aqua wallet - Bitcoin, Lightning, Liquid - page 2.

dkbit98

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Aqua wallet released new version v0.1.30 few days ago so please update when you can:
https://github.com/AquaWallet/aqua-wallet

Liquid network released updated open source explorer version that has much more information about live federation audit system.
Design is very similar like well known mempool.space explorer for mainnet bitcoin:

https://liquid.network/

apogio

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Quote from: dkbit98 on February 07, 2024, 03:34:28 PM

I did use both Green and Aqua wallet.
Green desktop wallet is better if you want to use BTC and L-BTC with hardware wallets (Jade or ledger s), so it's much more secure, but you can use it standalone also.
Aqua mobile wallet is more used for spending and accepting smaller payments in LN and L-BTC, this is something in between Lightning and on-chain bitcoin, but you have all of them supported.
Advantage of Aqua wallet is that it has integrated swaps, and it can accept USDT from other chains and convert it to Liquid.

All wallets currently supporting Liquid assets (L-BTC, L-USDT, etc):

Thank you. As far as I know, Green wallet doesn't support LN payments, but only on-chain and Liquid.
I think Aqua also supports buying BTC, but Green doesn't.

Anyway, have you concluded which one is best for you (as a mobile wallet only)?

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Quote from: apogio on February 07, 2024, 06:45:49 AM

Has anyone ever used Green? I am interested in comparing these 2 wallets (Green and Aqua), but only for the Liquid Bitcoin and not the other features. Are there any significant differences?

I did use both Green and Aqua wallet.
Green desktop wallet is better if you want to use BTC and L-BTC with hardware wallets (Jade or ledger s), so it's much more secure, but you can use it standalone also.
Aqua mobile wallet is more used for spending and accepting smaller payments in LN and L-BTC, this is something in between Lightning and on-chain bitcoin, but you have all of them supported.
Advantage of Aqua wallet is that it has integrated swaps, and it can accept USDT from other chains and convert it to Liquid.

All wallets currently supporting Liquid assets (L-BTC, L-USDT, etc):

apogio

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I am interested in knowing more about the Liquid aspect of Bitcoin.

I have tested it with Blockstream Green and I liked it so far, but I need to study more about Liquid Bitcoin.

Has anyone ever used Green? I am interested in comparing these 2 wallets (Green and Aqua), but only for the Liquid Bitcoin and not the other features. Are there any significant differences?

Perhaps dkbit98 can help me? I see that you point out Green above.

dkbit98

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Quote from: n0nce on January 27, 2024, 04:46:03 PM

If you run your own Lightning node and / or use watchtowers

That is a lot of IF's, and let's face it Lightning Network alone will never be so popular and easy to use for the masses.
I heard many issues people had with channels and bunch of different wallets, than you also have to pay transaction fees each time you open and close channels.
I didn't say Aqua is better for everyone, it's better for me and it has LN integrated, so I can send and receive LN payments also if I want.
And yes, I know Liquid is federated network, that is why I said it's not meant to be used for keeping savings.

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Quote from: dkbit98 on January 25, 2024, 02:32:51 PM

I would say that it is much safer to keep L-BTC on Aqua wallet or in Jade hardware wallet, than to keep anything in Lightning Network.
This wallet is not meant for large amount of coins, it should be used for spending and/or for consolidation, you swap to Bitcoin and move to cold storage as savings.

It's not as clear-cut, though. Lightning is fully permissionless, way closer to the Bitcoin ethos than a permissioned sidechain. On L-BTC you do have that dependence on the 'Liquid Federation':

Quote from: https://blog.liquid.net/the-truth-about-liquid/

While it's not fully permissionless like Bitcoin, Liquid is fault-tolerant, censorship-resistant, and has different trade-offs than other second layers like Lightning.

They say it themselves; the trade-offs are different, not necessarily better or 'much safer'.

If you run your own Lightning node and / or use watchtowers, I'd say that Lightning is safer, since I can close channels on my own terms whenever I want, and there is no federation or anyone else who could prevent me from doing so. I have full control over my channels and what I do with them, at all times. In that sense, you could say it's more safe, because there is no risk of getting my funds locked by an external party.

On the other hand, if you use something like a mobile Lightning wallet that's offline most of the time and your channels have too short lock times, your channel partner (usually the developer of the wallet) could steal your funds, though.

The real, definitive answer to what's more secure is: 'it depends'.

dkbit98

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Quote from: satscraper on January 25, 2024, 05:32:52 AM

The most noticeable feature (brought by the latest 0.1.22 update) is support of available swaps on Marketplace.

Swap feature was always available for android version, and only reason why it wasn't available for iPhones is because of strict terms their store have for approving apps.

Quote from: JayJuanGee on January 25, 2024, 12:47:46 PM

but still likely not good for storage, but if someone might be building up his UTXO amount to get it to be in the $500-$1k range prior to creating a UTXO and sending to a private wallet, then this Aqua wallet might be a good intermediary way to accomplish such task.

Not good for storage YET, but support for hardware wallets is coming soon. Wink

I would say that it is much safer to keep L-BTC on Aqua wallet or in Jade hardware wallet, than to keep anything in Lightning Network.
This wallet is not meant for large amount of coins, it should be used for spending and/or for consolidation, you swap to Bitcoin and move to cold storage as savings.

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Quote from: satscraper on January 25, 2024, 05:32:52 AM

Quote from: dkbit98 on January 03, 2024, 09:03:44 AM

I just got my hands on a brand new mobile wallet for bitcoin called Aqua wallet.

Have you tested Aqua wallet and what do you think about it?

After reading your info here I have installed Aqua on my iPhone and tested it during couple of weeks.

Yesterday iOS flavor of this wallet was elevated to v. 0.1.22 .

The most noticeable feature (brought by the latest 0.1.22 update) is support of available swaps on Marketplace.

So far so good, I go on with testing.

I had to update twice.. and then now I see the ability to swap.. I was kind of waiting for this feature because it could allow some ways to be able to use lightning network when the onchain fees have gone up but channels had not been created in advance.. even on Phoenix I had seen 40k to 60k satoshi ($25-$40) channel creation fees, but now they seem to have had come down into the 8k to 9k satoshi ($2.50 to $4) arena.. at least somewhat temporarily. So yeah testing out some sending and receiving but also testing out some swapping might give some ideas regarding the competitiveness of the fees..

And frequently I am concerned about how poor people (or even people who engage in a lot of smaller amount transactions) manage their fees when they sometimes are creating a lot of very low value (such as less than $100) UTXOs, and there sometimes will need to be routes around how to maybe create some intermediate levels of holding coins.. so maybe if there is skepticism of holding coins with 3rd parties or holding on some of the lightning network services, this aqua could serve as a kind of intermediary.. but still likely not good for storage, but if someone might be building up his UTXO amount to get it to be in the $500-$1k range prior to creating a UTXO and sending to a private wallet, then this Aqua wallet might be a good intermediary way to accomplish such task.

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Quote from: dkbit98 on January 03, 2024, 09:03:44 AM

I just got my hands on a brand new mobile wallet for bitcoin called Aqua wallet.

Have you tested Aqua wallet and what do you think about it?

After reading your info here I have installed Aqua on my iPhone and tested it during couple of weeks.

Yesterday iOS flavor of this wallet was elevated to v. 0.1.22 .

The most noticeable feature (brought by the latest 0.1.22 update) is support of available swaps on Marketplace.

So far so good, I go on with testing.

dkbit98

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Quote from: bitmover on January 24, 2024, 07:27:10 AM

I am already using aqua wallet in my phone.

Good to hear that you started drinking some of the Aqua Liquid Wink

They are also working on desktop wallet, so keep an eye on that.
Also make sure not to keep all your fortune in Liquid assets, move BTC on-chain when fees are lower.

Quote from: bitmover on January 24, 2024, 07:27:10 AM

I will soon add L-BTC to bitcoindata.science (in donations page and in the balance Checker tool).

Thanks!

Quote from: bitmover on January 24, 2024, 07:27:10 AM

Ledger Nano S model (the old one) supports liquid network, while new models doesn't

I knew that ledger nano s supports liquid, but I don't understand why would they remove support for other models, another strange decision from ledger team. Tongue

Anyway, Jade hardware wallet would probably be better, and you can also use Green wallet and Specter desktop wallet for Liquid assets.
I was talking with Satochip team and they think adding L-BTC and L-USDT could be an interesting idea.

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Quote from: dkbit98 on January 23, 2024, 08:56:57 AM

As promised Aqua wallet developers just released code as open source on their github page with latest update v0.1.19.
With new update there are some improvements, bug fixes and they finally added new dark theme mod.
You can download new Aqua wallet on github as apk, on g00gle and apple store, and F-droid release is coming soon.

Good news.

I am already using aqua wallet in my phone.

I will soon add L-BTC to bitcoindata.science (in donations page and in the balance Checker tool).

But I also found something interesting about liquid.

Ledger Nano S model (the old one) supports liquid network, while new models doesn't

Quote

Liquid app only available on Ledger Nano S

Please note that the Liquid app is only available on the Ledger Nano S as it was developed a long time ago, and its developers have not released any updates since then. Ledger Nano X and Ledger Blue don't support the Liquid app.
https://support.ledger.com/hc/en-us/articles/360013451019-Liquid-L-BTC?docs=true

dkbit98

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As promised Aqua wallet developers just released code as open source on their github page with latest update v0.1.19.
With new update there are some improvements, bug fixes and they finally added new dark theme mod.
You can download new Aqua wallet on github as apk, on g00gle and apple store, and F-droid release is coming soon.

Official github:
https://github.com/AquaWallet/aqua-wallet/releases/tag/v0.1.19

Read more information on Aqua blog page:
https://jan3.com/blog/aqua-wallet-now-open-source-software/

dkbit98

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Quote from: bitmover on January 05, 2024, 03:14:49 PM

Isn't aqua wallet an old blockstream wallet?

There was an old Aqua wallet from Blockstream, but Jan3 took over development from them.

Quote from: bitmover on January 05, 2024, 03:14:49 PM

Maybe they broke apart from blockstream? But they are still using Liquid, like green wallet.

They are totally different company but they cooperate and they are both part of federation system for Liquid network, with other companies around the word.

Quote from: bitmover on January 05, 2024, 03:14:49 PM

Aqua wallet LN is a bit frustrating.

Not at all, even grandmas can use this wallet, it is that simple.
However, this is not meant to be LN-only wallet, but it uses seed words so it is much safer than custodial LN wallets.

Quote from: JayJuanGee on January 06, 2024, 11:24:19 AM

The last few days, BTCSessions (Ben Perrin) had been talking about Aqua Wallet, and in his latest episode of "Why Are We Bullish?"

I watched it, very good show.
Guys from Jan3 confirmed that Aqua source code will be released as open source in one or two weeks max, they are currently cleaning the code from junk.

Quote from: JayJuanGee on January 06, 2024, 11:24:19 AM

It shows three kinds of Tether (Liquid, Ethereum and Tron), and I am wondering what is "Liquid Tether"?

L-USDT is the same as Tether but not using any altcoin blockchains.
You can easily swap L-USDT for L-BTC, and fees are much lower than on-chain.

Quote from: FinneysTrueVision on January 07, 2024, 05:12:35 AM

According to a review published on Stacker News, they originally had terms which stated that Aqua Wallet had the right to collect KYC information.

This is only for third-party partner services, like upcoming debit cards or similar stuff they are going to offer.

Aqua wallet just got approved and released on g00gle Play store:
https://play.google.com/store/apps/details?id=io.aquawallet.android

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Quote from: FinneysTrueVision on January 07, 2024, 05:12:35 AM

According to a review published on Stacker News, they originally had terms which stated that Aqua Wallet had the right to collect KYC information.

Perhaps the original idea was to make the wallet custodial. A non-custodial wallet has no way to enforce KYC on a user who can simply ignore their requests and take their coins elsewhere if they don't want to comply. Only a custodial service can freeze your assets and ask you to verify your identity to regain access.

JayJuanGee

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Quote from: FinneysTrueVision on January 07, 2024, 05:12:35 AM

According to a review published on Stacker News, they originally had terms which stated that Aqua Wallet had the right to collect KYC information.

Quote

"AQUA may sometimes be required to collect personal information in addition to Identification Information, such as identity documents (including passport, driver's license, national identity card, state ID card, tax ID number, passport number, driver's license details, national identity card details, visa information, etc.), proof of address, source of fund declaration, purposes of fund documents, and source of wealth."

That has since been removed and replaced with the following: ”AQUA Wallet does not collect, process or store any personal information or documents.”

The target audience for this wallet seems to be USDT users on altcoin blockchains and people who want to use Lightning with minimal risk. By the looks of it, Liquid still has a long way to go in convincing users they should adopt it.

I sill have not deposited any value onto Aqua, yet part of my curiosity also includes how they might allow for swapping between assets, and it appears that the "market place" has not gone live yet, and I was wondering if that was the main place to swap between assets, and then if there were local laws, then they might have initially been considering ways to comply to various local jurisdictions, but maybe they are still trying to figure out how they might want to activate some of the swapping features that might cause some regulatory attention from various jurisdictions.

We can see that their marketplace interface includes: "coming soon" announcements for buying, swaps, paying bills and debit cards.^**

**Note that for illustrative purposes, the App allowed me to choose El Salvador (you can see by the flag on the upper right corner of the screenshot) as my jurisdiction. I chose with the consideration that maybe El Salvador might not have any jurisdictional regulatory obstacles.... but still I am not actually in El Salvador at the moment

I cannot see any other place to carry out the swaps (for example to swap from BTC or from one of the forms of Tether into lightning network tokens) that are actually active rather than in the "coming soon" category.

Maybe one of the shortest term objectives would be trying to figure out ways around (or to minimize) various kinds of onchain bitcoin fees during periods in which it is experiencing high fees, yet to attempt to do so without necessarily giving any support to shitcoins.. .. so maybe once BTC is on the Aqua wallet, then it could be converted into lightning network tokens for way less fees than it might cost to do so through other onchain ways during high fee times?

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According to a review published on Stacker News, they originally had terms which stated that Aqua Wallet had the right to collect KYC information.

Quote

"AQUA may sometimes be required to collect personal information in addition to Identification Information, such as identity documents (including passport, driver's license, national identity card, state ID card, tax ID number, passport number, driver's license details, national identity card details, visa information, etc.), proof of address, source of fund declaration, purposes of fund documents, and source of wealth."

That has since been removed and replaced with the following: ”AQUA Wallet does not collect, process or store any personal information or documents.”

The target audience for this wallet seems to be USDT users on altcoin blockchains and people who want to use Lightning with minimal risk. By the looks of it, Liquid still has a long way to go in convincing users they should adopt it.

Pmalek

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Quote from: JayJuanGee on January 06, 2024, 04:57:32 PM

Exchanges like Binance allow you to decide the network you want to use when you withdraw your USDT. Regardless of what type you deposited, you can withdraw a different one. They don't care. What's important is depositing the correct type of asset into the right address. The Omni layer USDT has lost its importance because you have blockchains like Tron and Ethereum that are quicker and cheaper to use. I didn't know that Binance doesn't even list the Omni layer one, but that tells you everything you need to know about its popularity.

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Quote from: dkbit98 on January 03, 2024, 09:03:44 AM

~

You gave us a summary what we should expect when we download the new Aqua wallet. But you forgot one thing. How have they increased security in the Aqua wallet app. I see that the main focus of the team is to improve the speed of transaction and ease the process of using mobile wallet. However, its essential we to place security as priority. Since the App is on testing i would a little amount and see how it works tomorrow.

Quote from: bitmover on January 05, 2024, 03:14:49 PM

Isn't aqua wallet an old blockstream wallet?

There is a 2020 topic here.

Quote from: ?? on ??

So Blockstream just recently released their new Aqua Wallet, that apparently supports Bitcoin and "all assets issued on the Liquid Network". And apparently, you can buy bitcoin through the Aqua app(through Apple pay) with no KYC required. Quite intriguing, so I downloaded the app with plans of testing this specific functionality.

Absolutely. This is what i have been thinking. It seems they rebranded from Blockstream and changed a few of the UI, Colors and functionality. Of which they introduced some new features in the App. This is because I noticed they use the same codebase. In conclusion it's just a product under the Blockstream company that was excluded to be a product on its own.

Oh i see its closed source Shocked

Just checked on x now and saw this reply

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Quote from: Saint-loup on January 06, 2024, 05:20:57 PM

Quote from: JayJuanGee on January 06, 2024, 04:57:32 PM

I guess that is what I meant, and you answered my question because I did not realize or consider what layer I might have had been on in the past.

I have never transacted in Tether in any kind of way except being on the exchanges.. although I think that when I had a Bitfinex account between about 2016 and 2017, I had Tether on that account, but I don't know what form of Tether, because when they forced all USA users off of their platform, I am pretty sure that I just converted all of that to BTC to transfer my BTC off of that account.

From about 2018 to 2021, I had a Binance account that used Tether (but I don't recall which type), and when they forced me to stop using their service in 2021, and per their recommendation, I decided to move all of my then Binance balances over to a new account that I created on their BinanceUS branch, and I am pretty sure that I transferred the Tether, but I had not remembered whether that was on Ethereum, even though it appears that the Tether that I currently hold on BinanceUS is ethereum based.. that seems to be the default. But if I go to withdraw Tether it gives me the below six options

Note: Avax C-Chain, BNB Smart Chain (BEP20), Ethereum (ERC20), Polygon (unavailable), Solana and Tron (TRC20). There is not even a Bitcoin option of apparently Omni or Liquid.

By the way, I recall that BinanceUS made me switch from Tether to dollars in 2021 (or maybe I did it on my own), and then earlier this year, they discontinued dollars, so I chose to switch to Tether, and I have been using Tether on BinanceUS ever since, even though I had not realized it was the Ethereum based on. .or maybe it does not really matter which one of the bases it is since they are holding it.. but if I am going to transfer it, then I have options to use either the ethereum or the tron version if I were going to move it over to Aqua... since neither Liquid nor Omni seems to be available with BinanceUS... which is all news to me.. if I am not repeating myself a bit too much on this point. hahahaha

As of now, it seems that only few exchanges are offering deposits and withdrawals for Tether on Liquid network, and except Bitfinex they are mostly small or local. I hope some bigger exchanges will accept it soon, otherwise we will need to open another account on another exchange with likely another KYC requirement to address.
https://help.blockstream.com/hc/en-us/articles/900005355626-How-do-I-get-Liquid-based-Tether-USDt-
Fortunately, it seems that there are more exchanges supporting Liquid BTC https://help.blockstream.com/hc/en-us/articles/900000629383-Which-platforms-support-the-Liquid-Network-

Thanks for that further explication (or explanation).

With that, I am thinking that Aqua Wallet is going to need to be added to Blockstream's list of places to get or swap into or out of Liquid Tether and/or Liquid BTC.

With so many different tokens (or seeming tokens), no wonder some of us (maybe just me?) get(s) confused about which things are shitcoins (or attached to shitcoins) and which ones are more pegged to bitcoin and bitcoin principles (even if there tend to be various centralizing tendencies in some of the ways that we might want to interact with Tether, versus Liquid versus Lightning Network.. in contrast to how many layers we might be away from bitcoin's main chain).

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Quote from: Pmalek on January 06, 2024, 02:53:54 PM

Quote from: JayJuanGee on January 06, 2024, 11:24:19 AM

It shows three kinds of Tether (Liquid, Ethereum and Tron), and I am wondering what is "Liquid Tether"? Is Liquid Tether the same as BTC Tether? or is there something different about Liquid Tether as compared with BTC Tether?

When you say BTC tether, I assume you mean the asset on the Omni layer, right? Both Omni and Liquid are layer 2 solutions for Bitcoin that allow the creation and transfer of different tokens (in this case the tether token). They are not the same protocol. I think Omni layer was the first network where the tether token resided. The Liquid network came later.

I think omni is not exactly a second layer. They are on chain transactions.

They are more likely 1st layer token, like ethereum tokens.

Liquid Tether is probably some 2nd layer (liquid) token.

Tether on omni were on chain transactions

Quote

Built on top of the Bitcoin blockchain

Omni is a platform for creating and trading custom digital assets and currencies. It is a software layer built on top of the most popular, most audited, most secure blockchain -- Bitcoin. Omni transactions are Bitcoin transactions that enable next-generation features on the Bitcoin Blockchain. Our reference implementation, Omni Core is an enhanced Bitcoin Core that provides all the features of Bitcoin as well as advanced Omni Layer features.

https://www.omnilayer.org/

This is how I understand it, I might be not 100% correct but I think it is different than 2nd layer transactions.

Topic: Aqua wallet - Bitcoin, Lightning, Liquid - page 2. (Read 892 times)