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Evolution of Bitcoin Payments with Phoenix Wallet and Splicing
Exploring the unique features of Phoenix Wallet and the introduction of splicing in Bitcoin payments, the chapter delves into the technical aspects, user experience, and business implications. It discusses the benefits of seamless integration of on-chain and lightning payments, the impact of splicing on fee dynamics, and the advantages for Lightning Service Providers in a volatile fee environment. The conversation also highlights the significance of splicing for consolidating funds, simplifying channel management, and promoting the use of Lightning Network transactions.