STW1⚡️: Introduction to Alby
https://www.youtube.com/watch?v=q-Em8UISSck
About Alby
Bitcoin holds the promise of being the native currency of the internet. With Alby we want to contribute to this becoming a reality. Alby’s mission is to provide the most convenient to use building blocks for Bitcoin, the money of the Internet, to transact directly, instantly and seamlessly online.
A Bee for the Ecosystem
Bitcoin holds the promise of being the native currency of the internet. With Alby we want to contribute to this becoming a reality. However, today there is still too much friction for users to frequently transact bitcoins online. That’s why Alby was born. Alby’s mission is to provide the most convenient to use building blocks for Bitcoin, the money of the Internet, to transact directly, instantly and seamlessly online.
To create this seamless experience for consuming content and services online the Alby browser extension was launched - a building block needed to fulfill Bitcoin’s promise of becoming the native currency of the internet. It allows everyone to send and receive Bitcoin over the Lightning Network and on top:
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Easy payments: Users finally interact natively with Lightning on the web based on the WebLN standard. No context switching when picking-up the smartphone to scan a QR code. Users can even set allowances to automate payments
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Direct rewards: Alby brings bitcoin payments to traditional content platforms in the web (e.g. own websites, Twitter, YouTube, etc.). With its tipping features users can directly reward content creators or service providers on their existing platforms.
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Passwordless logins: Passwords have problems. They can be too weak, reused on multiple systems, deliberately shared with other users, and socially engineered. With Alby users can conveniently sign into websites that offer simple logins with Lightning. without using passwords.
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Connect own wallets: Users can connect their own Lightning wallets or nodes and remain with their trusted setup. Of course, not every user wants to connect an own wallet or has one at all. For these cases, Alby offers a custodial wallet directly in the extension. Although a non-custodial setup is recommended, users have the choice now.
Source: https://blog.getalby.com/alby-hatches-from-its-beehive/
About this video
Moritz Kaminski from Alby provides an overview of the Alby browser extension and its use case in online Value4Value economies.
Chapters
00:00 - Introduction to Alby
34:54 - Configuring Alby w. your own node
36:00 - Exciting opportunities w. Lightning
38:53 - Value 4 Value
40:11 - Native online payment & business models