the bitcoin

lightning network

A second-layer payment network.

how it works

Users open “channels.”

Channels are direct connections between users.

More users, more connections.

Creates a web of payment paths.

Note: It’s a solution. Not the solution. There are issues. Be aware of them.

pros / cons

Pros

  • Fast payments

  • Stays in Bitcoin

  • Private channels

  • Developing eco-system

Cons

  • Steep learning curve

  • Costs to open channels

  • Routing issues

  • Channel closures

supported wallets

Custodial

how to setup

Self-custodial

Step 1 - Get a wallet

Step 2 - Load with Bitcoin

Step 3 - Look for peers

Step 4 - Fund Channel

  • Send Bitcoin to channel address

Custodial

Step 1 - Get a wallet

Step 2 - Load with Bitcoin

best practices

  • Open well-funded channels.

    • 1,000,000 sats over 100,000 sats channels.

  • For better routing, open multiple channels.

  • Backup your channel states.

  • Use swaps to get back on-chain.

  • Be patient.

the bitcoin

lightning network

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