...I wanna try out the lightning network today -say, using bluewallet.io, how do I generate the deposit request first of all?? ...hold on a sec; does it actually creates ,stores and process transactions on a separate Blockchain? Or does it prioritize the action that miners avail themselves more to transactions coming through the lightning network on the mempool that 'em usual 6 confirmations??!
Secondly, do y'all have other suitable wallets to recommend? I mean something with a more simpler operational method? Yeah?
Thirdly, how big does 0.00028190 BTC seem to be on a 40 dollar tnx?is it less on the lightning network?
Lastly, does every wallet supports the lightning Co-operation? Or is it made feasible to some preferred cold wallets?
P/S: are these part of the lightning network FAQ? Please, Redirect me if this questios have been answered already.
Preciate y'all!
Sandra 🧑🦰
Secondly, do y'all have other suitable wallets to recommend? I mean something with a more simpler operational method? Yeah?
Thirdly, how big does 0.00028190 BTC seem to be on a 40 dollar tnx?is it less on the lightning network?
Lastly, does every wallet supports the lightning Co-operation? Or is it made feasible to some preferred cold wallets?
P/S: are these part of the lightning network FAQ? Please, Redirect me if this questios have been answered already.
Preciate y'all!
Sandra 🧑🦰
First of all you need to create the channel on the lightning network tab after creating the channel, you will have a deposit request generated. This request will include an invoice or a payment request that you can share with others to receive funds.
- The Lightning Network operates as a second layer solution on top of the Bitcoin blockchain. It doesn't create a separate blockchain but rather uses smart contracts to enable faster and cheaper transactions.
- The Lightning Network does not rely on the usual six confirmations that Bitcoin transactions require. Instead, it provides instant transactions by leveraging the payment channels established between participants.
- 0.00028190 BTC = 0.00028190 BTC the fiat value is determined by the exchange value at the time of conversion so if you want to make $40 transaction then use any site like preev to get the BTC value and then make transactions.
