4 ms·

Don't you still have to pay the tx fee to open a lightning network channel? Anyway the whole thing lost me with the block size debate (always been a big blocker

• chill1 6y ago
  Yes, an on-chain transaction is required to open a channel. But once open you can continue to use it forever, or until you (or your counter-party) decide to close it. Lightning Network adoption is slow and steady. There are several newbie-friendly mobile wallet apps available [1][2][3]. Some nice improvements have been developed and pushed live in the last 18 months (e.g watchtowers [4] and atomic multi-path payments (AMP) [5]). There are now five Lightning Network node implementations (lnd, eclair, c-lightning, rust lightning, Electrum). And there are hardware projects working to bring LN into the physical space - one of which is my own project, a Lightning-only Bitcoin ATM named "Bleskomat" [6]. [1] https://phoenix.acinq.co/ https://phoenix.acinq.co/ [2] https://www.walletofsatoshi.com/ https://www.walletofsatoshi.com/ (!!) <-- custodial [3] https://breez.technology/ https://breez.technology/ [4] https://github.com/lnbook/lnbook/blob/8d2582e51eb615c850b24e83d41d9f5b673cd45e/node_operations.asciidoc#watchtowers https://github.com/lnbook/lnbook/blob/8d2582e51eb615c850b24e... [5] https://lists.linuxfoundation.org/pipermail/lightning-dev/2018-February/000993.html https://lists.linuxfoundation.org/pipermail/lightning-dev/20... [6] https://www.bleskomat.com/ https://www.bleskomat.com/
  • twox2 6y ago
    Thanks for the references!