5 ms·
* Using the lightning network, which the official app use, there is no latency. * Because the whole point is to be independent from foreign currency
by varajelle 4y ago
* Using the lightning network, which the official app use, there is no latency.
* Because the whole point is to be independent from foreign currency
- kzrdude 4y agoWe hear very little about lightning. Is it used much? Works well?
- randomhodler84 4y agoYeah, it rocks!! Love Lightning. I send sats to friends and family who can exchange them for goods and services in their local currencies. It’s almost instant and very low or zero fees. I recommend checking out BTCPay server, it is a full BTC node, LN node and payment invoicing system. Integrated into e-commerce platforms and apps.
- baby 4y agoBut you're using it through a service that uses lightning and custodies your funds? Or you are managing your own channel?
- randomhodler84 4y agoUh, it’s me. Of course I’m running my own node and managing my own channels!! BTCPay is sweet man, check it out. Ride the Lightning is a nice webui for LN
- rmac 4y agoi just decompiled the most recent android chivo app. It does not have a lnd client on it. It looks like the government ARE running a lightning node as part of the service, however: https://davidgerard.co.uk/blockchain/2021/08/24/el-salvador-chivo-network-back-end-leaked-200-atms-bitcoin-trust-fund-law/ https://davidgerard.co.uk/blockchain/2021/08/24/el-salvador-...
- baby 4y agoI'm wondering about the Strike app also that twitter is using. My guess is that none of these apps actually handle keys, and the backend is an exchange using lightning network. I've always seen the lighting network as a not great solution unless it is used between exchanges (think Coinbase <-> Binance). If it were to be used by users directly, you'd still have to pay the user-cost of receiving enough (takes time) and then establishing a channel.