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kn0wmad
2021-06-14 11:55:18 -06:00
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source/support/FAQ/bitcoin-faq.rst
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@@ -90,11 +90,18 @@ The reason there is so much confusion about these 3 concepts is that the Bitcoin
Please note: of the wallets listed (Specter/Sparrow/Electrum), only Specter is currently able to use Embassy as it's node, but the other two should be available soon. Please note: of the wallets listed (Specter/Sparrow/Electrum), only Specter is currently able to use Embassy as it's node, but the other two should be available soon.
Why would I want to run a lightning node? Why would I want to run a lightning node?
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The Lightning Network (LN) is a second 'layer,' built on top of the Bitcoin Protocol. As a result all transactions on LN are backed up by the full security of the Bitcoin network. Lightning is designed for instant payments between nodes, but similar to running a Bitcoin node, running your own is the only way to be sovereign. When you have your own node, you will have the convenience of linking a Lightning wallet, for use on the go. It is also possible to earn an income (granted a very small one at this time), if you are willing to learn how to become a 'routing node.' The Lightning Network (LN) is a second 'layer,' built on top of the Bitcoin Protocol. As a result all transactions on LN are backed up by the full security of the Bitcoin network. Lightning is designed for instant payments between nodes, but similar to running a Bitcoin node, running your own is the only way to be sovereign. When you have your own node, you will have the convenience of linking a Lightning wallet, for use on the go. It is also possible to earn an income (granted a very small one at this time), if you are willing to learn how to become a 'routing node.'
Where can I find instructions to open a channel with Start9?
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Please check out our "Using Lightning" video `here <https://www.youtube.com/watch?v=rAvoUNsobws>`_.
.. youtube:: rAvoUNsobws
Please remember to always open a "Private" channel with us, or your channel is likely to be closed. Please don't hesitate to reach out to us with any questions.
I opened a Lightning channel, but my local balance is lower than I expected. Where is the remainder? I opened a Lightning channel, but my local balance is lower than I expected. Where is the remainder?
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A fee to close the channel (onchain) is set aside at opening. A fee to close the channel (onchain) is set aside at opening.