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@@ -107,3 +107,8 @@ The word "wallet" has come to mean a lot of things, depending on who you ask and
(3) SEED WALLETS - Basically just the root of a hierarchical deterministic tree of keypairs. It usually takes the form of a mnemonic phrase of 12 or 24 words. Why people refer to their mnemonic seed as a "wallet" is confusing. Just call it a seed.
(4) BRANCH WALLETS - This is how Specter uses the word wallet, and it is causing a lot of confusion. Whenever you create a new "wallet" in specter, you are actually creating a new hierarchical deterministic branch of your mnemonic seed - or in the case of multisig, multiple seeds. The branch you create can be based on "purpose" (segwit, non-segwit, single-sig, multi-sig, etc), "coin type" (Bitcoin, Doegecoin, etc), or "account" (for personal accounting). Change any of these parameters, and you have yourself a new wallet, which again is just a different branch of the same mnemonic seed that potentially abides by a different set of rules. Perhaps a better name for this concept is "bank". Instead of "wallets", you should be able to create different "banks" from your seed.
Lightning Network
=================
The Lightning Network is a "payment layer" that sits on top of the Bitcoin blockchain, which it uses for final settlement. This allows Bitcoin to scale without affecting the security of the protocol layer. It is easiest to think of Lightning Network as a system that allows anyone to use their Bitcoin to have a running tab (think bar tab) of money they owe each other. For example, 2 friends may have a "channel" (tab) between them that they use for exchanging value. The channel keeps track of who owes what. Those payments can be settled at any time on the Bitcoin blockchain if either or both parties decide to close out. One big incentive to use Lightning is that payments are extremely fast and fees are extremely low. You can find an introductory video explanation `here <https://www.youtube.com/watch?v=rrr_zPmEiME>`_.