Bitcoin lightning – ease of use and how channels work

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Hi all,

Hoping there are plans to make LN as easy as possible for newcomers looking to use BTC in the future. Even I am a bit confused about 'payment channels'. I really wish LN could operate in a wallet without even mentioning payment channels.

Is it possible for a wallet to automatically handle the opening and closing of payment channels behind the scenes? Bit hard to get mass adoption if we have to explain to ppl how to open a channel, send payment, pay for channel, close channel etc.

It's early days with LN but hoping someone more experienced can chime in here. I think opening a channel costs BTC right? Again, how much does this cost and can it be handled by a wallet automatically?

submitted by /u/stoyo889
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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $63181.14 USD  (via Coinbase)
1 ETH = $4153.95 USD  (via Coinbase)
1 LTC = $195.83 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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