Instant Bitcoin: My First 30 Days On Lightning

Instant Bitcoin: My First 30 Days On Lightning

Bitcoin
January 11, 2022 by Editorial Team
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This is a journal of my experience with Lightning that will be useful to any newcomers to Bitcoin or Lightning. As a disclaimer, there are many more ways to do things than I have shown here. There are a range of products and solutions for getting started, some more complicated than others. While there are
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This is a journal of my experience with Lightning that will be useful to any newcomers to Bitcoin or Lightning. As a disclaimer, there are many more ways to do things than I have shown here. There are a range of products and solutions for getting started, some more complicated than others. While there are certain standards and best practices for using Bitcoin and Lightning, the only way to get better is to jump in wherever you feel comfortable and learn a lot as you go.

Before diving in, it’s good to have an understanding of the difference between Bitcoin Layer 1 and Lightning, i.e., why Lightning exists, its own trade-offs and special considerations. This post specifically pertains to operating Lightning channels. Effective channel management can be a rabbit hole of its own, but before we can make sense of it, let’s establish some key concepts.



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