Basic Understanding
This will give you a basic understanding of the lightning network, how it works, and where exactly it fits in the Bitcoin ecosystem
Use cases for the Lightning Network
The lightning network is very new and some interesting use cases have come to the surface. It is definitely not for everyone and you need some technical expertise to get under the hood. Simply using it however is now quite simple.
Hands On
Quiz
This is short multiple choice quiz to cement the concepts we covered.
Getting a bitcoin wallet that supports the Lightning Network
Goal
You set up a bitcoin wallet that supports sending and receiving bitcoin via the Bitcoin Lightning Network. For this guide, we will install the BlueWallet bitcoin wallet by BlueWallet Services S.R.L.
Instructions
- Download BlueWallet for iPhone from iTunes or Android from Google Play Store
- Follow the on-screen instructions to first create a bitcoin wallet
- Follow the on-screen instructions to create a bitcoin lightning wallet
MAKE A BACKUP OF YOUR PRIVATE KEYS. Tap the “options” for each wallet and tap “Export / Backup”. Store the private keys in a safe place. - Deposit some bitcoin to the bitcoin address
- Once your wallet receives the bitcoin, you can tap the bitcoin lightning wallet and refill it with some Satoshi by selecting the “manage funds” option.
MAKE A BACKUP OF YOUR PRIVATE KEYS. Tap the “options” for each wallet and tap “Export / Backup”. Store the private keys in a safe place.