Lightning Network 101

lightning network 101

Lightning Network 101

Sending Bitcoin via the Lightning Network

Sending bitcoin via the lightning network is instant as no confirmations are required on transactions inside a trust channel.

All you need is a BTC balance in a channel. When you refill your bitcoin lightning wallet from your bitcoin wallet, you are placing trust in the BlueWallet lightning node.

You can now tap the send option in your lightning wallet and enter a valid bitcoin lightning invoice address or scan the QR code you received from the requesting party.

Instructions

  1. Get an invoice from the recipient
  2. Open your wallet and tap the lightning wallet you want to spend from
  3. Scan the QR code or enter the LN invoice address
  4. Hit send!

It’s simple and easy. This is the main LN purpose. To be able to transfert bitcoins and other cryptocurrencies fast and efficiently.

 

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