I am new to the Lightning Network / Bitcoin and am trying to get an understanding as to how it functions.
Basically, suppose I have a Lightning Node (created with "
lightningd"). It is my understanding that this is a daemon that starts at a certain port: 9735. On my picture, it is the box with "My Node".
Question 1: is there only one wallet inside of this node? If so, is there a way to have additional wallets inside of the same node? Does one use the wallet address when one receives/sends funds (kind of like the way the
Bitcoin address to receive/send funds)?
Question 2: Is there a limit to the number of Channels I can create from "My Node"?
Suppose I have some relatives that do not use Smartphones but want to send/receive money over the network. They are represented in my picture with "Grandma", "Grandpa", "Mom", "Dad", and "Aunt Wilma".
Since they are older, they do not know much about computers, I am running their LN Nodes for them on my own computer.
Question 3: In this case, would I need 6 extra
Lightning Network daemons ("
lightningd") on my computer? If so, then would each daemon have to assign a different
port address? Is there be a better way to do this?