In trying to understand the Lightning Network further. To do so, I was looking at the link below (it shows how it is being used with Docker): https://hub.docker.com/r/cdecker/lightning-ci/
Based on the information in the link, I had questions.
- STEP 1: # Returns an address cli/lightning-cli newaddr
^^^^ Ques: Is this a new address created on LIGHTNING NETWORK? Is it on the BITCOIN NETWORK? Is it in "No-Mans-Land/Purgatory"? Where is the Private-Key? Can many addresses be created?
- STEP 2: # Returns a transaction id bitcoin-cli -testnet sendtoaddress
^^^^ Ques: So, if you forget / lose this address (after sending money to it), you are out-of-luck? Also, "bitcoin-cli" commands are executed under the "btcd" BITCOIN dameon?
- STEP 3: # Retrieves the raw transaction bitcoin-cli -testnet getrawtransaction
- STEP 4: # Notifies
lightningdthat there are now funds available: cli/lightning-cli addfunds ^^^^ Ques: It is at this point the funds are actually added to the LIGHTNING NETWORK. I take it that the funds are associated with the created in STEP 1 above?