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Questions tagged [ln-opening-channels]

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0
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2answers
30 views

How to fund a bidirectional payment channel?

Assuming two users want to create a bidirectional channel between themselves such that user_1 wants to pay 2 BTC to user_2 at the end and he divides this amount into 10 micro-payment (each micro-...
4
votes
2answers
242 views

What criteria should be taken into account when selecting nodes to create new lightning channels with?

Alex Bosworth recently pointed out: I see people connect to a "well connected" node on LN and by that they mean they connect to a node with lots of channels. The number of channels is actually a ...
0
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1answer
31 views

How is the recipient address for closing a Lightning Channel derived?

I've recently opened a payment channel in the Bitcoin testnet LN. The funding TX ded9fc8b1ee5506037e057a37057a598c362c4b698a40076e75ea88e2ae8a2a2 decoded: { "txid": "...
1
vote
1answer
103 views

To create a channel on the Lightning Network, do you have to execute an actual transaction?

I'm trying to better understand the Lightning Network. I was reading this article -- https://medium.com/coinmonks/lightning-network-how-does-it-work-ceeeda8ad21e . My question is, when two parties ...
0
votes
1answer
109 views

How to create bidirectional channels using LND?

I created a channel with following command. But its not bidirectional by default. lncli openchannel --node_key=02cdf83ef8e45908b1092125d25c68dcec7751ca8d39f557775cd842e5bc127469 --local_amt=390000 ...
2
votes
1answer
160 views

How can I open channels with Eclair?

I have set up a Bitcoin Core wallet with 0.3 bitcoins in it and an Eclair lightning node. The rpc userid and password is set plus all the other settings I am supposed to have, hopefully. No problems ...
1
vote
2answers
135 views

What is happening when a channel is pending?

What is happening when a channel is pending when opened? How long does it usually take? To open a channel with a node you're already connected to you don't need to get consensus from all the other ...
1
vote
1answer
112 views

How much Bitcoin is needed to start a Lightning node?

I've never used Lightning but can someone recommend how much Bitcoin I need to fund a Lightning node? I will be using the Eclair client. Thanks
0
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1answer
49 views

Lightning network: funds into channels

Is there a minimum limit of bitcoin that can be added into a channel during the initialization? And, if I decided to open a channel with a lightning node, also that node has to add money to the ...
3
votes
1answer
88 views

How does channel factory act?

I am reading paper named "Scalable Funding of Bitcoin Micropayment Channel Networks". If Alice, Bob, and Charlie created a channel factory, I thought that only these three people can make a payment ...
2
votes
1answer
547 views

When opening a LN channel using LND, what does 'push-amt' do?

I set up Lightning node (LND) and wanted to receive a payment. Autopilot for managing the channels always creates channels w/ zero remote balance, thus nobody can route a payment to/through my node. ...
2
votes
1answer
37 views

Any data immediately written to the blockchain when opening a lightning channel?

When opening a lightning channel, is there any data immediately written to the blockchain? I mean, the channel is not considered opened until the data is on the blockchain. The data may be the funding ...