March 2, 2023
How to use the Lightning Network without trusting anyone? Take Back Control of Your Sats in the Lightning Network.
The guide written by Tony⚡️.
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Intro
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I would like to share a guide on Phoenix — the non-custodial Lightning wallet. This guide will be useful for those who already are familiar with the Lightning Network and have some experience using it. Let’s say you’ve already been using a custodial wallet like Wallet Of Satoshi and you want to gain more control over your funds, hold your sats in Lightning Network, and minimize the level of trust to a third party. I say ‘minimize’ rather than ‘avoid’ for a reason, but I’ll clarify this later in the guide.
...September 12, 2022
Why should you care about Lightning Network, how does it work and how to use it? We’ll answer these and many other questions in this guide.
The article written by Tony⚡️.
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Lightning Network is a decentralized system for instant micro payments. Bitcoin, the world’s most widely used and valued cryptocurrency, allows anyone to transfer value without the need for a trusted third party. Bitcoin supports an advanced scripting system that allows users to program instructions for managing their funds. However, Bitcoin’s design has a number of drawbacks. It can take an hour, and often more, from the time a transaction is made on the Bitcoin blockchain to the moment that transaction gets finalized.
...September 13, 2019
Contents
This essay by Dhruv Bansal was published in Unchained blog.
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The desire to travel far away and start a new currency will become a powerful driver of human expansion into space.
Earth will run on bitcoin, but colonies on Mars, the outer planets, and distant stars will not. Though faraway colonies will value and trade bitcoin, they will choose to launch, defend and use their own local blockchains. This pattern of replication is an inevitable consequence of hyperbitcoinization and the physical limitations inherent to any blockchain that respects the finite speed of light.
...January 16, 2024
With repeated bumps of the popularity of monkey JPEGs on the Bitcoin blockchain and in anticipation of the upcoming bull market, onchain fees are a thing to consider in the upcoming future.
Fees in the network can reach hundreds of sats per virtual byte, and this is far from the limit. Source.
Lightning Network provides a solution to the painful problem of high fees, but you need to act thoughtfully, without rushing. That’s why today I suggest to analyze the best available Lightning wallets and evaluate the pros and cons of each wallet, so that you can choose the best solution and finally forget about high fees (or at least minimize the stress).
...January 2, 2023
LNbits is the Swiss knife among lightning apps – invoices, tips, paywalls, onchain wallet monitoring, event ticketing and more.
The guide written by Tony⚡️.
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LNbits
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Today, we’re going to take a look at a wallet app accessible right from the browser that boasts so many features that it’s the envy of any software. This is LNbits.
It is worth starting with the fact that this service is still in the phase of active development, and some functionality is yet to be implemented. The most expected innovation is the possibility to enter the service via login and password. So far, LNbits is a web page that requires only a clearnet address to log in. Some may find this approach unacceptable, but in this guide we’ll look at approaches that completely negate any danger. Nevertheless, it’s worth remembering that this is not a tool for long-term savings, but rather a layer designed to facilitate interaction with other users and make everyone’s experience pleasant and seamless.
...September 3, 2022
More experienced users know, that nowadays you can send satoshis directly to Lightning Address in user@domain format. But how exactly does this work?
In this short article I would like to explain it to those who do not know it. At the same time, I will describe the basics of Lightning invoices and LNURL-pay protocol.
This article by @heisenberg was published on stacker.news website.
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Lightning invoices basics
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Lightning Invoices are nowadays the standard for sending and receiving funds on the Lightning Network. If you want to receive some satoshis, you have to generate an invoice on your node/wallet. An invoice is nothing more than a text string (which starts with lnbc…) and contains, among other things, the recipient ID and the amount. There is actually more information but we won’t go into that now. The invoice is most often shared using a QR code, which is nothing more than an image representation of the string described earlier.
...December 9, 2020
Contents
This essay by Dhruv Bansal was published in Unchained blog.
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This is Part II in a series of speculations about the hyperbitcoinized future. In Part I, we defined the First Law of Bitcoin Astronomy and described how it incentivizes searching for energy to power our growing civilization.
In this part, we continue to follow the energy and speculate about how money and society coevolve as humanity expands through space. We begin with a brief review of Part I.
...March 8, 2021
Contents
This essay by Dhruv Bansal was published in Unchained blog.
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This is Part III in a series of speculations about the hyperbitcoinized future. In Part I, we defined the First Law of Bitcoin Astronomy and described how it leads to new blockchains as humanity expands through the solar system. In Part II, we described a Second Law which leads to nested blockchains the size of solar systems and beyond, hashing vast energies on cosmic timescales.
...March 2, 2023
Recently, I listened to an episode of SLP551 featuring a discussion between @stephanlivera and @benthecarman about Mutiny Wallet. Ben illustrated the straightforward process of getting started with Mutiny — merely sending a link connects you directly to the Lightning Network. I’ve been curious about Mutiny for a while now, so it’s about time I checked it out for myself. Let’s dive in and see what it’s all about.
This article by @runningbitcoin was published on stacker.news website.
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