Why Nostr? What is Njump?
2023-01-06 23:30:58
in reply to

JonnyJi50127056 on Nostr: Ok, first you have to understand that Lightning is Bitcoin, it is a single currency, ...

Ok, first you have to understand that Lightning is Bitcoin, it is a single currency, the way to transfer value from person to person is what changes. Bitcoin transactions in the main chain (on-chain) can take a few minutes to be confirmed and have a commission cost depending on how saturated the network is at the time of making the transfer. Sending Bitcoin on-chain does not have a limit to be sent, beyond the amount of coins that the sender of the transfer has, but the moment that transfer is confirmed and added to a block it becomes irreversible, so it is better to use the main network to send large amounts to be safe than when the recipient receives them as their complete property. Making payments through Lightning is much faster, almost instantaneous and with a low or almost zero commission, the amount that can be sent in a payment depends on the capacity of the channels and the liquidity of the nodes at the time of paying an invoice , and when the receiver receives the payment, this payment is also irreversible. In general, how to use it depends on the needs of each individual, it is recommended to use the main Bitcoin network to make transfers of large amounts, and if you need to make payments of small amounts, fast and with low commissions for sending, it is better to use the network lightning.
Author Public Key
npub12a3pmseqen4p3q9suqn7mhkt2v9szrqk2u0pw0neqhpcgpyk07xqqpf4m8