Feed for category: lightning
Payee Pay Fee

Lightning Network is currently starting to build up, it has recently passed 2 Million dollars in capacity, but its still far from being perfect, there’s currently very little ways of assessing how much fees a payer will pay, although its currently mostly a negligible value, it may not be in the future.

A use case of the Payee paying the fees of the transaction is used in almost every exchange platform, because on the main blockchain you can assess the current average fees and even figure out how much, on average, it will take your payment to be accepted by the network if you sent it with a definite amount, this currently does not exist in Lightning.

If the payee pays the fees the payer can route the payment towards complicit nodes that charge way higher fees than average.

Andreas Antonopolous Splicing Is Probably on of the Most Powerful and Underappreciated Features

Annotated notes from Let’s Talk Bitcoin Episode 389. Taken from Professor Meow on Twitter.

#LNTrustChain: Lightning Is Sparking Up a Marathon
A lightning network payment has been sparking up a twitter marathon, The payment, slowly increasing in value, is currently at 3.68M satoshis (~140$) and has been making rounds all around the globe (and even space!). It has exchanged hands between more than 200 members of the lightning community, been to more than 35 countries and has even been sent to space by Trezor’s CTO Pavol Rusnak broadcasting an invoice through Blockstream’s satellite network.