Bitcoin Stack Exchange
Bitcoin Stack Exchange

Questions tagged [ln-opening-channels]

50 questions
9
votes
2 answers

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 contra-indicator of a node's ability to route. Good…
Murch
  • 71,155
  • 33
  • 180
  • 600
7
votes
1 answer

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. The command for manual channel opening is lncli…
jakob
  • 303
  • 1
  • 8
5
votes
1 answer

Is it possible to splice a new participant into a LN channel factory?

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 channel within themselves. However, the paper says…
xiaofo
  • 117
  • 4
5
votes
2 answers

Opening Lightning network channel: who is paying?

When opening a lightning network channel between two parties, which of the following is true: 1) They must both pay a fee to open the channel 2) They might both pay a fee to open the channel 3) Just one party pays a fee. The fee here refers to the…
Rexcirus
  • 361
  • 2
  • 9
4
votes
3 answers

how are lightning network payments instant and secure at the same time?

I have a question regarding lightning network. It's a bit of a long question so please bear with me. If have 1 bitcoin in my wallet and buy an item costing that amount from a shop. I leave the shop before they have a confirmation (before it's put…
Stephen
  • 65
  • 2
4
votes
3 answers

Lightning, multiple channels to the same node

With LND, you can open multiple channels to the same node. Is there any advantages to having multiple channels (to the same node) versus having one channel? Eg. one channel with a capacity of 1 000 000 sats or two channels with 500 000 sats each?
DriftP
  • 45
  • 4
4
votes
1 answer

Does segregated witness allow to securely create LN channel opening transactions?

In Rusty Russell's paper about the simplified version of the Lightning Network, some problems about the practical implementation of the opening channel method from the original LN paper are mentioned: The anchor transation id required for the…
cpsola
  • 1,588
  • 10
  • 25
4
votes
1 answer

Can a miner open a Lightning channel with a coinbase output?

Assuming that the funding transaction uses a P2WSH output, can we open a channel by providing that standard 2-of-2 multisig as the coinbase output?
oz21m
  • 107
  • 4
4
votes
1 answer

How do I set up a long-lived lightning channel for accepting bitcoin donations?

I want to set up a long-lived lightning channel to accept bitcoin donations. The plan was to open a channel with a capacity of 2.5 mBTC (currently valued around ~100$), "reverse submarine swap" or "loop-out" the initial funds, then loop out the…
Tenders McChiken
  • 213
  • 1
  • 5
4
votes
0 answers

Sign lightning channel creation PSBT with Golang

I'm trying to open a channel on regtest with LND v0.13.0-beta.rc3 using their PSBT workflow to allow for remote signing. I've done the following steps: I create a regtest wallet using the BIP39 mnemonic bronze execute spirit sense rack this repeat…
SamCymbaluk
  • 41
  • 2
3
votes
2 answers

LND funding transaction stuck in mempool due to low fees

I have a funding transaction stuck in mempool due to low fees. Searchng around I have find that there is "BumpFee" wallet option to push your transaction. i have tried in this way: ~$ lncli wallet bumpfee [Channel_point] --sat_per_byte 150 >[lncli]…
Butta
  • 41
  • 6
3
votes
1 answer

LN Payment Channels: Can you have more than two nodes in a channel?

I can't seem to find an answer to this but apologies if this exists somewhere already. From the last paragraph of section 2.0 in the lightning network paper version 0.5.9.2, "Micropayment channels create a relationship between two parties". However…
AustinFoss
  • 131
  • 2
3
votes
1 answer

How do I prevent lnd from participating in new channels?

I have a lnd node that I would like to to cycle down completely. I would like to close all its channels and prevent that the node participates in any new channels while I'm waiting for the force-closed channels to mature. What settings do I need to…
Murch
  • 71,155
  • 33
  • 180
  • 600
3
votes
2 answers

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-payment = 0.2 BTC). And user_2 wants to pay 1 BTC to…
Questioner
  • 1,151
  • 8
  • 22
3
votes
1 answer

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 create a channel and one or both commit funds to…
Dave
  • 405
  • 6
  • 15
1
2 3 4