Ok thank you. Ignorant question: How can you recover your sats if Phoenix App disappears?

Reply to this note

Please Login to reply.

Discussion

Excuse me, I’m not good with these πŸ˜• I know nothing about channels, but there they are talking about what happens if lightning network disappears, I was asking about what happens if Phoenix disappears.

It was an answer to both. Static channel backups will still allow you to restore your funds on-chain.

Ok I will try to learn more about it. I was looking for another kind of solution. By example, I think if one App generate a seed phrase, and that App disappears, that seed phrase can be used on another app to recover those sats. (Excuse me if my english is not correct)

You have a seed phrase, but it’s not the same as an on-chain wallet since your sats are in channels. You can’t just recover on-chain without closing your channels.

You should take some time to read their FAQ and if you want to jump into the nostr:npub1hxfkcs9gvtm49702rmwn2aeuvhkd2w6f0svm4sl84g8glhzx5u9srk5p6t TG we have some people who can probably give you some more detailed answers.