I don't even know what inbound liquidity means.
If it means Sats in the wallet, no, how can that be when it's a new Zeus wallet?
I don't even know what inbound liquidity means.
If it means Sats in the wallet, no, how can that be when it's a new Zeus wallet?
Basically with lightning you need money to receive money. Not easy to understand.
So, it isn't really sending transactions. It's just swapping loans.
Not loans, but managing balances for later settlement. I saw an explainer using beads once.
Managing balances sounds like loans to me.
Kinda. Here's how I understand it. We each put $5 in a jar. I then buy something from you for say $3, but we say we'll just figure it out later. You buy something from me for $2, same. We decide to settle up and you take $6 from jar and I take $4. Take this and multiply by all the transactions and hook a bunch of jars together.
Contract is a better word. If you have 1m sats, you create a channel with that amount, which is basocally a contract between you and your peer that says "I have 1m and you have 0."
A LN transaction is a balance-update to the shared contract, using cryptography to ensure both sides agree atomically on what the lateat balances are