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DaddyJones 2y ago

Testing Phoenix wallet not really experienced in the opening and closing of channels can someone dumb it down for me!!

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Discussion

plebiANON 2y ago

Does Phoenix only open outbound channels, or inbound too?

DaddyJones 2y ago

Opens a channel upon receiving a lightning transaction as far as I figured out cost 3k for channel just not sure what I’m doing opened a channel when I sent 15k to wallet received 12k into wallet tried another for 500 received all 500.. just not that experienced with the channel aspect

plebiANON 2y ago

You should have inbound and outbound liquidity channels. You should be able to view them in the wallet, and that will let you know how much you can transact.

DaddyJones 2y ago

Thx still learning but yeah I was able to see this kinda starting to make sense

Zach⚡️ 2y ago

You sign a two of two multi-signature transaction with a peer, where the balance between the two of you can be updated without having to move the locked up funds on chain.

BitBees 2y ago

I will be reading this with interest. I want to test another wallet, tho I am very happy with WoS.

DaddyJones 2y ago

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