One more thing, Lightning, I have read a little about it.
Is there one lightning network that multiple coins use? As you mentioned Litecoin?
One more thing, Lightning, I have read a little about it.
Is there one lightning network that multiple coins use? As you mentioned Litecoin?
Nope*, just one lightning network, which uses Bitcoin UTXO's as the infrastructure between two peers
*there are services that swap in/out from LN to something like Liquid (Blockstreams federated blockchain product [mirrors Bitcoin, with super tiny changes]), but no second layer for other chains
Ah makes sense. I see, I see. That's neat.
I have a base understanding of lightning. The channels and then how you can route via them etc.
Commit to open channel, do stuff off chain, and commit balences at end.