Are watchtowers the only way to protect lightning network channels?
Discussion
I think it depends on the protection kind you are searching for. For example, lnproxy is a privacy protection.
I'm researching what happened if the node bricks. Currently reading about static channel backups, and trying to understand the process before I get myself into a tricky situation.
I don't think I'm currently qualified to help you with that. If you find something interesting don't forget to share it 👍
Looks like CLN has some good database backup ideas, but it's not easy to understand.
When I can get real time back ups figured out I'd feel a lot more comfortable using lightning network and LSPs.
I just read static channel backups rely on your channel counterparty to not play any games and that's where watchtowers could step in, but a complete database backup seems like the only true option to have safety and redundancy.
I just read about database backups. Are there any guides on how this works?