so funds don't actually move on the lightning network.
who here is running a lightning node?
so funds don't actually move on the lightning network.
who here is running a lightning node?
Ya so the way I understand it is it’s like an abacus 🧮 You’re just sliding beads back and forth and every so often they get settled on-chain.
If I’m wrong, someone please correct me 😬
Well when you push beads off the end of your abacus then they show up on the next guy’s. And then he pushes a few onto his neighbors’. etc
it's more like we send transaction records back and forth.
like a tally sheet for each node and Satoshi wallet.
then when a lighting node closes, where the Bitcoin is actually locked up, the tally sheet gets balanced out, and is released from the node, into you BTC wallet.