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RE: How to send and receive Bitcoin payments via the Lightning Network on Android

in #bitcoin6 years ago

Very complex for me. Lightning network is supposed to be very inexpensive and quick. According to what I just read it is very difficult to process. I do not understand how a basic person like me can make a payment through an android device following these instructions. It is just very complex.

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Thank you for your comment @caranax! After you open the Lightning Network channel then Lightning Network payments are instant and very very inexpensive. To open the LN channel you have to send required amount of Bitcoin to your LN node. This cost and take time like a normal Bitcoin transaction. When you decide to close the LN channel, the Bitcoin balance on your LN node will be transferred back to your wallet. I think if you will follow the steps you should be able to make a LN payment but of course the Bitcoin and Lightning Network are very complex technologies. Good luck!