@ -72,7 +72,6 @@ As we saw in <<intro_to_ln>>, the intro paragraph is superb!
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## Line endings
All submission should use Unix-like line endings: LF (not CR, not CR/LF). All the postprocessing is done on Unix-like systems. Incorrect line endings, or changes to line endings cause confusion for the diff tools and make the whole file look like it has changed.
@ -160,10 +159,8 @@ However with the LN, she knows that her regular clients, such as Joerg can pay f
Additionally, by using the LN, Silke has all funds deposited instantly to her wallet and with usually smaller fees on her side as well.
Ultimately this allows her to provide a better service or to offer better pricing for her products.
=== Getting Started
==== Choosing a Lightning Network Wallet
* full nodes (c-lightning, eclair, lnd) + remote controls
@ -183,7 +180,7 @@ Ultimately this allows her to provide a better service or to offer better pricin
* Trade fiat for Bitcoin (as in Mastering Bitcoin)
[[using_own_bitcoin]]
==== Process for people who already own Bitcoin ====
==== Process for people who already own Bitcoin ====
* send bitcoin to lightning wallet (1 onchain transaction - soon nodes / wallets may support funding a channel directly without sending bitcoins to the lightning network wallet first)
* find a node to open a channel with (Node explorer / Autopilots / ...)
@ -191,12 +188,11 @@ Ultimately this allows her to provide a better service or to offer better pricin
* open a channel
* wait confirmations for the channel to become operational
[[sending_receiving]]
==== Sending and Receiving Bitcoin on the Lightning Network
* have the person who helps onbording open a payment channel (As complex as a bitcoin transaction)
* showcase how the funds now can be send back and forth
** create invoice
** decode invoice (do always before paying!)
** pay an invoice
** pay an invoice
* showcase how an arbitrary invoice can be paid e.g. https://voting.ln.rene-pickhardt.de
The Basis of Lightning Technology (BOLT) documents describe a layer-2 protocol for off-chain bitcoin transfer by mutual cooperation, relying on on-chain transactions for enforcement if necessary.
Or you can support his work directly with bitcoin (also via the Lightning Network) at link:$$https://tallyco.in/s/lnbook$$[] for which Rene is equally thankful as for his patreons.
[[acknowledgments_sec]]
=== Acknowledgments by Andreas
@ -178,7 +174,6 @@ I am also grateful to the Bitcoin and Lightning Network community who welcomed m
In particular I am grateful to all the open source Bitcoin and Lightning Network protocol developers and people who fund them to make that technology possible.
Last but not least I am thankful to my loved ones.