- see also Issue #174
- see also Issue #175
- is is also "Bitcoin Node", not "Bitcoin Network Node"
- simpler is better, shorter is better
- 7 occurrences were replaced
@ -39,7 +39,7 @@ Finally, those seeking simplicity and convenience, even at the expense of contro
There are many ways wallets can be characterized or categorized.
The most important questions to ask about a specific wallet are:
- Does this Lightning wallet have a full LN Node or does it use a third-party LN Node?
- Does this Lightning wallet have a full Lightning Node or does it use a third-party Lightning Node?
- Does this Lightning wallet have a full Bitcoin Node or does it use a third-party Bitcoin Node? footnote:[If a Lightning wallet uses a third-party Lightning node, it is this third-party Lightning node who decides how to communicate with Bitcoin. Hence, using a third-party Lightning node implies that you as a wallet user also use a third-party Bitcoin node. Only in the other case, when the Lightning wallet uses its own Lightning node, does the choice "full Bitcoin-node" vs. "thrid-party Bitcoin node" exist. ]
- Does this Lightning wallet store its own keys under user control (self-custody) or are the keys held be a third-party custodian?
@ -52,19 +52,19 @@ But remember that this is just one way of categorizing Lightning wallets.
| *Self-Custody* | Q1: High technical skill, least trust in 3rd parties, most permissionless | Q2: Below medium technical skills, below medium trust in 3rd parties, requires some permissions
| *Custodial* | Q3: Above medium technical skills, above medium trust in 3rd parties, requires some permissions | Q4: Low technical skills, high trust in 3rd parties, least permissionless
|===
Q3, quadrant 3, where a full LN node is used but the keys are held by a custodian is currently not common.
Q3, quadrant 3, where a full Lightning node is used but the keys are held by a custodian is currently not common.
Future wallets from that quadrant would let a user worry about the operational aspects of their node, but then delegate the access to the keys to a third party which may use primarily cold storage.
Lightning wallets can be installed on a variety of devices, including laptops, servers, and mobile devices. To run a full Lightning node (one that participates in "gossip" and creates its own map of the network for path finding and routing) you will need to use a server or desktop computer, as mobile devices and laptops are usually not powerful enough in terms of capacity, processing, battery life, and connectivity.
The category "Third-party Lightning Nodes" can again be subdivided into:
- Lightweight: means that the Lightning Node is operated by a third party and that the wallet obtains the required information through an API that connects wallet and third-party LN node.
- Lightweight: means that the Lightning Node is operated by a third party and that the wallet obtains the required information through an API that connects wallet and third-party Lightning node.
- None: means that not only is the Lightning Node operated by a third party but most of the wallet is operated by a third party in the cloud such that the wallet does not even need to make calls on a Lightning node API.
These subcategories are used in Table <<lnwallet-examples>>.
@ -83,7 +83,7 @@ In <<lnwallet-examples>> we see some examples of currently popular Lightning nod
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