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September 15, 2025, 06:24:45 AM |
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There’s a lot of misunderstanding about the Bitcoin Lightning. I’ve read a lot, and even on this forum, there’s plenty of incorrect information.Some people claim that the Lightning is not decentralized. Many are confused and think it’s just another layer 2 solution like those on shitcoins such as Ethereum or similar. They don’t understand that Lightning isn’t a typical layer 2 like on shitcoins , it’s more of an add-on to Bitcoin that allows transactions to happen off-chain while settlements are still done on-chain.
To use the Lightning, you need to run your own Bitcoin full node.When you open a Lightning payment channel, a 2-of-2 multisig contract is created with the counterparty.Both parties can close the channel whenever they want.The settlement will happen on-chain You need a mini computer that runs 24/7, like a Raspberry Pi 5. There are operating systems such as Start9, Umbrel, and My Node that make it easy to run and manage a Bitcoin full node and Lightning, and they install directly on this hardware. They provide everything you need for simple management, opening Lightning channels, and balancing them efficiently.It’s quite simple and beginner-friendly because it has an intuitive interface .
Disagreements between nodes can’t happen because there are so-called watchtowers. If your node goes offline due to a power outage or malfunction and it takes you a few days to restore it, the watchtowers monitor the state and ensure that the settlement is fair and that no one can cheat anyone.
Of course, you can use custodial wallets like Wallet of Satoshis and others, or semi-custodial solutions like Phoenix Wallet, but keep in mind that these options carry certain risks because you don’t have full control over your channels and funds, unlike running your own full node.
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