⭐ Merited by Rath_ (2)
Hi, I'm new to the Lightning Network and I'd like to try it firstly with my favourite wallet, electrum, even if I haven't heard the best about its LN functionalities. I believe that this is the thread to discuss my problems/queries about it.
I've opened Electrum Testnet and I've enabled LN. I want to open a channel to transact some funds with my other wallet. Thus I have two electrum wallets opened. So I do create a transaction with an output of 0.003 tBTC to a multi-signature address. Correct me if I'm wrong but in order to spend from that address, two signatures are needed. One mine and one node's. That's why it is larger than the others. (?)
Okay so now I have broadcasted a transaction between me and the node. Anytime I can close it and return my money back. How can Charlie join this? Does he need to open his own channel? Or join mine? From my second wallet I generate a lightning address and I paste it on my first's "Pay to". Once I do, it probably decodes it to its HTLC form (256-bit in hex).
Once I click "Pay" it returns me this:
And that's reasonable. They probably have to connect somehow with "Bob" or in this case "STRANGESET". Excuse me if I wrote anything stupid. I'm new at this and I'm willful to fully understand it, just like I did with Bitcoin once I found out about it.
I've opened Electrum Testnet and I've enabled LN. I want to open a channel to transact some funds with my other wallet. Thus I have two electrum wallets opened. So I do create a transaction with an output of 0.003 tBTC to a multi-signature address. Correct me if I'm wrong but in order to spend from that address, two signatures are needed. One mine and one node's. That's why it is larger than the others. (?)
Okay so now I have broadcasted a transaction between me and the node. Anytime I can close it and return my money back. How can Charlie join this? Does he need to open his own channel? Or join mine? From my second wallet I generate a lightning address and I paste it on my first's "Pay to". Once I do, it probably decodes it to its HTLC form (256-bit in hex).
Once I click "Pay" it returns me this:
And that's reasonable. They probably have to connect somehow with "Bob" or in this case "STRANGESET". Excuse me if I wrote anything stupid. I'm new at this and I'm willful to fully understand it, just like I did with Bitcoin once I found out about it.