Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: The Lightning Network node experience
by
n0nce
on 06/01/2022, 13:59:55 UTC
⭐ Merited by JayJuanGee (1)
First of all, it seems franky1 is banned from the this subforum, so his post and replies to his posts might get deleted. Seems like they have a point when they say he consistently posts misinformation.

You seem to be stuck in 2017/2018. Transaction fees have been extremely low for quite some time now. Even 1 sat/vbyte is enough to get a transaction confirmed quickly. The smallest possible opening transaction with change weights ~152 vbytes (transaction; channel). The cost of that transaction was only $0.07.
The cool thing is that not only does a transaction often just cost a few cents (single digits) when sent at 1 sat/vbyte; you can even open multiple channels in a single transaction. So you kinda pay once for two channels (however a bit more due to a larger transaction size).