Is the Lightning Network used strictly for small transactions between two parties or can one party use it to send a large quantity of BTC (e.g. 35 BTC) to the other party? Is there any advantage to sending large amounts using the Lightning Network vs. using the normal bitcoin Blockchain?
While the Lightning Network does allow for faster and cheaper transactions than the main Bitcoin blockchain, there are still some limitations to the amount of BTC that can be transferred at once. The maximum channel capacity of the network is currently around 0.16 BTC, which means that a single payment channel can only hold up to that amount. However, users can open multiple channels with different partners to increase their overall capacity.
It's also worth noting that the Lightning Network is still a relatively new technology and the amount of BTC that can be transferred may change in the future as the network continues to evolve and improve.
So, to answer your question, it is possible to transfer large amounts of BTC using the Lightning Network, but it would involve opening multiple payment channels and routing the transaction through several different nodes on the network.