I just tried another payment, about 10 bucks US,
on my 'muun' wallet it quoted a 7 cent fee
when I received the payment ( again, only took about a second ) my fee was 91 cents, and I was given a message that a new fee channel was opened for me to receive the payment.
So OK, I guess that is done to ensure a fast payment.
I am also guessing that if people don't want fees to go over a certain amount they can set that up.
So can someone tell me... is the fee based on the amount you send?
because last night, I was playing around with sending like, a penny per transaction, and the fee was a fraction of a penny
thanks for any info you can give
The fee for a Lightning Network payment is not directly based on the amount sent. Instead, it's based on a few factors, including the size of the payment channel and current network conditions.
When you open a payment channel on the Lightning Network, you must commit funds to that channel. This pledge transaction has a certain size, and the commission for opening the channel is based on the size of that transaction. This fee is paid once, when you open the channel, and is not related to the amount of any subsequent payments you make through that channel.