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hello all,
i was wondering how the revenue model of ethereum works.
Does the company make a profit from transaction that happen or from technology that the company sells or something else entirely?
kind regards
i was wondering how the revenue model of ethereum works.
Does the company make a profit from transaction that happen or from technology that the company sells or something else entirely?
kind regards
Partly correct, except the node isn't something that's created, you run a lightning node just like running a cryptocurrency node.
Some SPV wallets have their own implementation of a "light" lightning client.
To create a channel, the bitcoins will be locked through a special "funding transaction", that involves another node.
After a lightning transaction, the user may choose not to close the channel; the user can use it for more LN payments up to the channel's capacity (funds).
The channel should only be closed when the user want to claim his part into on-chain funds.
There's more to that and the info should be available in various sources like for example: The Lightning Network FAQ
And specially from this site: http://lightning.network/how-it-works/ | http://lightning.network/docs/
Lastly, it's getting off-topic, here are some documentations you will need: https://developer.bitcoin.org/
Some SPV wallets have their own implementation of a "light" lightning client.
To create a channel, the bitcoins will be locked through a special "funding transaction", that involves another node.
After a lightning transaction, the user may choose not to close the channel; the user can use it for more LN payments up to the channel's capacity (funds).
The channel should only be closed when the user want to claim his part into on-chain funds.
There's more to that and the info should be available in various sources like for example: The Lightning Network FAQ
And specially from this site: http://lightning.network/how-it-works/ | http://lightning.network/docs/
Lastly, it's getting off-topic, here are some documentations you will need: https://developer.bitcoin.org/
okay thank you for the information, really helped me out =)
I did a little research on bitcoin's lighting network
If I understand correctly it works like this:
From a btc wallet the btc is converted to a lighting wallet. then a node is created and so a payment channel is created. after the transaction is done this channel is closed and sent back to the blockchain.
If we step away from the bitcoin network for a moment.
Is it possible to create a Coin and then create a lighting network and implement this in an app?
Translated with www.DeepL.com/Translator (free version)
If I understand correctly it works like this:
From a btc wallet the btc is converted to a lighting wallet. then a node is created and so a payment channel is created. after the transaction is done this channel is closed and sent back to the blockchain.
If we step away from the bitcoin network for a moment.
Is it possible to create a Coin and then create a lighting network and implement this in an app?
Translated with www.DeepL.com/Translator (free version)
thank you all for your answers 
i would like to create an app that allows users to quickly and cheaply go through transaction such as for payment in the supermarket etc.
Now I understand more how transactions work on the bitcoin network and how it works at ripple.
Now I wonder which network is best to do this with.
I assume that on the btc and eth network will not work.
Is the bep20 network of binance a good idea or will the transaction costs here also be too large for the concept I would like to implement?
thanks again to everyone who is trying to help me find my way around this.
i would like to create an app that allows users to quickly and cheaply go through transaction such as for payment in the supermarket etc.
Now I understand more how transactions work on the bitcoin network and how it works at ripple.
Now I wonder which network is best to do this with.
I assume that on the btc and eth network will not work.
Is the bep20 network of binance a good idea or will the transaction costs here also be too large for the concept I would like to implement?
thanks again to everyone who is trying to help me find my way around this.
Thanks for the posts everyone, learn a lot from this.
So if I understand correctly it works like this.
the higher the transaction cost the faster the transaction will take place on the bitcoin network.
But how does it work with Ripple, because if I am not mistaken there are low transaction fees and the transactions take approx 15 minutes
sorry if i ask stupid questions
So if I understand correctly it works like this.
the higher the transaction cost the faster the transaction will take place on the bitcoin network.
But how does it work with Ripple, because if I am not mistaken there are low transaction fees and the transactions take approx 15 minutes
sorry if i ask stupid questions
Hello all,
I am new to this platform,
I have been involved in crypto for several years. But now I would like to get
But now I would like to delve into developing crypto.
I was wondering now how it works with the transaction costs.
Who or what determines the transaction costs of a coin.
Can the developer set this himself?
Kind regards
I am new to this platform,
I have been involved in crypto for several years. But now I would like to get
But now I would like to delve into developing crypto.
I was wondering now how it works with the transaction costs.
Who or what determines the transaction costs of a coin.
Can the developer set this himself?
Kind regards