0 sats \ 4 replies \ @thrown 7 May 2023 \ parent \ on: Is the actual transaction spam an attack ? bitcoin
How do you figure that? Opening and closing channels will be just as expensive if not more than on-chain transactions right? And the majority of transactions are one-off payments (for me at least)
No, the cost of opening a channel is about the same as an average payment. An open channel can handle millions of transactions before it is closed. Or never be closed if the node is maintained. And you can open 10 channels for the same price with taproot. More often than not you want to open at least two channels anyway.
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What is the best way for someone that isn’t a system administrator to manage channels like you’re talking about?
Do any mobile wallets allow it? Phoenix doesn’t i know
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phoenix, blixt, breez, open channels for you ,and you can "manage" them if you know what you are doing.
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Phoenix had no channel management when i tried last month. It opened and closed automatically for you. Which is scary bad when the opening and closing costs so much
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