0 sats \ 3 replies \ @Zepasta 23 Aug 2023 \ parent \ on: Finally got the new Phoenix upgrade, splicing really makes UX 10x better bitcoin
How is it possible? Aren't LN channels fixed and require on-chain tx to open/close? How can this wallet magicly change the channel capacity?
write
preview
0 sats \ 2 replies \ @BTC_Commons OP 23 Aug 2023
Splicing! which is basically on chain transactions. But I think what it does is allow for dinamic channels, instead of static channels capacity wise
reply
0 sats \ 1 reply \ @Zepasta 23 Aug 2023
If i open a channel with 1 BTC, i have to create a on-chain TX with 1 BTC. How does it allow me to dinamicly increase channel capacity if LN always requires the same amount of BTC to be on-chain?
reply
0 sats \ 0 replies \ @BTC_Commons OP 23 Aug 2023
https://voltage.cloud/blog/lightning-network-faq/what-is-splicing-lightning-network-how-it-works/?amp
reply