Tip of the day!

Lightning Network (LN) Resources for newbies

I see many new users coming here but have no idea about LN and how it works and why LN exist.

IMPORTANT aspects:

Bitcoin layer 1 (onchain) could not grow and go forward without LN! Forget about saying that you will always transact only onchain.
Bitcoin L1 (onchain) will just gonna die without LN.
Soon the L1 will be used ONLY to open and close LN channels, store large amount of BTC in cold wallets, NOT to transact each others, to buy groceries.
Onchain is your "central bank", your store of value system.
LN is the PAYMENT NETWORK for L1 (onchain), the spending pockets, your "commercial bank".

As I explained in this guide, use the 3 level of stashing: HODL, Cache, Spend.

Guys, before start saying nonsense and stupidities about LN, please read and learn more about LN. There is a plethora of documentation out there, free, open, guides etc. Are there to be read, not to be ignored.

Please bookmark them, it will save you a lot of time if you read them.

Here I prepared for you, a basic list:

A. General information and documentation about the Lightning Network

An Overview of Lightning Network Implementations
Lightning Network Resources, complete library about LN - by Jamesson Lopp
LND Documentation - by Lightning Engineering
CLN Documentation - by CLN team
Lightning Node Management – by openoms, excellent guide!
Lightning Node Management en Español – by openoms
Beginners LN Guide – by Bitcoin Q&A
Lightning Network Dev Curriculum – by Chaincode Labs, very good resources

B. Guides and Video tutorials about the Lightning Network and Bitcoin nodes

What is a Bitcoin node
The Lightning Network: The most efficient payment system in the world
How LN channels work – by Decentralized Thought
LN explained – by René Pickhardt
LN Channels Management – by Alex Bosworth
Everything you need to know about LN – Till Musshoff
DarthCoin guides about Bitcoin and LN nodes

And many more links here

GENESIS