1 upvotes, 1 direct replies (showing 1)
thanks! what I have heard about opening a channel doesn't seem so automatic though - even if it could automatically select who to open it with, my understanding is you have to make a decision to prepay a certain amount to the channel. any comment on that?
Comment by Chiyo at 22/12/2017 at 01:46 UTC
3 upvotes, 1 direct replies
The way I understand it is that it will be like a second account or wallet. You will just transfer funds from your main wallet to your Lightning wallet with the click (or tap) of a button and it will open a channel, so in that sense, it's automatic because you don't have to know what's going on behind the scenes. The thing I'm unclear on is who do you open a channel with and is that automatic or do you have to choose. From my experience using a testnet wallet, you don't even see that part. You just add funds, copy the merchant's Lightning address, and send it. If the real implementation will be anything like that, it will be dead simple.