bcoin-org / bcoin

Javascript bitcoin library for node.js and browsers
https://bcoin.io
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Setting up a Lightning Node #1147

Open ShivankK26 opened 1 year ago

ShivankK26 commented 1 year ago

Feature description

The feature which I want to add is not related to a problem but is an additional thing which I feel can be added to Lightning Browser Extension. It is about how to set up a Lightning Node and earn from it. Describe the solution

A Node tracks the recent blockchain data by connecting it to the blockchain network. It records every transaction on the blockchain network, thereby making it transparent and decentralized. A Lightning Node is a part of software that links to the blockchain network and the Lightning Network, itself. It’s different from the nodes on the Bitcoin network in many ways. The Lightning Network helps in the creation of smart contracts in which the terms and conditions are already written and once they are written they can't be modified. Describe alternatives

How to set up a Lightning Node? In order to run a Bitcoin Lightning node one requires a Lightning-compatible wallet, certain amount of Bitcoins to fund the Lightning channel, and cash to purchase the necessary hardware. Lightning nodes are non-mining nodes although they aren't mining nodes but they are important for successful operation of blockchain.

Lightning nodes are the most effective way to handle transactions. You must establish your own node's charge at a price that is both affordable to the network and high enough to make it one of the most profitable methods to generate passive revenue with crypto.