Difference between revisions of "FAQ"
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= What is stored inside a [[wallet]]? = | = What is stored inside a [[wallet]]? = | ||
The wallet stores a private key to the [[multisig]] address of the [[Funding Transaction]] | The wallet stores a private key to the [[multisig]] address of the [[Funding Transaction]]. | ||
{{TODO|Please answer. What else is in the wallet? Does the wallet store anything about the payments going back and forth? Where are the payment [[invoices]] signed by both parties stored?}} | {{TODO|Please answer. What else is in the wallet? Does the wallet store anything about the payments going back and forth? Where are the payment [[invoices]] signed by both parties stored? Is it important to know to which Lightning node my wallet was connected to in the past?}} | ||
= What happens if I lose my ([[non-custodial]]) wallet? = | = What happens if I lose my ([[non-custodial]]) wallet? = | ||
{{TODO|Please answer. Is the 24-word wallet seed enough to restore the wallet?}} | {{TODO|Please answer. Is the 24-word wallet seed enough to restore the wallet?}} | ||
= Can I switch the [[third-party]] [[Lightning node]] configured in my Lightning [[wallet]] any time and as frequently as I want? Or is my wallet permanently bound to the Lightning node I selected when I created my Lightning wallet? = | |||
{{TODO|Please answer.}} | |||
= What is stored in the [[Lightning node]]? = | = What is stored in the [[Lightning node]]? = | ||
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Besides payment information the [[node]] also stored [[routing]] information. | Besides payment information the [[node]] also stored [[routing]] information. | ||
= What happens to me as a wallet owner if the [[third-party]] [[Lightning node]] | = What happens to me as a wallet owner if the [[third-party]] [[Lightning node]] I used disappears forever? = | ||
{{TODO|Please answer. Are funds lost? Is information about the past invoices lost? How do I know what the last wallet balance was? If I do not use a [[Watchtower]] can I be defrauded because the Lightning node went away?}} | {{TODO|Please answer. Are funds lost? Is information about the past invoices lost? How do I know what the last wallet balance was? If I do not use a [[Watchtower]] can I be defrauded because the Lightning node went away?}} | ||
Revision as of 11:57, 31 January 2019
FAQ Lists, FAQ Sites
What is Lightning?
A way of making quick peer to peer payments over the internet, backed by Bitcoin or another cryptocurrency.
Can I use it already? / How do I use it?
Yes, just choose a Wallet
Why would I run a node?
Because it is cool, and you get some fees for routing.
Can I run a node without putting funds into the node?
Is running a node dangerous?
Yes. Your funds are on a hot wallet, connected to the internet. Think about security.
What is the exact content of the Funding Transaction?
Template:TODO It contains or references the address(es) where the funding is coming from. The "who from" so to speak. It contains or references the amount of the funds. The "how much" so to speak. It is also timestamped on the Bitcoin blockchain. This is the "when" so to speak.
What is the exact content of the Closing Transaction?
Template:TODO It contains or references the address(es) where the settled funds are sent to. The "to whom" so to speak. It contains or references the amount of the funds. The "how much" so to speak. It is also timestamped on the Bitcoin blockchain. This is the "when" so to speak.
What is stored inside a wallet?
The wallet stores a private key to the multisig address of the Funding Transaction. Template:TODO
What happens if I lose my (non-custodial) wallet?
Can I switch the third-party Lightning node configured in my Lightning wallet any time and as frequently as I want? Or is my wallet permanently bound to the Lightning node I selected when I created my Lightning wallet?
What is stored in the Lightning node?
Template:TODO Besides payment information the node also stored routing information.
What happens to me as a wallet owner if the third-party Lightning node I used disappears forever?
What information does a Lightning node operator need to restore his/her node if, say, the hard disk gets corrupted?
Why is my balance changing without me sending or receiving transactions?
There are several possibilities, it could be you are accumulating fees for routing transactions. You can check this with 'lncli feereport'
Another likely possibility is commit fee renegotiation. PR's in lnd relevant to this issue:
- "contractcourt: settle invoice when claiming HTLC on-chain"
- "htlcswitch: reliable HTLC tracking"
- "Extend ListPayments response by original invoice memo "
- "lnrpc+rpc: add initiator field to listchannels"