Thread by @bolbetacrypto, So I got 50,000 sats by @Bitsahara and i went away and [...]

Crypto ₿ol₿eta

bolbetacrypto

So I got 50,000 sats by @Bitsahara and i went away and setup a new node using @ln_zap . Who wants to really learn how to setup a node the easy way and open channels to help the LN really grow?

Okay so usually setting up a lightning node requires you download the whole BTC blockchain and run citcoin core wallet along with LND and some cmd stuff that might confuse a regular user. But all that can be skipped by using @ln_zap

Just download it from https://zap.jackmallers.com/ ">https://zap.jackmallers.com/">... to get started.

After the installation, you would want to create a new wallet.
- Select the new wallet option.
- Note down the seed phrase
- Set the password
- Select the option for backing up your channels (choose wisely)
- Zap will then sync with the latest blocks from the blockchain

- While it is being synced, you can transfer the funds you want to allocate to your node to the given address using on chain transaction.
- I transferred 50000 sats

- Now, You cant do transactions on LN if you don& #39;t have channels open. Zap shows you both your outbound and inbound channel capacity. ( I suggest use the autopilot feature for newbs)
- Autopilot feature will automatically open channels and close them as per what is suitable

I didn& #39;t use the autopilot feature, I got one channel open with @sparkswap which let& #39;s me trade my lightning funds directly from my desktop and I opened another channel with Zap so I can send lightning transactions to myself. We can open channels between each other too.

Voila! your new wallet is ready.

P.S your funds, get locked when you open a channel, that& #39;s the channel capacity.

You can follow @bolbetacrypto.

Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: