lightning-network Archives | Crack the Orange

Phoenix Wallet – When To Use Lightning or On-Chain Bitcoin

Learn when to use the Lightning Network and when to choose bitcoin on-chain inside the Phoenix wallet.

I explain what the Lightning Network is.

I explain what the Lightning Network is.

I explain how the Lightning Network speeds up Bitcoin transactions and reduces fees.

I guide you through the process of sending bitcoin with your Phoenix wallet via the Lightning Network.

Learn how to upgrade your Phoenix Wallet to the new auto channel management.

Get a clear, easy-to-understand overview of Bitcoin, Lightning, Liquid, and E-Cash.

I explain how to open a channel and manage liquidity in the Phoenix wallet.

I show how to move funds between Bitcoin, the Lightning network, and the Liquid sidechain.

I explain how the iCloud backup works and discuss the differences to the seed phrase backup in Phoenix wallet.