Bitcoin lightning hub
If you don't have any testcoins you can get a few from a faucet such as TPs' testnet faucet or Kiwi's testnet faucet. Once lightningd has funds, we can connect to a node and open a channel. This opens a connection and, on top of that connection, then opens a channel. The funding transaction needs 6 confirmations in order for the channel to be usable. Payments in Lightning are invoice based. This returns a random value called rhash that is part of the invoice.
The sender needs to compute a route to the recipient, and use that route to actually send the payment. The route contains the path that the payment will take through the Lightning Network and the respective funds that each node will forward. Notice that in the first step we stored the route in a variable and reused it in the second step.
This low-level interface is still experimental and will eventually be complemented with a higher level interface that is easier to use. Image to build Lightning on a CI server. A specification compliant Lightning Network implementation in C c-lightning is a standard compliant implementation of the Lightning Network protocol. Project Status This implementation is still very much work in progress, and, although it can be used for testing, it should not be used for real funds.
Getting Started c-lightning currently only works on Linux and possibly Mac OS with some tweaking , and requires a locally running bitcoind version 0. Installation Please refer to the installation documentation for detailed instructions.
A Lightning hub is very different than a bank. They route transactions and collect fees. Anyone can participate in the network and run a hub. A Lightning hub has no ability to seize assets. In this video also linked below , there are two arguments:. A hub is not a centralized node that has full power over all of their open channels.
A Lightning hub does not even hold anyone's bitcoin, they simply supply capital to allow transfers. There is no fractional reserve banking, no lending, and no ability to seize assets. A hub runs a node with enough capital, and collects small fees for people using it. This is a baseless claim.