Monday, 2 August 2021

Just had my first contact with the Lightning Network and I’m pretty impressed

I’ve seen a lot of talk on here about the Muun and Strike apps and their use of the lightning network, so I downloaded both apps to test them out.

Deposited $100 into Strike very easily. Then went to Muun, setup account, no problems there (btw, both apps wanted very minimal personal information). Set up a $99.50 lightning transaction on Muun, copied the address, pasted it in Strike, hit send and instantly got a notification from Muun I’d received 0.0024xxx BTC.

The transaction on both sides fees totaled 31 cents.

Then, I sent the last 19 cents, by setting up an 18 cent transaction in Muun, so the total fee for a 19 cent transaction was 1 penny.

Really fucking cool. I think I’m done with CB, I’m just gonna deposit $100 at a time into strike, send it to Muun on the lightning network and then eventually to long-term storage. Or, I’ll spend it straight from Strike or Muun.

What a time to be alive!?!

submitted by /u/ProfessorPurrrrfect
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