Team ForkLog is pleased to announce the completion of a private Lightning-Noda. Its setting is finally completed, and now Noda is available at ln.forklog.com (don’t be surprised that when switching to the browser you will not see anything on connecting to server we describe next).
The decision to run their own nodes for the network Lightning Network was taken in order to support the development of this technology aimed at supporting microtransactions in the network of bitcoin.
How to connect to node? Talk on the example of Lightning Wallet purse (version only for Android).
After downloading and installing the wallet, supporting the Lightning Network, don’t forget to make backups and securely store the mnemonic phrase!
Step 1. Refill your wallet.
Step 2. Click on the bitcoin icon in the lower right corner.
Step 3. Select the Open new channel.
Step 4. You will see a list of available nodes.
Step 5. Click on the search icon and enter a search string forklog.
Step 6. After selecting the nodes forklog will appear window with settings of the channel.
Step 7. Put in the bitcoin channel (minimum quantity 300 000 Satoshi or 0.003 BTC. As seen in the image to open a channel we decided to take 0.006 BTC.
Step 8. Choose what Commission you want to pay the miners for the transaction.
Step 9. Almost ready! On the main screen you will see that your channel is open. After a while he will be finally opened and you will be able to send transactions in the network Lightning!
You can also use alternative wallets for Lightning Network, for example BlueWallet (there is a version for iOS) and Lightning Peach from Bitfury. And on this link you can find more wallets to work in LN.
Note that the month of January the number of channels the Lightning Network has grown by almost a third and the capacity of the network exceeded 600 BTC (over $2 million). According to the latest data 1ml.com the number of visible Lightning nod was almost 5900, the number of open channels exceeds 23 000.
About what a Lightning Network and how to access channel you can also see from the video on the Youtube channel ForkLog.