Opening a Lightning Network channel is a hedge against the fee market

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The fee market can be as volatile as the price based on the demand in the mempool. One way you can ensure you don't have to pay high transaction fees or worry about your transaction being stuck because the fee was too low is to open a LN channel when fees are low. That way if the fee market spikes again, you already have a channel ready to go to make payments with.

submitted by /u/ecurrencyhodler
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Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $24039.02 USD  (via Coinbase)
1 ETH = $1904.01 USD  (via Coinbase)
1 LTC = $61.75 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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