I am trying to open a LN channel, it says that I need at least $50-$100 to open a channel (100k-200k Satoshi), is true? This makes it an instant deal breaker for third world users. BCH is Rs 0.16
My understanding is that opening a LN channel is the same as making an on-chain transaction, which is subject to fluctuations depending on how busy the blockchain is. Right now, according to mempool, the transaction costs are around $1, which I expect would be the cost of opening a channel.
I don't know for sure, but I guess there are also some methods for opening more than one channel at once, reducing substantially the cost of opening channels when there is coordination (which could be built by a wallet app). Not entirely sure of that, though. But exciting times ahead.
Looking at transactions that are not going to make it in does not mean anything. This person actually looked at the real information. You are making a guess based on something irrelevant.
> I don't know for sure, but I guess there are also some methods for opening more than one channel at once, reducing substantially the cost of opening channels when there is coordination (which could be built by a wallet app). Not entirely sure of that, though. But exciting times ahead.
What are you basing that on? Transactions are priced by the bytes they take up. Larger transactions cost more.
