Before you start using Blixt Wallet, it's important to get familiarized with terms, procedures, features, etc. It's a good idea to start reading and get some basic knowledge about LN and how to use it, otherwise it will be difficult for you, as a new user, to understand what you are doing with Blixt Wallet as a node LN wallet.
First of all, let's explain some reasons for WHY it is not syncing, so the user can understand the situation:. Use of the Lightning Network LN is not free! This is a myth. Even if the cost of using LN is really small, there is a cost, and some users will look at that cost too.
Opening and closing channels on LN has a costand sometimes it's not cheap. It also depends on the current miner fees when opening a LN channel. Sometimes it can be really high, sometimes it can be really low. Users should first learn about how fees work.
To learn more about mempool, users can read What is Mempool? You are a new Blixt Wallet user, and you have just installed the app. You have no funds deposited blixt kabel the wallet. The moment the LSP service receives your k deposit, it will use those k sats to open a k sats channel amount can vary, see here for more details towards your wallet.
You will have k sats as outbound liquidity and k sats as inbound liquidity, but that opening comes at a cost: on-chain fees for the tx as well as a commit fee reserve held for channel closure. Why is that? Another aspect to take in consideration is the "channel reserve".
If you go to your Blixt - top drawer - Lightning Channels you will see in the channel details that is mentioned how much is the channel reserve. A channel reserve is an amount that is set aside by each channel participant which ensures neither have "nothing at stake" if a cheating attempt occurs.
Channel reserves make cheating attempts less economical. When one channel party attempts to cheat the other and they are caught, a penalty transaction can be used to steal all the cheating parties bitcoin as punishment.
Channel reserves makes it so cheating attempts always have something at stake making this less likely to occur. Read more about LN channel reserve here. Blixt Wallet itself offers two optional methods for opening channels with the Blixt Node Server :.
Select the desired one, and follow the instructions provided.