Web3 Chinese | Damus Core Highlights What is the BTC Lightning Network? (With operation guide)

Damus, the social software under the Nostr protocol, has recently become popular in the Web 3.0 circle. Recommended by Twitter founder Jack Dorsey, Damus ranked among the top ten free social apps in the US App Store in less than 2 days.

One of the core highlights of Damus is its BTC Lightning Network function. Currently, the lightning payment platforms supported by Damus include Strike, Cash App, Muun, Blue Wallet, Wallet of Satoshi, Zebedee, Zeus LN, LNLink, Phoenix, Breez, Bitcoin Beach, and Blixt Wallet, River.

Damus also struck while the iron was hot and launched a small BTC random reward event within the app. As long as users initiate a tip request under a specific post, they have a chance to receive a reward of a few dollars.

In recent years, the popularization and use of Bitcoin wallets has not been as widely circulated as content in other fields. So many people are not familiar with the Lightning Network. Below we will introduce in detail how to use Lightning Network payment within Damus.

BTC Lightning Network

For underlying chains such as Bitcoin and Ethereum, when the number of users increases, it will be difficult for ordinary users to use them directly. On the one hand, the access threshold is relatively high, and the handling fee for submitting a transaction will be very high.

In the design of Bitcoin expansion plans, some plans increase the block size, which has led to multiple forks in Bitcoin. For the current Bitcoin mainnet, the Lightning Network is currently the main expansion plan.

Using the Lightning Network is like going to a bar to drink. Every time you drink a glass of wine, your boss will keep the account and settle it all at once at the end of the month.

Opening a payment channel on Bitcoin is very simple. Two people transfer funds to a multi-signature wallet on the chain. The sum of the funds of the two people represents the maximum amount of funds that can be traded by this payment channel. After the channel is established, both parties can conduct transactions. These transactions will not involve the Bitcoin network, so the transaction volume that can be supported will be greatly improved.

When they want to close the payment channel, they can sign a closing transaction, which will settle the final balance on their chain, so for a payment channel, only two transactions need to be generated on the chain.

Because the amount of BTC being traded is very small, it is generally calculated using satoshis (satoshi), the smallest current unit of BTC. sats is the abbreviation of Satoshis, derived from Bitcoin creator Satoshi Nakamoto, 1sats= 0.00000001 BTC.

How to use Lightning Network on Damus?

Here, we take Wallet of Satoshi as an example. Download Wallet of Satoshi and enter the homepage. You can use it directly without registering an account, or you can log in after registering. To ensure safety, we recommend registering an account first: After selecting login, fill in your Google email address to register your account.

After successful registration, click Receive and a QR code and a string of numbers starting with Inbc will be displayed. We will copy this string of numbers and publish it on Damus. If you want to customize the payment amount, you can click "Add Custom Amount", enter the amount you want to receive, then copy the numbers below and publish it on Damus.

After publishing (Post), the digital string will be automatically converted into a small payment card, and the other party can click on the card to pay you on the Lightning Network.

Of course, we can also add the payment address to the personal page. After filling it out, you can see a lightning logo on the right side of the personal avatar. Click on it to see the lightning network software supported by Damus.

How to participate in the official bonus event?

We copy the address starting with Inbc and open Damus, find Damus' official account, reply to the address we just copied under the official gift post, and Damus will automatically display the payment card. Because it is a random gift, just wait for the official response after it is released.

Damus official account:

npub18m76awca3y37hkvuneavuw6pjj4525fw90necxmadrvjg0sdy6qsngq955

Web3CN official account:

npub10jas5z30fypezqd4q3kkp8d4739z44t2khcemktycrqyutj7x2ws9wrzf3

At present, the event has been going on for some time, and the official has not given an end time.

On February 6, Damus tweeted that it would launch a Bitcoin reward function for posts in the next version.

As a powerful means of attracting traffic, it is not ruled out that Damus will launch similar interactive sessions in the future.


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Origin blog.csdn.net/weixin_56136405/article/details/128920391