What is the purpose of lightning nodes?

In the Bitcoin Lightning network, the Lightning node needs a way to communicate with the underlying blockchain in order to send chain payments, create channel open / close transactions, and monitor events. on the blockchain. You can use it for:

  • Creation of channels.
  • Closing of the channels.
  • Fully manage all channel conditions (including exceptional ones!).
  • Maintain a fully authenticated + validated channel graph.
  • Path search in the network, passive transfer of incoming payments.
  • Send outgoing payments encrypted by onions via the network.
  • Updated fee schedules announced.
  • Automatic channel management (autopilot).

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