I have been hearing lightning network and I don't know how it was even to compare it with the casino gambling game I want to know the difference between this lightning network and bitcoin and the casino game does it mean that this lightning network is a very important to the extent that it consist on it home like a Bitcoin or it is a network that support the industry of Bitcoin procession I think I need more explanation

Is that true? Because what is implemented by the El Salvadorian government is their Chivo Wallet app, which I believe to be a custodial wallet. The transactions made through the app are not Bitcoin transactions. They're mere IOUs that can be censored.


It can become quite technical if you want to use it non-custodially. I will ask the Lightning experts how to use it without depending on a third party.

The use of lightning network increase when some wallets and exchanges like CashApp supported it, it increased further when El Salvador made bitcoin a legal tender but I do not think it is because of El Salvador users that the use of lightning network increased because people using bitcoin in El Salvador are not yet much and most of them use Chivo wallet for it which has cheaper fee because it requires no on-chain transaction.

Lightning network will make fee cheaper, the transaction time is also faster. Lightning network is still under development but the project is not more new. Gamblers can make use of it for low amount of money which is what is encouraged for it to be used for.

Altcoins are not  a solution because they are usually more volatile than Bitcoin, they force you to use exchanges to change your Bitcoins against them, and you have to believe in them when you want to gamble big amounts of money. Moreover they often don't provide any reputed wallet to hold them safely outside any platform. LN would allow Bitcoin believers to cheaply gamble without having to let their funds into the casino once they've finished their session.

Unlike altcoins, Bitcoin is supported by almost all crypto casinos. Therefore, the lightning network seems a better and more practical alternative than using alts. If you are going to use alts and you play on different casinos then you will find yourself forced to continuously exchange coins depending on the casino you are going to play at and the coins it supports.
Another reason, you can use a single wallet to make both on-chain and lightning transactions while in case of altcoins you probably will have to use more than one wallet.

I almost never use the lightning network so it will be my first experience using the lighting network if my favorite gambling site provides it. I see betplay provides LN, I might try it there for the first time, I heard the lighting network charges very low transaction fees.

This question can also be asked in relation to trading platforms and all service sites that enable Bitcoin withdrawals.
In fact, the Lightning Network service is very effective in reducing traffic congestion on the network and the high transfer fees as a result. This was very useful since 2017, when we did not have solutions to address the problems of the Blockchain, but today I do not find this network much useful, especially when the channels on it are not able to accommodate transactions with transfers of significant amounts. On the other hand, gambling sites benefit from the fees they impose on the withdrawal process, so there is no reason for them to complicate matters with additional technical updates and also complicate them for users, especially since only few of them know what the lightning network is and what is the importance of using it and how to use it.

From all this I think that one of the most feasible ways to be able to use or implement LN is now, the market is at a very low turning point, both BTC and altcoins are going down, some experts say that the worst is over, but It is true, many prefer altcoins because their transactions are very fast and I do not know if there is any kind of statistics that those players who only play and prefer to make their transactions to casinos with BTC, both deposits and withdrawals, have. For some, their eyes may light up when they say that they have the system with LN, but it would be to leave it as an additional service for the benefit of the player, which is not frowned upon either, but because the more altcoins the better, it cannot be denied that this generates attention.

Without the help of the biggest exchanges, I believe it won't. The advantage of altcoins over Lightning is it's very easy for new users to convert their fiat and withdraw to any coin they want. But not Lightning because the user is required to do a few extra steps.


But be careful with the narrative that the Lightning Network will "ALWAYS have ALMOST ZERO fees". In theory transactions in Lightning can become higher than some centralized altcoins if demand is high enough. Channel capacity is limited.