What is Bitcoin?

If you’ve been living under a rock, Bitcoin is a digital currency secured by cryptography and computer protocols. The combination of those aspects allow people to conduct business without the need of a bank or payment processor company.

What is Bitcoin Lightning?

Because of how the protocol is designed, Bitcoin can be too slow for day-to-day transactions. Bitcoin Lightning is a layer built on top of Bitcoin that provides greater transaction speeds without sacrificing security.

What is a sat?

A sat or satoshi in this context is the smallest denomination of bitcoin. That is, 1 sat is 0.00000001 of a bitcoin. This means that 100,000,000 sats is 1 bitcoin, or 1 BTC for short. Sats are often used with Bitcoin Lightning for micro transactions.

How much is a bitcoin? How much is a sat?

You can do a simple web search, or check out cryptocurrency exchanges or price aggregators as the price can fluctuate quite a bit. Though this is becoming more stable over time. We use 500 sats for everything currently. This is a small enough payment to gauge interest and test as a proof of concept.

How do get I use Bitcoin Lightning?

It’s best to do your own research here. There are many options to choose from for both wallets and exchanges. A simple web search will point you in the right direction. Use a small amounts to start out. If you want a quick recommendation, use Muun as a wallet, and Kraken as an exchange.