Ok so I have a couple questions about Lightning network…
I’ve read that it’s so fast because it’s not on the blockchain and requires no confirmations. But how? If it’s not on the blockchain, how do I prevent transactions from being reverted?
What happens if I lose my physical device holding the bitcoins? Is the ledger somewhere there so if I lose it, I might also lose the money? Or can I recover it normally with the 12 words?
This may sound a bit stupid but how do I put Bitcoin in it? Can I take them out afterwards? I guess I just send them to the Lightning wallet and once they get there, they’re already in the lightning network?
Thanks for your time and attention.
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