Opening a Lightning Network channel is a hedge against the fee market

The fee market can be as volatile as the price based on the demand in the mempool. One way you can ensure you don't have to pay high transaction fees or worry about your transaction being stuck because the fee was too low is to open a LN channel when fees are low. That way if the fee market spikes again, you already have a channel ready to go to make payments with.

Submitted October 18, 2018 at 02:24AM by ecurrencyhodler https://ift.tt/2yLIN4Z