Overview

Lightning Network

BitBanana leverages the Bitcoin Lightning Network, a second-layer framework that enhances the speed and efficiency of Bitcoin transactions. If you’d like to explore how Lightning works, please refer to our dedicated Lightning Network section for detailed explanations.

BitBananas' use cases

There are essentially two ways to use BitBanana:

1. Run your own personal Bitcoin Lightning node and control it remotely with BitBanana.

2. Connect to an account hosted on a shared Lightning node (which can be yours or someone else’s).

Remote controlling your own node

This approach is fully self-custodial, meaning you must set up your own Lightning node beforehand. In return, you gain enhanced privacy, more features, and maximum flexibility.

BitBanana supports two Lightning implementations: LND and CoreLightning. Depending on the option you choose, BitBanana might support or lack different features. For further information, please check the backend differences.

--> I want to remote control my own node

Connecting to an account hosted on a shared Lightning node

In most cases, this arrangement is custodial. The individual or organization running the Lightning node holds control over the funds stored in each account. This operator can also view the transaction history for all accounts hosted on that node. That said, there are scenarios where it makes sense:

• Someone runs a node and sets up some accounts for his family members where trust is not a concern.

• You are the operator of the node and want to have different accounts for yourself. In this case it is a self-custodial arrangement.

• You choose to deposit only small amounts, accepting reduced privacy and security for the sake of convenience.

BitBanana allows to connect to such an account using Nost Wallet Connect or LndHub. Depending on the option you choose, BitBanana might support or lack different features. For further information, please check the backend differences. --> I want to connect to a hosted account