Lightning Network Ring of Fire Project
Stackchain community members are some of the most convicted Bitcoin Maximalists that exist. They buy bitcoin, they earn bitcoin, they donate bitcoin, and they facilitate the world's best payment network by building the Lighting Network.
No one wants to miss out on the fun. No one wants to miss out on participating in the next item that we're stacking. Our latest project is stacking Lightning channels.
To participate, all you need is a Bitcoin and Lightning node. Stackchainers are building nodes from Umbrel, MyNode, RaspiBlitz, RaspiBolt, and more. No matter your flavor, there's a spot for your node in our next Ring of Fire.
What is a Ring of Fire?
The Lightning Network is based on cooperation, but more often than not, you do not know whom you're connecting to and channel openings are often one sided and confusing. To build a stronger Lightning Network and Stackchain community, we are connecting Lightning nodes together in a ring-like fashion.
Benefits of participating in a Ring of Fire
Providing support to one another
Gaining incoming liquidity
Increased node viability and connectivity
Acting as a "Super Node" together, routing payments
How do you build a Ring of Fire?
all nodes together create a closed circle of channels
each node opens one channel to the next in a clockwise manner
all channels within the ring are of the same channel size
ideally nodes of higher capacity connect to nodes with lower capacity to distribute capacity along the ring
channels within the ring are either ALL public
all nodes are reachable through TOR
nodes do an initial circular rebalance via an igniter script
Stackchain Total Rings of Fire: 4
Stackchain Total Nodes: 20
If you'd like to join our Ring of Fire project, we're here to help. We'll help you get your Bitcoin and Lightning node up and running, help you troubleshoot any issues, and get you connected to one of our next rings. Just drop by our official Telegram channel and mention that you'd like to join the Lightning Network project and we'll get you invited to the proper group.