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Lightning Network explained

# Lightning Network

A Bitcoin payment network built around channels.

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## IN THIS DOCUMENT

[What it means](https://koalavps.com/glossary-lightning-network/#section-1)[For hosting](https://koalavps.com/glossary-lightning-network/#section-2)[Which recovery procedure applies?](https://koalavps.com/glossary-lightning-network/#section-3)[Knowledge base](https://koalavps.com/resources/)

## What it means

Participants manage channel balances and routing. A payment route can fail, and running a node involves online key and liquidity considerations. It does not promise revenue.

## For hosting

Use implementation-specific wallet and channel recovery procedures. Do not assume an ordinary snapshot is a safe backup of live channel state.

## Which recovery procedure applies?

Use the documentation for the actual implementation and version. A wallet seed, channel backup and host snapshot solve different recovery problems.

KEEP EXPLORING

## Continue reading.

[Learn ### The words behind the infrastructure. A compact reference for reading a hosting specification and asking the next useful question.…](https://koalavps.com/glossary/)[Learn ### A field guide to your own infrastructure. Useful reading for the first deployment and the next careful improvement. Start with the decision you need to make today.…](https://koalavps.com/guides/)[Network ### A network should explain itself. Understand the Nordic region choices, the difference between a port speed and real throughput, and what evidence a hosting network…](https://koalavps.com/network/)

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