Ethereum: because your “msat spent” is much lower than “msat for us”
As an active participant on the Ethereum network, you are probably not foreign to the shades of cryptocurrency transactions. However, I am about to immerse myself in a common problem that can arise when using the Lightning Network (LN), which is one of the primary Ethereum protocols for fast and safe payments.
In this article, we will explore why your “Msat spent” (also known as “Msit payment”) could be much lower than your “Msats for us” (MTU). This discrepancy can lead to delayed or failed payments, which are particularly frustrating when using the Lightning network, in which the times and congestion of the network play a significant role.
Understanding of can be spent msat
Msat spent is a crucial metric indicating how much value you have available for shopping for the Ethereum network. It represents the amount of the transaction commissions associated with the payment out of the local wallet to a recipient on the network. Basically, it’s like having a credit limit on your Ethereum balance.
Because MSAT can be spent is lower than mtu
The reason why your spent msit could be less than what your MTU has several explanations:
- Transaction commissions : When you make an outgoing payment on the Lightning network using C-lighting, V0.7.1-64-GBB30104 version, you are essentially sending transaction commissions to the sender of the Lightning channel. These commissions are generally much higher than the value of your spent MSAT.
2 This means that the commissions associated with the use of a consolidated channel could be significantly higher than you pay if you create a new channel for your specific use case.
3 In addition, slow commissions may occur when the payment sender is not ready to receive it quickly, leading to delays in payment processing.
- DIFFERENCES OF THE PRICE OF THE GAS
: Even the price differences of the gas between MSAT EXPENSE AND MTU can contribute to this discrepancy. Gas prices vary according to factors such as the user’s portfolio, the congestion of the network and other external factors.
What to do after
To solve these problems, consider the following steps:
- Create a new channel for your specific use case : this will allow you to exploit the lowest commissions associated with the creation of a new channel.
- Use a more consolidated channel : look in the channels already created and have been widely used on the network.
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By understanding and facing these differences between your MSAT and MTU spent, you should be able to solve the problems relating to the delays of payments and payments of the successful lightning network.
