It seems like this makes a little sense. It gives the wrong impression to the user, imho. It is only an interface, but it actually does not hold any funds in it, so hardly a wallet. Any suggestoins what would be a better nomenclature?
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I think is right to name as "wallet" a LN wallet. Why? Because LN is The Payment Network of Bitcoin. Bitcoin onchain on the other side is wrongful named wallet. Why? Because onchain is the Key Keeper, not the spender. I would name the onchain as "keychain store" and for LN, as "wallet" (from where you are spending).
Interesting. I just think regular person will think the money is in the actual wallet which it is not, but I guess from usability perspective it would be the easiest to understand.
Keychain store is a bit of a tough word to understand. Perhaps a "private bank" :).
Yes, you get me right, I just wanted to point that onchain is not the "spender" as many would think. It can be called whatever "keys..."
I usually call it - the 3 levels of stash:
All is explained in my guides, like this ones: ₿itcoin - Be your own bank, think like a bank
Thank you. Great article
A typical LN wallet would have a node behind it that does in fact hold the channel state, so the funds are in this sense inside the wallet. @DarthCoin is 100% correct that LN wallets are more of a wallet than on-chain "wallets".
If it holds keys, it's a wallet, even if they're API keys.
Putting physical keys into a physical wallet looks dumb though