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I feel a bit dumb but even after searching I just can't fully understand Lightning network. Can someone eli5 a couple things for me, please?

I feel a bit dumb but even after searching I just can't fully understand Lightning network. Can someone eli5 a couple things for me, please?

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Ok so I have a couple questions about Lightning network...

  • I've read that it's so fast because it's not on the blockchain and requires no confirmations. But how? If it's not on the blockchain, how do I prevent transactions from being reverted?
  • What happens if I lose my physical device holding the bitcoins? Is the ledger somewhere there so if I lose it, I might also lose the money? Or can I recover it normally with the 12 words?
  • This may sound a bit stupid but how do I put Bitcoin in it? Can I take them out afterwards? I guess I just send them to the Lightning wallet and once they get there, they're already in the lightning network?

Thanks for your time and attention.

submitted by /u/GodGMN
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