Difference between revisions of "Channels"
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A fast, off-chain method of mutual exchange between two peers. To transact funds, peers exchange signatures to create an updated commitment transaction. | |||
Payment channels are the main workhorse of the Lightning Network. They allow multiple transactions to be aggregated into just a few on-chain transactions. | Payment channels are the main workhorse of the Lightning Network. They allow multiple transactions to be aggregated into just a few on-chain transactions. | ||
In the vast majority of cases, someone only needs to broadcast the first and last transaction in the channel. | = Transactions = | ||
In the vast majority of cases, someone only needs to broadcast the first and last [[On-chain transactions|transaction]] in the channel. | |||
= Resources / read more = | |||
Read more about channels on the [https://dev.lightning.community/overview/#payment-channels developer guide]. | |||
[[Category:Glossary]] | [[Category:Glossary]] |
Revision as of 14:11, 11 January 2019
Hi reader! We are in the beginning days of the Lightning network, and the beginning days of this wiki! Please help by expanding this article!
A fast, off-chain method of mutual exchange between two peers. To transact funds, peers exchange signatures to create an updated commitment transaction.
Payment channels are the main workhorse of the Lightning Network. They allow multiple transactions to be aggregated into just a few on-chain transactions.
Transactions
In the vast majority of cases, someone only needs to broadcast the first and last transaction in the channel.
Resources / read more
Read more about channels on the developer guide.