Search results

...any crypto currencies or blockchains. [[ On-chain ]] transactions refer to transactions permanently written to the Layer-1 blockchain (e.g. Bitcoin blockchain). On-chain transactions are (much) slower than Lightning payments (payment transactions), since you have to wait for [[Bitcoin]] block confirmation. Payments on th

...o peers. To transact funds, peers exchange signatures to create an updated commitment transaction. ...They allow multiple transactions to be aggregated into just a few on-chain transactions.

= Commitment revocation private key = ...upport revocation, each output of the commitment transaction refers to the commitment revocation public key.

...point, it's able to generate the signature for the funder's version of the commitment transaction and send it over using the funding_signed message. ...irst step toward creating the funding transaction and both versions of the commitment transaction.