Channels

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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.