Difference between revisions of "Closing channels"
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MiltonPusser (talk | contribs) (Created page with "{{Stub}} There are several ways of closing a channel. In general: a friendly and unfriendly way. = The friendly way: Mutual close = = The unfriendly way way: Forced close =...") |
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There are several ways of closing a channel. In general: a friendly and unfriendly way. | There are several ways of closing a channel. In general: a friendly and unfriendly way. | ||
= The friendly way: Mutual close = | = The friendly way: Mutual close = | ||
If two parties consent to close the channel, they broadcast the spend of a [[On-chain transactions|Funding transaction]]. | |||
= The unfriendly way way: Forced close = | = The unfriendly way way: Forced close = | ||
Closing a channel using "--force" results in a unilateral close. This makes the funds ([[Channel policy|temporarily]]) unavailable to the closing party. | Closing a channel using "--force" results in a '''unilateral close'''. This makes the funds ([[Channel policy|temporarily]]) unavailable to the closing party, there is a [[Delays|delay]]. | ||
Latest revision as of 08:39, 6 March 2019
There are several ways of closing a channel. In general: a friendly and unfriendly way.
The friendly way: Mutual close
If two parties consent to close the channel, they broadcast the spend of a Funding transaction.
The unfriendly way way: Forced close
Closing a channel using "--force" results in a unilateral close. This makes the funds (temporarily) unavailable to the closing party, there is a delay.