Closing channels
Revision as of 14:28, 11 January 2019 by MiltonPusser (talk | contribs)
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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.