Transaction Notes | Lightning Network
① Even two parties without a direct channel can make payments along a route linked through other nodes. Hashed Timelock Contracts (HTLCs) ensure that nodes along the route cannot withhold funds.
② When a channel is closed, the final balance is settled to the Bitcoin main chain in an on-chain transaction.
③ If you run your own Lightning node, you need to keep it online or use a watchtower service to prevent the other party from settling the channel with an old state while you’re offline.
$BTC 76130.01 (+0.61%)
① Even two parties without a direct channel can make payments along a route linked through other nodes. Hashed Timelock Contracts (HTLCs) ensure that nodes along the route cannot withhold funds.
② When a channel is closed, the final balance is settled to the Bitcoin main chain in an on-chain transaction.
③ If you run your own Lightning node, you need to keep it online or use a watchtower service to prevent the other party from settling the channel with an old state while you’re offline.
$BTC 76130.01 (+0.61%)