📊 Technical Principles | Lightning Network
· Definition: The Lightning Network is an off-chain payment network built on top of Bitcoin. Its white paper was published by Joseph Poon and Thaddeus Dryja in 2015.
· How to understand it: The amount a channel can send depends on how the balance is distributed between its two sides. Large payments may fail if no route with sufficient capacity can be found.
· In practice: If you run your own Lightning node, try to keep it online, or use a watchtower service to prevent the other party from settling the channel using an outdated state while you’re offline.
$BTC 80958.01 (+0.86%)
#BTC
For discussion purposes only. You are responsible for any gains or losses.
· Definition: The Lightning Network is an off-chain payment network built on top of Bitcoin. Its white paper was published by Joseph Poon and Thaddeus Dryja in 2015.
· How to understand it: The amount a channel can send depends on how the balance is distributed between its two sides. Large payments may fail if no route with sufficient capacity can be found.
· In practice: If you run your own Lightning node, try to keep it online, or use a watchtower service to prevent the other party from settling the channel using an outdated state while you’re offline.
$BTC 80958.01 (+0.86%)
#BTC
For discussion purposes only. You are responsible for any gains or losses.