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[preface]
[[glossary]] [[glossary]]
== Quick Glossary == Glossary
This quick glossary contains many of the terms used in relation to Bitcoin. These terms are used throughout the book, so bookmark this for a quick reference. This quick glossary contains many of the terms used in relation to Bitcoin. These terms are used throughout the book, so bookmark this for a quick reference.
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TODO: TODO:
Some additional definitions, to be cleaned up and moved into alphabetic order are in the commented-out area below Some additional definitions, to be cleaned up and moved into alphabetic order are in the commented-out area below
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* blockchain: a single distributed ledger agreed upon by a network of participating nodes. The Lightning Network does not use a blockchain to transact, but requires transactions recorded in a blockchain in order for bitcoin to enter and leave the network. * blockchain: a single distributed ledger agreed upon by a network of participating nodes. The Lightning Network does not use a blockchain to transact, but requires transactions recorded in a blockchain in order for bitcoin to enter and leave the network.
* channel: a channel is a financial relationship between two nodes on the Lightning Network. Two users can open a channel with each other using a Bitcoin transaction, and transact with each other by moving bitcoin from one side of the channel to the other. * channel: a channel is a financial relationship between two nodes on the Lightning Network. Two users can open a channel with each other using a Bitcoin transaction, and transact with each other by moving bitcoin from one side of the channel to the other.
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[glossary]
address:: address::
A Bitcoin address looks like +1DSrfJdB2AnWaFNgSbv3MZC2m74996JafV+. It consists of a string of letters and numbers. It's really an encoded base58check version of a public key 160-bit hash. Just as you ask others to send an email to your email address, you would ask others to send you bitcoin to one of your Bitcoin addresses. A Bitcoin address looks like +1DSrfJdB2AnWaFNgSbv3MZC2m74996JafV+. It consists of a string of letters and numbers. It's really an encoded base58check version of a public key 160-bit hash. Just as you ask others to send an email to your email address, you would ask others to send you bitcoin to one of your Bitcoin addresses.
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penalty transaction:: penalty transaction::
Look at the Breach Remedy Transaction. Look at the Breach Remedy Transaction.
private channel: private channel::
A channel not announced to the rest of the network. A channel not announced to the rest of the network.
Technically "private" is a misnomer as these channels can still be identified through routing hints and commitment transactions. Technically "private" is a misnomer as these channels can still be identified through routing hints and commitment transactions.
We suggest they are better described as "unannounced" channels. We suggest they are better described as "unannounced" channels.