diff --git a/ch03.asciidoc b/ch03.asciidoc
index 16c16bc..8cd6227 100644
--- a/ch03.asciidoc
+++ b/ch03.asciidoc
@@ -461,7 +461,7 @@ This makes development a little bit tricky as one cannot easily monitor one's ow
 As long as a person follows the protocol and has their node secured, there is no major risk of losing funds when participating in the Lightning Network.
 However, there is the cost of paying on-chain fees when opening a channel.
 Any cost should come with a corresponding benefit.
-In our case the reward for Alice for bearing the cost of opening a chennel is that Alice can send and receive payments of bitcoin on the Lightning Network at any time and that she can earn fees in bitcoin by forwarding payments for other people.
+In our case the reward for Alice for bearing the cost of opening a channel is that Alice can send and receive payments of bitcoin on the Lightning Network at any time and that she can earn fees in bitcoin by forwarding payments for other people.
 Alice knows that in theory Bob can close the channel immediately after opening resulting in on-chain closing fees for Alice. 
 Alice will need to have a small amount of trust in Bob. 
 Alice has been to Bob's Cafe and clearly Bob is interested in selling her coffee, so Alice can trust Bob in this sense.