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Andreas M. Antonopoulos 2020-10-07 09:44:38 -05:00
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@ -76,9 +76,10 @@ Beyond all the technical primitives, the Lightning Network protocol is a creativ
As we saw in the previous chapter, Alice used her wallet software to create a payment channel between her and another Lightning Network participant.
A channel is only limited by two things:
A channel is only limited by three things:
First, the time it takes for the internet to transfer the few hundred bytes of data that the protocol requires to move funds from one end of the channel to the other.
Second, the capacity of the channel, meaning the amount of bitcoin that is committed to the channel when it is opened.
Third, the maximum size limit of a Bitcoin transaction also limits the number of incomplete (in progress) routed payments that can be carried simultaneously over a channel.
Payment channels have a few very interesting and useful properties: