From 52aa362dccf3796b050f7ab95ae1e98e411fdc88 Mon Sep 17 00:00:00 2001 From: 8go Date: Sat, 18 Apr 2020 08:42:52 +0000 Subject: [PATCH] improved definition of LN (#177) - removed incorrect comma in front of "as well as" - added "both" to make it stronger that LN has 2 main functionalities - "... on the network." leaves it undefined. The reader might ask to which netowrk it refers to? To the before mentioned netowrk of payment-channels? Added "Bitcoin" to clarify. --- ch03.asciidoc | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/ch03.asciidoc b/ch03.asciidoc index 7aaa1ba..4296dbf 100644 --- a/ch03.asciidoc +++ b/ch03.asciidoc @@ -14,7 +14,7 @@ If you are one of those readers you may want to skip this chapter. We'll start with a one sentence definition of what the Lightning Network (LN) is and break it down in the remainder of this chapter. -**The Lightning Network (LN) is a network of _payment channels_ on top of the _Bitcoin protocol_, as well as a communication protocol that defines how participants set up and execute the smart contracts on the network** +**The Lightning Network (LN) is both a peer-to-peer network of _payment channels_ on top of the _Bitcoin protocol_ as well as a communication protocol that defines how participants set up and execute the smart contracts on the Bitcoin network** We will see that a payment channel is simply a 2-out-of-2 multisignature address on the Bitcoin network for which you hold one key and your channel partner holds the other key. This multisignature address comes with a cryptographic protocol that is established by creating a sequence of transactions that spend from this address.