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improved definition of LN (#177)

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- 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.
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@ -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. 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. 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. This multisignature address comes with a cryptographic protocol that is established by creating a sequence of transactions that spend from this address.