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Olaoluwa Osuntokun 4 years ago committed by GitHub
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@ -4,15 +4,15 @@ In this section you will finally understand how payment channels can be connecte
This allows our gamer Gloria to receive funds from her viewers without being required to maintain a separate channel with every of her viewers who want to tip her.
As long as there exists a path of well funded payment channels from a fan to Gloria she will be able to receive money.
Despite the fact that the nodes along the path forward the money to Gloria they are not able to steal the money and run with it.
Similarly they cannot loose money while participating in the routing process.
Similarly, they cannot loose money while participating in the routing process.
They are however entitled to charge a routing fee for their service.
In particular due to the used Onion routing intermediary nodes will not know who is the initiator of the payment and who is the final recipient.
Being able to connect payment channels yields the main value proposition behind the lightning network.
While a single channel between two users already takes load from the Bitcoin network if those users were to financially interact often a network as described allows off chain payments between arbitrary participants without the need of opening and maintaining a direct payment channel between them.
In this chapter you will first learn in a non technical way how the Bitcoin Network changes its role of being a transaction settlement layer to being a contract settlement layer.
Afterwards the technical Hashed Time Locked Contracts are introduced and explained.
You will lear how they are included into the commitment transactions and how neighboring nodes communicate with each other to set the HTLCs up and settle them.
Finally you will learn about the SPHINX mix Format that enables onion routing which grants payments with a high degree of privacy.
You will learn how they are included into the commitment transactions and how neighboring nodes communicate with each other to set the HTLCs up and settle them.
Finally, you will learn about the SPHINX mix Format that enables onion routing which grants payments with a high degree of privacy.
=== Creating a Network of payment channels

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