From 783ca614928207b7b6950758bc992ef6eaa1dd9e Mon Sep 17 00:00:00 2001 From: "Andreas M. Antonopoulos" Date: Wed, 29 Jul 2020 09:40:16 -0400 Subject: [PATCH] Fixes to edit review --- 03_how_ln_works.asciidoc | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/03_how_ln_works.asciidoc b/03_how_ln_works.asciidoc index 411dba3..0a3a9c2 100644 --- a/03_how_ln_works.asciidoc +++ b/03_how_ln_works.asciidoc @@ -210,7 +210,7 @@ With a strong penalty mechanism, Alice is not tempted to cheat by publishing an [NOTE] ==== In Mastering Bitcoin Andreas states it very elegantly: -A key characteristic of bitcoin is that once a transaction is valid, it remains valid and does not expire. The only way to cancel a transaction is by double-spending its inputs with another transaction before it was mined. That's why we used timelocks [...] to ensure that more recent commitments could be spent before older commitments were valid. +"A key characteristic of bitcoin is that once a transaction is valid, it remains valid and does not expire. The only way to cancel a transaction is by double-spending its inputs with another transaction before it is mined." ==== Now that we understand _why_ a penalty mechanism is needed and how it will prevent cheating, let's see _how_ it works in detail.