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Patrick Lemke 2020-02-20 17:44:22 +01:00
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@ -133,7 +133,7 @@ One can use the Bitcoin network to send bitcoin from a P2PKH address as well as
In both cases transfer of ownership might be expensive in bitcoin fees if there is a lot of demand from people to utilize the Bitcoin network.
However once the bitcoin are used to open a payment channel they can freely flow within the Lightning Network from one participant to another one.
If a channel partner should not respond, one will always have the chance to fall back to the on-chain transactions without the necessity for the channel partner to help to do so.
Due to the potentially high fees and confirmation times, bitcoin on the Bitcoin Network are way more rigid and harder to move than bitcoin on the Lightning Network.
Due to the potentially high fees and confirmation times, bitcoin on the Bitcoin network are way more rigid and harder to move than bitcoin on the Lightning Network.
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===== Example of a poor channel opening procedure