Glossary - Fees

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Imran 4 years ago committed by GitHub
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@ -182,10 +182,9 @@ ephemeral key::
Even if an ephemeral key leaks, only information about a single payment becomes public.
fees::
The sender of a transaction often includes a fee to the network for processing the requested transaction.
Not to be confused with a routing fee for payments on the Lightning Network.
Nodes on the Lightning Network are allowed to take a routing fee for forwarding payments.
The routing fee is the sum of a fixed _base_fee_ and a _fee_rate_ which depends on the payment amount.
In the context of Bitcoin, the sender of a transaction includes a fee paid to miners for including the transaction in a block.
In the context of the Lightning Network, nodes will charge routing fees for forwarding other users' payments.
Individual nodes can set their own fee policies which will be calculated as the sum of a fixed _base_fee_ and a _fee_rate_ which depends on the payment amount.
funding transaction::
The funding transaction is used to open a payment channel.

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