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ch03: replaced "LN" with "Lightning Network" exactly one (#267)
- Acronym "LN" shows up 3 time in chapter 3 - Twice explained (the definition): these I left in, because further chapters will/might make use of the acronym - The third occurrence I replaced, as it adds just 1 work to the book, increases readability, is inconsistent with rest of this chapter
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@ -57,7 +57,7 @@ Besides all the technical primitives, the Lightning Network protocol is a creati
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=== Payment channels
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As you have seen in the last chapter, in order to use the Lightning Network, Alice had to use her wallet software to create a payment channel with another LN participant.
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As you have seen in the last chapter, in order to use the Lightning Network, Alice had to use her wallet software to create a payment channel with another Lightning Network participant.
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From a computer science perspective a payment channel is a cryptographic communication protocol between you and your channel partner.
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It allows both of the channel partners to send funds back and forth as often as they wish.
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A channel is only limited by two things:
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