Unclear what 'spent' means

4 years ago · cef9d85bdc
parent 4f3389f71d
commit cef9d85bdc
1 changed files with 1 additions and 1 deletions
--- a/glossary.asciidoc
+++ b/glossary.asciidoc
@ -98,7 +98,7 @@ c-lightning::
    Implementation of the Lightning Network Protocol by the Victoria-based Blockstream. It is written in C.

 Closing Transaction::
-    If both channel partners agree to close a channel they will create a spent of the funding transaction that reflects the most recent commitment transaction.
+    If both channel partners agree to close a channel they will create an exercise settlement transaction that reflects the most recent commitment transaction.
    It does not include any Hashed Time Lock Contracts or Revocable Sequence Maturity Contracts.
    After exchanging signatures for a closing transaction no further channel updates should be made, as this one allows one side to enforce the closing transaction on the blockchain.
    Mutually closing a channel with the help of a closing transaction has the advantage that less blockchain transactions are required to claim all funds, in comparison to unilaterally forcing a channel close by publishing a commitment transaction. Additionally, funds are for both parties immediately spendable from a closing transaction.