Payment channels are the core and most fundamental building block for the Lightning Network.
Of course every detail of a technology is there and exists for a reason but the Lightning Network is literally built around the idea and concept of payment channels.
In the previous chapters you have learnt already quite a bit about payment channels, what properties they have, and on a high level how they work and how they can be constructed.
Payment channels are the core and most fundamental building block of the Lightning Network.
Of course, every detail of a technology is exists for a reason but the Lightning Network is literally built around the idea and concept of payment channels.
In the previous chapters you have already learned about payment channels, what properties they have, and on a high level how they work and how they can be constructed.
In this chapter we will dig deeper into the protocol details that are needed to open and close payment channels.
This will repeat some information from the basic chapters in the first part of this book.
Where necessary some information from the first chapters of this book will be repeated.
If you are new to the topic we highly encourage you to start there first.
If you however already know a fair share about bitcoin script, OP_CODES and protocol design it might be sufficient to skip the previous chapter and start here with us.
This books follows the construction of payment channels as described in BOLT 02 which is titled `peer protocol` and describes how two peers communicate to open, maintain and close a channel.
Andreas M. Antonopoulos
4 years ago
committed by
GitHub