From b9d547a2aeb1e8a16eccd31489858e2a55972aa3 Mon Sep 17 00:00:00 2001 From: Imran <60175113+ImranLorgat@users.noreply.github.com> Date: Sun, 30 Aug 2020 00:39:16 +0200 Subject: [PATCH] Glossary - Fees --- glossary.asciidoc | 7 +++---- 1 file changed, 3 insertions(+), 4 deletions(-) diff --git a/glossary.asciidoc b/glossary.asciidoc index a595d5e..a88aa47 100644 --- a/glossary.asciidoc +++ b/glossary.asciidoc @@ -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.