**Changes:**
* Added some missing full stops.
* 'meaning a pre-defined process based on cryptography, used by the channel partners to re-distribute' to 'meaning a pre-defined process based on cryptography is used by the channel partners to re-distribute'
* 'Payment channels basics' to 'Payment channel basics'
* 'Channels partners can agree to announce' to 'Channel partners can agree to announce'
* 'don’t need to trust your channel to retrieve the balance of your channel' to 'don’t need to trust your channel partner to retrieve the balance of your channel'
* 'present a Lightning invoice to Alice as a QR code, or send it via email, or any other message channel' or 'present a Lightning invoice to Alice as a QR code, send it via email, or any other message channel'
* 'who just sent her an uninvitedly email' to 'who just uninvitedly sent her an email'
* 'addresses as part of payment channel on the Lightning Network' to 'addresses as part of payment channels on the Lightning Network'
* 'We looked at how payments are routed. Finally, we compared Lightning and Bitcoin and analyzed their differences and commonalities' to 'We looked at how payments are routed and finally, we compared Lightning with Bitcoin and analyzed their differences and commonalities'
Incorporated some edits from the defunct pull request below to make this section read a little more easily. Some particulars
* Instead of stating as good way, bad way, ugly way -> state as their technical name and put (the good way) bracketed after
* The first and third examples referred to "you" and the second referred to "Alice and Bob". All three now refer to "you"
* Each paragraph now describes the method with a one liner
* Some miscellaneous detail
https://github.com/lnbook/lnbook/pull/307
* Scarcity, scarce resource differences between Bitcoin and Lightning
- added additional difference between BTC and LN
* softened
- replaced "each one according to its scarcity" with "... influenced by..." to soften it.
- added "primarily" to "pay primarily for block space" to soften it
- added "by and large" to "...pay by and large for channel capacity" to soften it
* removed last 3 lines according to suggestion
* Added monetary limit to commonality of BTC and Lightning
As an alternative a new paragraph could be added with title "Monetary Limit" but I thought that adding two sentences to the "Monetary Unit" section would be enough.
* ch03: adjusted to incorporate comment
* Fee incentives as difference between Bitcoin and Lightning
- basically explaining that the $1M tx will always remain on BTC, ...
* improved following reviewers suggestion
- 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