Questions tagged [channel-factories]

A channel factory is a proposed new layer between between the blockchain and payment channels that solves the scalability problem of having too many on-chain transactions for micropayments in the October 2017 paper "Scalable Funding of Bitcoin Micropayment Channel Networks" by Burchert, Decker & Wattenhofer.

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How could 6 billion people be onboarded to Bitcoin and Lightning today?

How could 6 billion people be onboarded to Bitcoin and Lightning today?
Valentino Zertuche's user avatar
1 vote
0 answers
33 views

How to open channel with output of closing channel? [Lightning Network]

How can I automatically open a new channel while closing another, avoiding to create an unnecessary intermediate transaction? Do any wallets support it at the moment, or would I have to do it with a ...
tremblings40's user avatar
6 votes
1 answer
199 views

How would the gossip protocol announce channels from a channel factory?

I was just listening to SLP59 with Christian Decker. They mainly discussed channel factories. While the construction of multiparty channels and higher order systems (sub channels) being derived from ...
Rene Pickhardt's user avatar
5 votes
1 answer
409 views

Is it possible to splice a new participant into a LN channel factory?

I am reading paper named "Scalable Funding of Bitcoin Micropayment Channel Networks". If Alice, Bob, and Charlie created a channel factory, I thought that only these three people can make a payment ...
xiaofo's user avatar
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4 votes
2 answers
211 views

Payment channels with dynamic signatures

Talking about single-funded payment channels, the idea is quite simple: Alice puts 10 btc into a multi-sig signed with Bob, and then they each update the state accordingly to send money to each-other ...
Luca Matteis's user avatar
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55 votes
1 answer
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What are Channel Factories and how do they work?

One of the open research questions for Lightning Network is that it will take a massive amount of on-chain transactions to create enough payment channels for all the Lightning Network users. Lately, I'...
Murch's user avatar
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