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Results tagged with lightning-network
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user 65653
A peer-to-peer payment system leveraging unbroadcast pre-signed transactions to track user balances.
2
votes
Accepted
Being offline: when do other nodes close channels?
A Lightning Channel does not have any requirement as to when to close the channel, as specified by BOLT. It is entirely decided by the user, and the implementation. For the case of lnd, whenever the u …
- 567
2
votes
Accepted
Duplex micropayment channels: criticisms of Lightning and implementation
As of today, (November 2018):
To what extent are those criticisms of Lightning valid as of November 2017?
This is still a case for Lightning. Eltoo was the first to suggest a simpler way of copi …
- 567
1
vote
Lightning network hub security?
While I agree with you in that this is an issue, it is in no way different from current systems. In current systems, stealing credentials of a bank give you pretty much enough power to move the money …
- 567
2
votes
How do "trustless third-party watchers" work in Lightning Network?
I suppose that when you refer to "third-party watchers" you mean watchtowers. I do agree that 'trustless' is probably an ambiguous word in this context. At the time of writing, the only actual proposa …
- 567
0
votes
Accepted
lncli pendingchannels output: difference between `pending_closing_channels` and `waiting_clo...
Found an answer for this by asking the slack community:
pending_closing_channels: waiting for confirmation blockheight after cooperative closing and publishing on the blockchain (standard case)
wait …
- 567
7
votes
Accepted
Why is last channel's expiry different in Lightning Network Routes?
After some searching through the BOLT documents and talking with the lnd slack community, I found an answer:
B->C. If B were to send 4,999,999 millisatoshi directly to C, it would
neither charge …
- 567
1
vote
Accepted
Minimum funds required in a channel in Lightning?
Testing further this, I found an answer for it: with current settings for lnd, one cannot transfer an amount such that leaves one of the sides with less that 1% of the channel capacity. This is most l …
- 567
5
votes
Accepted
Is it possible to splice a new participant into a LN channel factory?
You are correct. It is not possible to get Diana into the Channel Factory without a transaction that closes and reopens with Diana.
Splicing-in and splicing-out as explained by Decker et al. in the …
- 567