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Results tagged with lightning-network
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user 90088
A peer-to-peer payment system leveraging unbroadcast pre-signed transactions to track user balances.
2
votes
How to determine how many transactions are being processed by the lightning network?
Yes, that is possible. If you operate all nodes in the network :)
If you are interested in a specific node, performing an effective sybil attack will also allow you to determine number of transaction …
- 2,521
1
vote
Lightning network channel capacities and gambling site jackpot payouts
If the user opens the channel, and funds it unilaterally with 1000, the capacity of the channel will be 1000, and the initial balance 1000 (user)/0 (remote).
Two issues to consider.
Liquidity (Can …
- 2,521
1
vote
Is it possible to run two nodes with the same public key?
With reliability, I assume you mean protecting channel balances against server failure (Not being able to close the channel correctly following an error).
You can reproduce the wallet in both nodes, …
- 2,521
1
vote
Accepted
meaning of "full node" in Lightning Network?
The lightning node secures the channel funds in form of Bitcoin transactions.
When a lightning node negotiates an initial balance with another Lightning peer (channel opening), it needs to ensure a …
- 2,521
2
votes
1
answer
117
views
Why is the obscured commitment number necessary in lightning commitment TX's?
The obscured commitment number for each commitment transaction is the lower 48 bits of:
SHA256(payment_basepoint from open_channel || payment_basepoint from accept_channel)
It is encoded in the loc …
- 2,521
1
vote
Does a LN route with N channels at most require N-2 fee payments?
The fee is implied by the difference in routed amounts across the channels in the payment route. The htlc amounts reflecting the payment amount will decrease from channel to channel.
n1 -> n2: Incom …
- 2,521
1
vote
Lightning: Why would Bitcoin Network Accept a Breach Remedy?
1) An invalid commitment transaction remains a valid transaction on the bitcoin network until the funding TX output is spent.
Each commitment transaction, once signed will remain valid until the chan …
- 2,521
3
votes
Accepted
How to fund a bidirectional channel in Lightning Network by two participants? (Edited)
1) Peer A sends msg to Peer B
Unsigned Funding TX template including:
// Input A (unsigned, just outpoint)
// Output A (change)
2) Peer B sends msg to Peer A
Completed unsigned Funding TX templa …
- 2,521
8
votes
Accepted
What makes millisatoshi real?
Millisatoshis are the unit in which channel balances are accounted for. They are a necessary accounting unit, if the aim is to enable very small lightning payments amounts, which represents a protocol …
- 2,521
4
votes
Accepted
To create a channel on the Lightning Network, do you have to execute an actual transaction?
Yes, a channel opening involves creating and signing 3 transactions, and broadcasting just one.
The transaction to be broadcast funds the channel, and spends to a multisig output. It is signed by who …
- 2,521
2
votes
Ownership of private keys in the Lightning Network
If the third party is routing a payment through your node, only your node and its peers along the payment route need to sign, and therefore only the respective private keys are required. The third par …
- 2,521
3
votes
In which cases could I find funds locked in a failed route?
The funds in the respective HTLC's get stuck for a time-out period if the payment_pre-image doesn't propagate back along the route to your originating channel. There is no guarantee beforehand that th …
- 2,521
0
votes
Implementation of tokens/assets/colored coins on top of bitcoin lighning nodes / channels?
Coloured coins work by adding metadata to the a transaction output with an OP_RETURN output script. The metadata describes a transaction of the coloured coin, but is ignored by the Bitcoin script inte …
- 2,521
2
votes
Is there actually a dilemma of whether or not to publish channel states for LN nodes?
To add to Rene’s answer: The protocol design currently allows the probing of viable paths to leak just enough information to let you determine whether all channels along route provide adequate liquidi …
- 2,521
3
votes
Accepted
How to fund a bidirectional payment channel?
In your scenario you would like to create a payment channel with user 1 and 2 contributing (on-chain) and receiving (off-chain, in the payment channel) the following amounts:
User 1: 2 btc
User 2: 1 …
- 2,521