New answers tagged balance
6
At the protocol level, Bitcoin has no concept of "balances" or "addresses", and their common interpretation isn't relevant during verification.
Every transaction spends "coins" and reforges them into new "coins" (called UTXOs). Every UTXO has a value (in number of satoshis) and an locking script. UTXOs are always spent ...
4
Walletbalance is showing your on-chain balance of a lightning wallet.
Regarding channel balances (locked on layer 2 and not available onchain):
local balance is your local balance that you can spend on lightning network
remote balance is balance in your channels but it's being owned by the other party in the channel, this is the amount you are able to ...
4
In each of your channels, you have a local balance. This is the balance that is yours in that channel. The counterparty of the channel has the remote balance. All lightning transactions change these balances with each one resulting in their sum being the same and matching the channel capacity. As all transactions in that channel just end up changing the ...
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