flywithu/Learning-Bitcoin-from-the-Command-Line
1
1
Fork 0
mirror of https://github.com/ChristopherA/Learning-Bitcoin-from-the-Command-Line.git synced 2025-10-31 10:27:29 +00:00
Code Issues Releases Wiki Activity

Update 13_3_Setting_Up_a_Channel.md

Browse Source
This commit is contained in:
Javier Vargas 2020-07-16 14:52:24 +02:00 committed by GitHub
parent 9b5014fad4
commit 956e34cc96
No known key found for this signature in database
GPG Key ID: 4AEE18F83AFDEB23
1 changed files with 1 additions and 1 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

2
13_3_Setting_Up_a_Channel.md
View File

@ -4,7 +4,7 @@
You're now ready to your first lightning network channel. To begin with, you'll need to understand what is and how it's created an c-lightning channel. You're now ready to your first lightning network channel. To begin with, you'll need to understand what is and how it's created an c-lightning channel.
## What is a channel > :book: ***What is a channel
In simple terms a lightning channel is a money tube that allows fast, cheap and private transfers of money without sending transactions to the blockchain. In simple terms a lightning channel is a money tube that allows fast, cheap and private transfers of money without sending transactions to the blockchain.
More technically a channel is a 2-of-2 multisignature bitcoin onchain transaction that establishes a financial relationship between two agents without trust. More technically a channel is a 2-of-2 multisignature bitcoin onchain transaction that establishes a financial relationship between two agents without trust.