From dc8745087f704bfd679347650c4e0af0cb42e8f1 Mon Sep 17 00:00:00 2001 From: Shannon Appelcline Date: Wed, 14 Oct 2020 08:33:02 -1000 Subject: [PATCH] added funding transaction defn --- 18_3_Setting_Up_a_Channel.md | 2 ++ 1 file changed, 2 insertions(+) diff --git a/18_3_Setting_Up_a_Channel.md b/18_3_Setting_Up_a_Channel.md index cf3bf83..d783715 100644 --- a/18_3_Setting_Up_a_Channel.md +++ b/18_3_Setting_Up_a_Channel.md @@ -37,6 +37,8 @@ You can then send funds to this address using `bitcoin-cli sendtoaddress` (or an This transaction is called the [funding transaction](https://github.com/lightningnetwork/lightning-rfc/blob/master/03-transactions.md#funding-transaction-output), and it needs to be confirmed before funds can be used. +> :book: ***What is a Funding Transaction?*** A funding transaction is a Bitcoin transaction that places money into a Lightning channel. It may be single-funded (by one participant) or dual-funded (by both). From there on, Lightning transactions are all about reallocating the ownership of the funding transaction. + To check you local balance you should use `lightning-cli listfunds` command: ```