Questions on: lightning-network

How will the lightning network handle lightweight clients? Most steps during the payment process in an LN channel don't actually require full knowledge of the blockchain or even the unconfirmed (mempool) transactions. This is because the transactions
Say, you and I want to open a payment channel. 1) Putting funds into LightningWe both send 0. 05 BTC into a shared 2-of-2 multisig address
They don't need to support those. As mentioned by Roman you could build the entire LN in one contract. You can even implement the LN Relative OP_CHECKLOCKTIMEVERIFY requirement in a much better way
I seem to remember that Lightning channels could remain open indefinitely with the introduction of CLTV I think instead of "CLTV" you mean "CSV" (as in OP_CSV, BIP112). As far as I know, nobody claimed that OP_CLTV would allow HLTC-style (Lightning)
Lightning forwards payments using a construction called a "hashed timelock contract" (HTLC), which allows the payee to redeem the transaction if they know the preimage to a given hash, or allows the payer to redeem the transaction after a given timeo
Let's say Alice wants to send a payment of 0. 01 BTC to Dave and checks the following route through Bob and Carol, i. e
centralized - The software is fully open source. Any one can start up a node, put some Bitcoins in and start offering their service to the network and earn some fees for doing it. This low barrier to entry and ease of use should provide enough compet
Learn how to efficiently send repeated micropayments to a chosen recipient. Introduction Bitcoin has great potential as a platform for enabling micropayments, payments much smaller than what the traditional financial system can handle. Indeed, you ca
How will the lightning network handle lightweight clients? Most steps during the payment process in an LN channel don't actually require full knowledge of the blockchain or even the unconfirmed (mempool) transactions. This is because the transactions
Lightning Network relies on a network of payment channels. When two users open a payment channel together, they create a new 2-of-2 multisig address. As they are funding it, they also create an exit transaction for each user