How to Open a Lightning Payment Channel ~ Bitcoin to the Max
World Crypto Network
Opening a Lightning Network payment channel requires two peers to jointly fund a 2-of-2 multisig address, each contributing Bitcoin to a script that requires both signatures to spend. A time lock in the funding transaction protects either party: if one goes offline or refuses to cooperate, the other can unilaterally reclaim their Bitcoin after a set period without needing the second signature. Onc
https://relay.towardsliberty.com/b77edc1b7a564bbcc4d26815eaf3c5b0ce966b0f76cb4220066ddb8f5274a869.mp4
World Crypto Network
Opening a Lightning Network payment channel requires two peers to jointly fund a 2-of-2 multisig address, each contributing Bitcoin to a script that requires both signatures to spend. A time lock in the funding transaction protects either party: if one goes offline or refuses to cooperate, the other can unilaterally reclaim their Bitcoin after a set period without needing the second signature. Onc
https://relay.towardsliberty.com/b77edc1b7a564bbcc4d26815eaf3c5b0ce966b0f76cb4220066ddb8f5274a869.mp4