1 upvotes, 1 direct replies (showing 1)
View submission: ⚡ Lightning Network Megathread ⚡
the part that concerns me is that balance updates on a chanel are made through future (on chain) transactions, and so I assume those need to use a fee (high enough) guaranteed to go through under any circumstance... ?
IIUC, opening a chanel doesn't necessarily imply a (high) fee if closing a chanel pays for child tx. That is, the chanel is open before the tx for it confirms, I think.
Comment by geezas at 13/01/2018 at 04:20 UTC
2 upvotes, 0 direct replies
I don't think a channel will be considered open until it's confirmed on the blockchain