2 upvotes, 0 direct replies (showing 0)
View submission: ⚡ Lightning Network Megathread ⚡
In simple terms, we both set aside money to use on lightning and we agree to settle the balance between us at a later date.
Only the first and last transaction goes through the Bitcoin Blockchain (the setting aside and closing out), all the stuff in the middle is just us changing the final balance of who owes who.
It's a bit like opening a tab at a bar.
Because we set aside the money in the beginning, I don't need to worry whether you can afford to pay me.
There's nothing here!