Channels
A deep dive into the construction and lifecycle of Lightning channels.
Note: This section is a placeholder. Content coming soon!
Channel Mechanics
Lightning channels are built using native Bitcoin scripts and transaction types. Understanding how these transactions are constructed is key to understanding the security model of the Lightning Network.
Funding Transaction
The on-chain anchor that establishes the initial balance of the channel.
Commitment Transaction
The off-chain transaction that represents the current state of the channel.
Penalty Transaction
The justice mechanism that prevents cheating in LN-Penalty channels.