MultiversX Tracker is Live!

Lightning Network and block confirmations in HTLCs

Bitcoin Reddit

More / Bitcoin Reddit 156 Views

In Mastering Bitcoin a sample LN transaction is explained using the example of Alice sending 1BTC to Eric by using channels between three other network participants (Bob, Carol, and Diana).

It is mentioned that Hash Time Lock Contracts (HTLC) are used with a 10-block refund timeout (see illustration from Mastering Bitcoin's github: https://github.com/bitcoinbook/bitcoinbook/blob/develop/images/mbc2_1207.png).

My question is: Why is the refund period decreased by one block for each hop in the network?

Given that these hops, e.g. between Bob and Carol happen much faster than block confirmations, I'm not sure I'm fully following the logic here. On the illustration it looks like like the refund period for the last transaction between Diana and Eric is only 7. Why has it decreased by 3 blocks?

submitted by /u/lincfrank
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments