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Edited ch12.asciidoc with Atlas code editor

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nadams 2017-05-17 15:06:19 -07:00
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@ -362,7 +362,7 @@ Output 1:
This way, each party has a commitment transaction, spending the 2-of-2 funding output. This input is signed by the _other_ party. At any time the party holding the transaction can also sign (completing the 2-of-2) and broadcast. However, if they broadcast the commitment transaction, it pays the other party immediately whereas they have to wait for a short timelock to expire. By imposing a delay on the redemption of one of the outputs, we put each party at a slight disadvantage when they choose to unilaterally broadcast a commitment transaction. But a time delay alone isn't enough to encourage fair conduct. This way, each party has a commitment transaction, spending the 2-of-2 funding output. This input is signed by the _other_ party. At any time the party holding the transaction can also sign (completing the 2-of-2) and broadcast. However, if they broadcast the commitment transaction, it pays the other party immediately whereas they have to wait for a short timelock to expire. By imposing a delay on the redemption of one of the outputs, we put each party at a slight disadvantage when they choose to unilaterally broadcast a commitment transaction. But a time delay alone isn't enough to encourage fair conduct.
<<asymmetric_commitments>> shows two asymmetric commitment transactions, where the output paying the holder of the commitment is delayed: <<asymmetric_commitments>> shows two asymmetric commitment transactions, where the output paying the holder of the commitment is delayed.
[[asymmetric_commitments]] [[asymmetric_commitments]]
.Two asymmetric commitment transactions with delayed payment for the party holding the transaction .Two asymmetric commitment transactions with delayed payment for the party holding the transaction