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Edited ch14_applications.adoc with Atlas code editor

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clenser 2023-10-19 18:31:29 +00:00
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@ -987,7 +987,7 @@ https://oreil.ly/lIGIA[_Basics of Lightning Technology (BOLT)_ repository].
==== Basic Lightning Network Example
Let's see how this works.
Let's ((("payment channels", "Lightning Network", "example of", id="payment-channel-ln-example")))((("Lightning Network", "example of", id="lightning-example")))see how this works.
In this example, we have five participants: Alice, Bob, Carol, Diana,
and Eric. These five participants have opened payment channels with each
@ -1099,7 +1099,7 @@ Alice has paid Eric 1 bitcoin without opening a channel to Eric. None of
the intermediate parties in the payment route had to trust each other.
For the short-term commitment of their funds in the channel they are
able to earn a small fee, with the only risk being a small delay in
refund if the channel was closed or the routed payment failed.
refund if the channel was closed or the routed payment((("payment channels", "Lightning Network", "example of", startref="payment-channel-ln-example")))((("Lightning Network", "example of", startref="lightning-example"))) failed.
==== Lightning Network Transport and Pathfinding