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@ -450,7 +450,7 @@ image::images/mbc3_1401.png["A payment channel between Bob and Alice, showing th
==== Simple Payment Channel Example ==== Simple Payment Channel Example
To To
explain state channels, we start with a very simple example. We explain ((("payment channels", "example of", id="payment-channel-example")))state channels, we start with a very simple example. We
demonstrate a one-way channel, meaning that value is flowing in one demonstrate a one-way channel, meaning that value is flowing in one
direction only. We will also start with the naive assumption that no one direction only. We will also start with the naive assumption that no one
is trying to cheat, to keep things simple. Once we have the basic is trying to cheat, to keep things simple. Once we have the basic
@ -542,7 +542,7 @@ the commitment transactions that update the balance of the channel.
In the end, only two transactions are recorded on the blockchain: the In the end, only two transactions are recorded on the blockchain: the
funding transaction that established the channel and a settlement funding transaction that established the channel and a settlement
transaction that allocated the final balance correctly between the two transaction that allocated the final balance correctly between((("payment channels", "example of", startref="payment-channel-example"))) the two
participants. participants.
[[video_payment_channel]] [[video_payment_channel]]