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nadams 2017-05-18 09:14:15 -07:00
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@ -439,7 +439,7 @@ This is a basic implementation of an HTLC. This type of HTLC can be redeemed by
[[lightning_network]]
=== Routed Payment Channels (Lightning Network)
((("blockchain applications", "routed payment channels", seealso="Lightning Network", id="BCAlightning12")))((("routed payment channels", see="Lightning Network")))((("Lightning Network", "defined")))((("Poon, Joseph")))((("Dryja, Thadeus")))The Lightning Network is a proposed routed network of bidirectional payment channels connected end-to-end. A network like this can allow any participant to route a payment from channel to channel without trusting any of the intermediaries. The Lightning Network was https://lightning.network/lightning-network-paper.pdf[first described by Joseph Poon and Thadeus Dryja in February 2015], building on the concept of payment channels as proposed and elaborated upon by many others.
((("blockchain applications", "routed payment channels", seealso="Lightning Network", id="BCAlightning12")))((("routed payment channels", see="Lightning Network")))((("Lightning Network", "defined")))((("Poon, Joseph")))The Lightning Network is a proposed routed network of bidirectional payment channels connected end-to-end. A network like this can allow any participant to route a payment from channel to channel without trusting any of the intermediaries. The Lightning Network was https://lightning.network/lightning-network-paper.pdf[first described by Joseph Poon and Thadeus Dryja in February 2015], building on the concept of payment channels as proposed and elaborated upon by many others.
"Lightning Network" refers to a specific design for a routed payment channel network, which has now been implemented by at least five different open source teams. ((("Basics of Lightning Technology (BOLT)")))The independent implementations are coordinated by a set of interoperability standards described in the https://github.com/lightningnetwork/lightning-rfc/blob/master/00-introduction.md[_Basics of Lightning Technology (BOLT)_ paper].