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Edited ch12.asciidoc with Atlas code editor

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nadams 2017-05-18 09:15:24 -07:00
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@ -57,7 +57,7 @@ The list of building blocks is not complete and more are added with each new fea
Proof-of-Existence (Digital Notary):: ((("digital notary services")))((("Proof of Existence")))Immutability + Timestamp + Durability. A digital fingerprint can be committed with a transaction to the blockchain, proving that a document existed (Timestamp) at the time it was recorded. The fingerprint cannot be modified ex-post-facto (Immutability) and the proof will be stored permanently (Durability).
Kickstarter (Lighthouse):: ((("Kickstarter (Lighthouse)")))Consistency + Atomicity + Integrity. If you sign one input and the output (Integrity) of a fundraiser transaction, others can contribute to the fundraiser but it cannot be spent (Atomicity) until the goal (output value) is funded (Consistency).
Kickstarter (Lighthouse):: Consistency + Atomicity + Integrity. If you sign one input and the output (Integrity) of a fundraiser transaction, others can contribute to the fundraiser but it cannot be spent (Atomicity) until the goal (output value) is funded (Consistency).
Payment Channels:: ((("payment (state) channels", "building blocks (primitives) used in")))Quorum of Control + Timelock + No Double Spend + Nonexpiration + Censorship Resistance + Authorization. A multisig 2-of-2 (Quorum) with a timelock (Timelock) used as the "settlement" transaction of a payment channel can be held (Nonexpiration) and spent whenever (Censorship Resistance) by either party (Authorization). The two parties can then create commitment transactions that double-spend (No Double-Spend) the settlement on a shorter timelock (Timelock).
@ -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")))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")))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].