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Edited ch12.asciidoc with Atlas code editor

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nadams 2017-05-30 12:17:57 -07:00
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@ -441,7 +441,7 @@ This is a basic implementation of an HTLC. This type of HTLC can be redeemed by
((("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].
"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 http://bit.ly/2rBHeoL[_Basics of Lightning Technology (BOLT)_ paper].
Prototype implementations of the Lightning Network have been released by several teams. For now, these implementations can only be run on testnet because they use segwit, which is not activated on the main bitcoin blockchain (mainnet).