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Edited ch14_applications.adoc with Atlas code editor

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clenser 2023-10-19 18:26:12 +00:00
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ch14_applications.adoc
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@ -916,7 +916,7 @@ channel.
==== Hash Time Lock Contracts (HTLC)
Payment channels can be further
Payment channels ((("payment channels", "HTLC (Hash Time Lock Contract)", id="payment-channel-htlc")))((("HTLC (Hash Time Lock Contract)", id="htlc")))can be further
extended with a special type of smart contract that allows the
participants to commit funds to a redeemable secret, with an expiration
time. This feature is called a _Hash Time Lock Contract_, or _HTLC_, and
@ -966,7 +966,7 @@ redeemed by _anyone_ who has the secret +R+. An HTLC can take many
different forms with slight variations to the script. For example,
adding a +CHECKSIG+ operator and a public key in the first clause
restricts redemption of the hash to a particular recipient, who must also
know the((("Bitcoin", "as application platform", "payment channels", secondary-sortas="application platform", startref="bitcoin-app-platform-payment")))((("application platform, Bitcoin as", "payment channels", startref="app-platform-payment")))((("payment channels", startref="payment-channel"))) secret +R+.
know the((("Bitcoin", "as application platform", "payment channels", secondary-sortas="application platform", startref="bitcoin-app-platform-payment")))((("application platform, Bitcoin as", "payment channels", startref="app-platform-payment")))((("payment channels", startref="payment-channel")))((("payment channels", "HTLC (Hash Time Lock Contract)", startref="payment-channel-htlc")))((("HTLC (Hash Time Lock Contract)", startref="htlc"))) secret +R+.
[[lightning_network]]
=== Routed Payment Channels (Lightning Network)