@ -53,9 +53,7 @@ Contrast that to traditional systems, like banking where you _must_ place your t
Trustless does not mean devoid of trust. It means that trust is not a necessary prerequisite to all transactions and that you can transact even with people you don't trust because the system prevents cheating.
Before we get into how the Lightning Network works, it's important to understand one basic concept that underlies Bitcoin, the Lightning Network and many other such systems: something we call a _fairness protocol_. A fairness proctocol is a way to
_achieve fair outcomes between participants, who do not need to trust each other, without the need for a central authority_ and it is the backbone of decentralized systems like Bitcoin.
Before we get into how the Lightning Network works, it's important to understand one basic concept that underlies Bitcoin, the Lightning Network and many other such systems: something we call a _fairness protocol_. A fairness proctocol is a way to _achieve fair outcomes between participants, who do not need to trust each other, without the need for a central authority_ and it is the backbone of decentralized systems like Bitcoin.
@ -67,7 +66,7 @@ The most important questions to ask about a specific wallet are:
[TIP]
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If a Lightning wallet uses a third-party Lightning node, it is this third-party Lightning node that decides how to communicate with Bitcoin. Hence, using a third-party Lightning node implies that you are also using a third-party Bitcoin node. Only when when the Lightning wallet uses its own Lightning node, does the choice "full Bitcoin-node" vs. "third-party Bitcoin node" exist.
If a Lightning wallet uses a third-party Lightning node, it is this third-party Lightning node that decides how to communicate with Bitcoin. Hence, using a third-party Lightning node implies that you are also using a third-party Bitcoin node. Only when the Lightning wallet uses its own Lightning node, does the choice "full Bitcoin-node" vs. "third-party Bitcoin node" exist.
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At the highest level of abstraction, questions 1 and 3 are the most elementary ones.