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kristen@oreilly.com 3 years ago
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@ -69,7 +69,7 @@ By the design of the Lightning Network, it is possible to extend the smart contr
In the same way that the smart contract protects the channel partners so they don't need to trust each other, the entire network protects the participants so that they can forward payments without trusting any of the other participants.
Because the channels are constructed from multisignature addresses and the balance update transactions are pre-signed Bitcoin transactions, all the trust that is needed to operate the Lightning Network comes from the trust in the decentralized Bitcoin network!
Because the channels are constructed from multisignature addresses and the balance update transactions are presigned Bitcoin transactions, all the trust that is needed to operate the Lightning Network comes from the trust in the decentralized Bitcoin network!
The aforementioned innovations are certainly the major breakthroughs that allowed the creation of the Lightning Network.
However, the Lightning Network is so much more than the cryptographic protocols on top of the Bitcoin Script language.

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