Bitcoin

Bitcoin is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight. Consensus between nodes is achieved using a computationally intensive system based on proof-of-work called mining.

script – Lightning force close detection

┌────────────────────────────────────┐ ┌────────────────────────────┐ │ outputs contain revocation script? ├──yes──► force close w/ penalty = 3 │ └──────────────┬─────────────────────┘ └────────────────────────────┘ no ┌──────────────▼──────────────────────────┐ │...

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