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BOLT: Basis of Lightning Technology (Lightning Network Specifications)
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Splicing allows spending the current funding transaction to replace it with a new one that changes the capacity of the channel, allowing both peers to add or remove funds to/from their channel balance. Splicing takes place while a channel is quiescent, to ensure that both peers have the same view of the current commitments. We don't want channels to be unusable while waiting for transactions to confirm, so channel operation returns to normal once the splice tx has been signed and we're waiting for it to confirm. The channel can then be used for payments, as long as those payments are valid for every pending splice transactions. Splice transactions can be RBF-ed to speed up confirmation. Once one of the pending splice transactions confirms and reaches acceptable depth, peers exchange `splice_locked` to discard the other pending splice transactions and the previous funding transaction. The confirmed splice transaction becomes the channel funding transaction. Nodes then advertize this spliced channel to the network, so that nodes keep routing payments through it without any downtime. |
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| bolt07 | ||
| bolt12 | ||
| proposals | ||
| tools | ||
| .aspell.en.pws | ||
| .copy-edit-stylesheet-checklist.md | ||
| .gitattributes | ||
| .travis.yml | ||
| 00-introduction.md | ||
| 01-messaging.md | ||
| 02-peer-protocol.md | ||
| 03-transactions.md | ||
| 04-onion-routing.md | ||
| 05-onchain.md | ||
| 07-routing-gossip.md | ||
| 08-transport.md | ||
| 09-features.md | ||
| 10-dns-bootstrap.md | ||
| 11-payment-encoding.md | ||
| 12-offer-encoding.md | ||
| CoC.md | ||
| CONTRIBUTING.md | ||
| README.md | ||
Lightning Network In-Progress Specifications
The specifications are currently a work-in-progress and currently being drafted.
Pull requests and comments welcome, seeking input from community stakeholders.
Discussion available on delving bitcoin.
Previous discussions used the lightning-dev mailing list: an archive can be found here.
Start here for Table of Contents
This work is licensed under a Creative Commons Attribution 4.0 International License.