Post
Topic
Board Development & Technical Discussion
Re: Idea to improve Lightning Network (LN)
by
go1111111
on 25/07/2015, 04:59:16 UTC
aj on the LN IRC channel suggested an improvement to this technique -- a better way for Bob to pay Alice instead of using a one way payment channel:

Quote
rather than opening a whole new channel, why not send a "Bob pays 2.5 BTC to "Alice_Sig + BobSecret | Bob_Sig + TIMEOUT" and ask Alice to setup an on-channel payment to Bob of 2.5 BTC given BobSecret. Bob reveals BobSecret on the channel, Alice uses BobSecret to claim the on-blockchain 2.5BTC, everyone's square.

I also updated the original post to note that this does require BIP 62.