Post
Topic
Board Development & Technical Discussion
Re: The Lightning Network FAQ
by
DooMAD
on 26/05/2019, 14:08:30 UTC
HTLC contracts are not bitcoin transactions that broadcast to the btc network

By design.  It would somewhat defeat the purpose of it being off-chain if they were broadcast to the blockchain.  They're still not IOUs.  A commitment transaction is more binding than an IOU.

The clue is in the name.  That's why they call it a "commitment transaction" and not an "owed transaction", or a "promised transaction".