Post
Topic
Board Beginners & Help
Re: A Beginner's guideline to Bitcoin Lightning Network
by
ndalliard
on 06/07/2021, 09:42:11 UTC
The other party would very likely close the channel forcefully after some time. It would be possible because channel participants constantly sign new commitment transactions which can be used to settle the balance on-chain once a certain timelock has passed.

is the period of that timelock every time a new commitment is broadcastet updated? so it is a moving timeframe? and that timeframe will be set in stone with the opening transaction on the base layer, is that correct?