There is question I wanna ask. Since the opening and closing of channels are the only thing going over bitcoin blockchain. Who is responsible for the integrity of intermediate transactions that are going on once channel is open and before its closed?
There are additional complex systems built on top of that in order to encourage honesty and punish any attempted theft. For example, if the latest transaction we had signed was 1.6 BTC to me and 0.4 BTC to you, but you tried to broadcast an old transaction which splits the funds 1 BTC each, there is a mechanism to allow me to dispute that and claim all the funds for myself, meaning you lose everything as punishment for the attempted theft.
Great explanation here!
I thought about the question but it seems I bug you much with questions but I have no option because this is where the most accurate answers are gotten.
You will be surprised how some persons who doesn't know anything about bitcoin will confidently explain rubbish outside this forum.
Apart from the said additional complex systems built on LN to encourage honesty, how is the immutability and permanency of the transactions in LN ensured.
In clear words, where are the transactions that happens between opening and closing channels stored and how immutable is it?