0 sats \ 2 replies \ @Public_N_M_E 24 Jul 2023 \ parent \ on: Lightning Everywhere bitcoin
I see kinda how lightning does it. In simpleton thoughts because it's "hot" it's able to inform all the nodes that these transactions have been constructed and are ready to be processed fully. So no nodes should disagree the validity of those transactions. But for an offline transaction I don't get it as that's "cold" and I'm a little lost how that could be broadcast with a consensus if it's been "cold" the whole time. I mean it must work somehow else how would cold wallets be able to transact without keeping the network permanently appraised of its transactions... Making it no longer a cold wallet. I'm going to need to look into this more as I think my understanding of transacting on the network with lightning or offline is just missing some fundamentals. Thanks for taking the time to respond and help me out. I appreciate it.
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16 sats \ 1 reply \ @TonyGiorgio OP 24 Jul 2023
The offline payment solution is essentially just having LSPs on both side of the transaction (one on the sending side, one on the receiving side) and routing the payment from the sender to the sender's LSP. Then the LSPs will talk to each other to determine whenever the receiver comes back online. It's really just the illusion of offline, but payments can be "held" a lot longer without it hurting the network.
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100 sats \ 0 replies \ @Public_N_M_E 24 Jul 2023
Ok. I think I'm starting to piece this together. Kinda like pinging an IP address over and over until you eventually get a response. I think it's starting to become clearer for me. Thanks a lot.
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