Nostr

Unilateral force closure of a channel by a party.

A channel is in fact a shared wallet between two or more users. When you move money in a channel its and internal records, not on the bitcoin blockchain. When dispute occur, or when a channel no more can function well , one of the user can decide to call for channel closure and the last record within the channel will be recorded to the bitcoin blockchain.

Disturbia 2y ago

Example.

Suppose I & U created a channel with 1 btc each.

So the channel now has 2 btc. During channel activity, you sent me a net 0.5 btc. So off chain, i now have 1.5 btc and you have 0.5 btc, but this was never recorded on the blockchain. Supposed i fought with you and decided i no longer needed a channel with you. So i force close the channel. The last record of balance between me and you will be broadcasted on the blockchain.

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