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2. **Opening and Closing Transactions**: The only transactions that are publicly recorded on the Bitcoin blockchain in the Lightning Network are when these channels are opened and closed. The opening transaction funds the channel, and the closing transaction settles the final balance between the parties, reflecting the net result of all intermediate transactions.

3. **Intermediate Transaction Privacy**: The intermediate transactions that occur within a Lightning Network channel are not publicly broadcasted or recorded on the blockchain. This means they are private between the parties involved. However, these transactions still adhere to the cryptographic and security standards of the Bitcoin network.