alejandro on Nostr: nostr:note1q3unh7lk20th7pgjj43y0j26fm0pyxqupqh3z42f96pqqkszkvaq50ymms The fairness ...

quoting note1q3u…ymms

Before we get into how the Lightning Network works, it’s important to understand one basic concept that underlies Bitcoin, the Lightning Network, and many other such systems: something we call a fairness protocol. A fairness protocol is a way to achieve fair outcomes between participants, who do not need to trust each other, without the need for a central authority, and it is the backbone of decentralized systems like Bitcoin.

The fairness protocol is implicit to Bitcoin and I had not thought about it as such until I read this chapter.