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PolyD_
npub1775…9jcw
2024-01-12 15:40:09

PolyD_ on Nostr: CTV and Cold Channels. Today in Bitcoin, to make a channel, you must first receive ...

CTV and Cold Channels.

Today in Bitcoin, to make a channel, you must first receive Bitcoin on-chain and then transfer it to a channel with your partner interactively. This is a minimum of two transactions just to open a channel and the channel opening cannot be batched.

With CTV, channels can be hidden inside your pubKey so that when you're paid and the transaction is committed on-chain (can even be batched using only one UTXO), that on-chain commitment is sufficient to use your channel. No need to dump the channel details on-chain.



Author Public Key
npub1775tuvua6h9mkmlqm3ragxpv3z3eegahhshydj36u2xq72vve9lsq29jcw