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Coinjoins, Blacklists, Softforks, & The Beginning of Civilization w/ Max Hillebrand
Bitcoin Rapid-Fire
Lightning Network: A Payment Channel That Cannot Be Cheated From
A payment channel is a agreement among two people who have a shared UTXO on the blockchain. The trick is they pre-sign a transaction, but they don't yet publish it. If you forget even one small part of this piece of data, then you are at risk of being stolen from and irrevocably. It's just that this punishment mechanism is done in a way that the two parties have to remember every update to the payment channel.
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