
SLP490 Dusty - What is Splicing and why will it improve LN?
Stephan Livera Podcast
00:00
How to Spice a Bitcoin Channel
The way lightning nodes work is they're just constantly sending messages back and forth to each other. There's a new message that's introduced to splice and called actually called STFU, which stands for something fundamental in the Bitcoin world. So you have a channel with certain balance. You might want to make it bigger, in which case we do what we call splice in more funds to it. But we also want to get smaller, which would be a splice out fund. And I think these kind of maneuvers are there, there's infinite ways you could do them. They allow you to do all kinds of things in one go.
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