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can someone EILI5 what “Eltoo” is : Bitcoin

In LN, the initiator puts up all the money to open the channel. This means all channels start with a local/remote balance of 100/0.

In LN-eltoo BOTH parties put initial funds into the channel. So the channel open operation could open as 100/0, or 50/50, or 60/40. Whatever you want.

There are changes to the close and force-close as well, but I don’t understand those either.

Update: source

Jesus… hostile thread tonight.


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