by Joseph Poon | July 6, 2015
Slide deck from a presentation at a 2015 San Francisco Bitcoin developers meetup. Covers Bitcoin, timestamping, and ordering; financial systems and time; a quick refresher on the Lightning Network; a survey of time-related BIPs, and enforcing off-blockchain ordering of transactions on the Lightning Network.
Source: https://lightning.network
It’s possible to create channels that stay open an effectively unlimited amount of time. - Just keep revoking old transactions! With these channels as building blocks, payments can route over an untrusted network!