Phrases with «commitment transaction»

A commitment transaction refers to an agreement or promise made by someone to do or achieve something. It typically involves a high level of dedication and loyalty towards completing a task or fulfilling a responsibility. It signifies a strong intention to follow through on one's words or actions, even when faced with challenges or difficulties. Full definition

Sentences with «commitment transaction»

  • They both sign their new half valid commitment transaction, and give it to each other. (bitcoinmagazine.com)
  • It's clear that it will be simple for third parties to trustlessly monitor the blockchain for commitment transactions on behalf of a Lightning Network user. (coindesk.com)
  • But what's stopping Bob from broadcasting the older commitment transaction instead? (bitcoinmagazine.com)
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