Channel Duration
Posted almost 3 years ago by BTC Node
When we creating new swaps in lightningnetwork.plus there is option Channel Duration
But during opening channel there is no option " Channel Duration " in ubmrel or RTL
So how it works?
But during opening channel there is no option " Channel Duration " in ubmrel or RTL
So how it works?
4 Comments
LN+ Admin wrote almost 3 years ago
You don't have to set it when setting up the channel. You can keep it open infinitely if it benefits you.
Within LN+ I will add related info to this page, so you can easily keep track of how much longer you must keep a channel open: https://lightningnetwork.plus/my_swaps
Within LN+ I will add related info to this page, so you can easily keep track of how much longer you must keep a channel open: https://lightningnetwork.plus/my_swaps
BTC Node wrote almost 3 years ago
Thank you
But what's the reason of field "Channel Duration" ? I
f for example it sets 3 months
in case if i closed after 2 month or 4 month i will be charged for same amount of sats
But what's the reason of field "Channel Duration" ? I
f for example it sets 3 months
in case if i closed after 2 month or 4 month i will be charged for same amount of sats
anonymEd wrote almost 3 years ago
It is the minimal amount of time that you and everybody on the ring expect to maintain the channel, but there is no mechanism of enforcement.
BTC Node wrote almost 3 years ago
ok, thanks
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