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Bitcoin Q&A: How Do Payment Channels Work?

13,896 views

aantonop

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

97%
  • 15:53 / 16:16

Speech Rate:

  • 133 wpm - Conversational

Category:

  • Science & Technology

Tags :

Intro:

Video Vocabulary

balance

/ˈbaləns/

noun verb

Instrument for weighing things. To be steady by having equal weight on both sides.

another

/əˈnəT͟Hər/

adjective determiner pronoun

One more, but not this. One more added. One more (thing).

payment

/ˈpāmənt/

noun

action or process of paying person or thing.

explain

/ikˈsplān/

verb

make idea or situation clear to someone by describing it in more detail.

transactions

/tranˈzakSH(ə)n/

noun other

instance of buying or selling something. An exchange in business usually involving money.

returns

/rəˈtərn/

noun other verb

act of coming or going back to place or activity. Profits made as a result of a business activity. To hit something back to the other player or team.

changes

/CHānj/

noun other verb

act or process bringing change. Exchanges of one set of clothes for another. To replace something with another thing.

reduces

/rəˈd(y)o͞os/

verb

To boil a liquid until it has decreased in amount.

channels

/ˈCHanl/

noun other verb

sea area. Narrow passages through which water travels. direct towards end or goal.

updating
noun verb

Making something more current or modern. To make more current or modern.

because

/bēˈkəz/

conjunction

for reason that.

increase
noun verb

rise in size, amount, or degree of something. To make or become larger in size or amount.

release

/rəˈlēs/

noun verb

Act of freeing someone from a duty or burden. To allow a film, music etc. to be sold/distributed.

updates
noun other verb

act of updating something or someone or updated version of something. New information or data to make more current. To make more current or modern.

bitcoin

/ˈbitˌkoin/

noun

A type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.

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