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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

even distribution of weight. To be steady by having equal weight on both sides.

another

/əˈnəT͟Hər/

adjective determiner pronoun

One more, but not this. One more added. additional person or thing of same type.

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. Faulty or unwanted products sent back to a company. To repay someone's actions, kindness etc..

changes

/CHānj/

noun other verb

act or process bringing change. Exchanges of one set of clothes for another. To exchange one set of clothes for another.

reduces

/rəˈd(y)o͞os/

verb

To make something smaller in size, amount, level.

channels

/ˈCHanl/

noun other verb

sea area. Method or route used for sending or getting things. 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

Fact of increasing; amount something grows by. To make or become larger in size or amount.

release

/rəˈlēs/

noun verb

action or process of releasing or being released. To let go of something you are holding.

updates
noun other verb

act of updating something or someone or updated version of something. Additions of a current version of some things. 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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