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Delays in the Lightning Network are security measures that prevent inaccuracies and cheating from being published on the mainnet Bitcoin network. These built-in delays are called time-lock (sometimes referred to as CSV) and revocation delays. They both involve using time to enforce security but serve different purposes. Time-lock (CSV) prevents premature channel closings, and revocation delays prevent old states from being used maliciously.
Time-Lock Delay
A time-lock delay is implemented using a CheckSequenceVerify (CSV) feature, which allows a…
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