7.1 Blockchain privacy of the Bitcoin Lightning Network || Seres Istvan

Seres Istvan [@Istvan_A_Seres] explains that the Lightning Network is a layer on top of Bitcoin, so for any privacy analysis, we have to consider both layers in tandem. Lightning requires two on-chain transactions, the channel opening, and the channel closing. In its lifetime the channel can be used for off-chain payments. We must assume that the adversary is present and attacking on both layers.