From 3f2259a368d2d18fb99540e78fb83905d65edd75 Mon Sep 17 00:00:00 2001
From: Yuval Adam <_@yuv.al>
Date: Sat, 7 Aug 2021 10:50:12 +0300
Subject: Add path finding / routing distinction

---
 README.md | 13 +++++++++++--
 1 file changed, 11 insertions(+), 2 deletions(-)

(limited to 'README.md')

diff --git a/README.md b/README.md
index 7239b64..bca18ec 100644
--- a/README.md
+++ b/README.md
@@ -4,8 +4,17 @@ Everything you need to work with the Lightning Network in a dense and concise fo
 
 ## Channels
 
-- **Local balance** - outgoing liquidity
-- **Remote balance** - incoming liquidity
+- **Local balance**: outgoing liquidity
+- **Remote balance**: incoming liquidity
+
+Payments are attempted in two phases:
+
+- Pathfinding: traversing the channel graph and finding a path to the destination node
+- Routing: attempting to actually send funds on a given path.
+
+Public graph information includes channel capacity and fees, and is known in **path finding** phase.
+
+Private graph information includes the current liquidity balance, and can only be discovered if a payment succeeds or fails on a **routing** attempt.
 
 ### Fees
 
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