Replace use of ChainWatchInterface with WatchEvent
[rust-lightning] / lightning / src / ln / channelmonitor.rs
index 5db9d17141ce28244d005780a304ca5b2a8b0948..fd724c1cacb952a9b38f5b68c37d3ddf945e0077 100644 (file)
@@ -1,3 +1,12 @@
+// This file is Copyright its original authors, visible in version control
+// history.
+//
+// This file is licensed under the Apache License, Version 2.0 <LICENSE-APACHE
+// or http://www.apache.org/licenses/LICENSE-2.0> or the MIT license
+// <LICENSE-MIT or http://opensource.org/licenses/MIT>, at your option.
+// You may not use this file except in accordance with one or both of these
+// licenses.
+
 //! The logic to monitor for on-chain transactions and create the relevant claim responses lives
 //! here.
 //!
@@ -17,7 +26,6 @@ use bitcoin::blockdata::transaction::OutPoint as BitcoinOutPoint;
 use bitcoin::blockdata::script::{Script, Builder};
 use bitcoin::blockdata::opcodes;
 use bitcoin::consensus::encode;
-use bitcoin::util::hash::BitcoinHash;
 
 use bitcoin::hashes::Hash;
 use bitcoin::hashes::sha256::Hash as Sha256;
@@ -29,20 +37,23 @@ use bitcoin::secp256k1;
 
 use ln::msgs::DecodeError;
 use ln::chan_utils;
-use ln::chan_utils::{CounterpartyCommitmentSecrets, HTLCOutputInCommitment, LocalCommitmentTransaction, HTLCType};
+use ln::chan_utils::{CounterpartyCommitmentSecrets, HTLCOutputInCommitment, HolderCommitmentTransaction, HTLCType};
 use ln::channelmanager::{HTLCSource, PaymentPreimage, PaymentHash};
 use ln::onchaintx::{OnchainTxHandler, InputDescriptors};
-use chain::chaininterface::{ChainListener, ChainWatchInterface, BroadcasterInterface, FeeEstimator};
+use chain;
+use chain::chaininterface::{ChainListener, ChainWatchInterface, ChainWatchedUtil, BroadcasterInterface, FeeEstimator};
 use chain::transaction::OutPoint;
 use chain::keysinterface::{SpendableOutputDescriptor, ChannelKeys};
 use util::logger::Logger;
 use util::ser::{Readable, MaybeReadable, Writer, Writeable, U48};
 use util::{byte_utils, events};
+use util::events::Event;
 
-use std::collections::{HashMap, hash_map};
+use std::collections::{HashMap, HashSet, hash_map};
 use std::sync::Mutex;
 use std::{hash,cmp, mem};
 use std::ops::Deref;
+use std::io::Error;
 
 /// An update generated by the underlying Channel itself which contains some new information the
 /// ChannelMonitor should be made aware of.
@@ -90,7 +101,7 @@ pub enum ChannelMonitorUpdateErr {
        /// our state failed, but is expected to succeed at some point in the future).
        ///
        /// Such a failure will "freeze" a channel, preventing us from revoking old states or
-       /// submitting new commitment transactions to the remote party. Once the update(s) which failed
+       /// submitting new commitment transactions to the counterparty. Once the update(s) which failed
        /// have been successfully applied, ChannelManager::channel_monitor_updated can be used to
        /// restore the channel to an operational state.
        ///
@@ -123,11 +134,19 @@ pub enum ChannelMonitorUpdateErr {
        TemporaryFailure,
        /// Used to indicate no further channel monitor updates will be allowed (eg we've moved on to a
        /// different watchtower and cannot update with all watchtowers that were previously informed
-       /// of this channel). This will force-close the channel in question (which will generate one
-       /// final ChannelMonitorUpdate which must be delivered to at least one ChannelMonitor copy).
+       /// of this channel).
+       ///
+       /// At reception of this error, ChannelManager will force-close the channel and return at
+       /// least a final ChannelMonitorUpdate::ChannelForceClosed which must be delivered to at
+       /// least one ChannelMonitor copy. Revocation secret MUST NOT be released and offchain channel
+       /// update must be rejected.
+       ///
+       /// This failure may also signal a failure to update the local persisted copy of one of
+       /// the channel monitor instance.
        ///
-       /// Should also be used to indicate a failure to update the local persisted copy of the channel
-       /// monitor.
+       /// Note that even when you fail a holder commitment transaction update, you must store the
+       /// update to ensure you can claim from it in case of a duplicate copy of this ChannelMonitor
+       /// broadcasts it (e.g distributed channel-monitor deployment)
        PermanentFailure,
 }
 
@@ -139,6 +158,16 @@ pub enum ChannelMonitorUpdateErr {
 #[derive(Debug)]
 pub struct MonitorUpdateError(pub &'static str);
 
+/// An event to be processed by the ChannelManager.
+#[derive(PartialEq)]
+pub enum MonitorEvent {
+       /// A monitor event containing an HTLCUpdate.
+       HTLCEvent(HTLCUpdate),
+
+       /// A monitor event that the Channel's commitment transaction was broadcasted.
+       CommitmentTxBroadcasted(OutPoint),
+}
+
 /// Simple structure send back by ManyChannelMonitor in case of HTLC detected onchain from a
 /// forward channel and from which info are needed to update HTLC in a backward channel.
 #[derive(Clone, PartialEq)]
@@ -149,66 +178,6 @@ pub struct HTLCUpdate {
 }
 impl_writeable!(HTLCUpdate, 0, { payment_hash, payment_preimage, source });
 
-/// Simple trait indicating ability to track a set of ChannelMonitors and multiplex events between
-/// them. Generally should be implemented by keeping a local SimpleManyChannelMonitor and passing
-/// events to it, while also taking any add/update_monitor events and passing them to some remote
-/// server(s).
-///
-/// In general, you must always have at least one local copy in memory, which must never fail to
-/// update (as it is responsible for broadcasting the latest state in case the channel is closed),
-/// and then persist it to various on-disk locations. If, for some reason, the in-memory copy fails
-/// to update (eg out-of-memory or some other condition), you must immediately shut down without
-/// taking any further action such as writing the current state to disk. This should likely be
-/// accomplished via panic!() or abort().
-///
-/// Note that any updates to a channel's monitor *must* be applied to each instance of the
-/// channel's monitor everywhere (including remote watchtowers) *before* this function returns. If
-/// an update occurs and a remote watchtower is left with old state, it may broadcast transactions
-/// which we have revoked, allowing our counterparty to claim all funds in the channel!
-///
-/// User needs to notify implementors of ManyChannelMonitor when a new block is connected or
-/// disconnected using their `block_connected` and `block_disconnected` methods. However, rather
-/// than calling these methods directly, the user should register implementors as listeners to the
-/// BlockNotifier and call the BlockNotifier's `block_(dis)connected` methods, which will notify
-/// all registered listeners in one go.
-pub trait ManyChannelMonitor<ChanSigner: ChannelKeys>: Send + Sync {
-       /// Adds a monitor for the given `funding_txo`.
-       ///
-       /// Implementer must also ensure that the funding_txo txid *and* outpoint are registered with
-       /// any relevant ChainWatchInterfaces such that the provided monitor receives block_connected
-       /// callbacks with the funding transaction, or any spends of it.
-       ///
-       /// Further, the implementer must also ensure that each output returned in
-       /// monitor.get_outputs_to_watch() is registered to ensure that the provided monitor learns about
-       /// any spends of any of the outputs.
-       ///
-       /// Any spends of outputs which should have been registered which aren't passed to
-       /// ChannelMonitors via block_connected may result in FUNDS LOSS.
-       fn add_monitor(&self, funding_txo: OutPoint, monitor: ChannelMonitor<ChanSigner>) -> Result<(), ChannelMonitorUpdateErr>;
-
-       /// Updates a monitor for the given `funding_txo`.
-       ///
-       /// Implementer must also ensure that the funding_txo txid *and* outpoint are registered with
-       /// any relevant ChainWatchInterfaces such that the provided monitor receives block_connected
-       /// callbacks with the funding transaction, or any spends of it.
-       ///
-       /// Further, the implementer must also ensure that each output returned in
-       /// monitor.get_watch_outputs() is registered to ensure that the provided monitor learns about
-       /// any spends of any of the outputs.
-       ///
-       /// Any spends of outputs which should have been registered which aren't passed to
-       /// ChannelMonitors via block_connected may result in FUNDS LOSS.
-       fn update_monitor(&self, funding_txo: OutPoint, monitor: ChannelMonitorUpdate) -> Result<(), ChannelMonitorUpdateErr>;
-
-       /// Used by ChannelManager to get list of HTLC resolved onchain and which needed to be updated
-       /// with success or failure.
-       ///
-       /// You should probably just call through to
-       /// ChannelMonitor::get_and_clear_pending_htlcs_updated() for each ChannelMonitor and return
-       /// the full list.
-       fn get_and_clear_pending_htlcs_updated(&self) -> Vec<HTLCUpdate>;
-}
-
 /// A simple implementation of a ManyChannelMonitor and ChainListener. Can be used to create a
 /// watchtower or watch our own channels.
 ///
@@ -220,22 +189,84 @@ pub trait ManyChannelMonitor<ChanSigner: ChannelKeys>: Send + Sync {
 ///
 /// If you're using this for local monitoring of your own channels, you probably want to use
 /// `OutPoint` as the key, which will give you a ManyChannelMonitor implementation.
+///
+/// (C-not exported) due to an unconstrained generic in `Key`
 pub struct SimpleManyChannelMonitor<Key, ChanSigner: ChannelKeys, T: Deref, F: Deref, L: Deref, C: Deref>
        where T::Target: BroadcasterInterface,
         F::Target: FeeEstimator,
         L::Target: Logger,
         C::Target: ChainWatchInterface,
 {
-       #[cfg(test)] // Used in ChannelManager tests to manipulate channels directly
+       /// The monitors
        pub monitors: Mutex<HashMap<Key, ChannelMonitor<ChanSigner>>>,
-       #[cfg(not(test))]
-       monitors: Mutex<HashMap<Key, ChannelMonitor<ChanSigner>>>,
+       watch_events: Mutex<WatchEventQueue>,
        chain_monitor: C,
        broadcaster: T,
        logger: L,
        fee_estimator: F
 }
 
+struct WatchEventQueue {
+       watched: ChainWatchedUtil,
+       events: Vec<chain::WatchEvent>,
+}
+
+impl WatchEventQueue {
+       fn new() -> Self {
+               Self {
+                       watched: ChainWatchedUtil::new(),
+                       events: Vec::new(),
+               }
+       }
+
+       fn watch_tx(&mut self, txid: &Txid, script_pubkey: &Script) {
+               if self.watched.register_tx(txid, script_pubkey) {
+                       self.events.push(chain::WatchEvent::WatchTransaction {
+                               txid: *txid,
+                               script_pubkey: script_pubkey.clone()
+                       });
+               }
+       }
+
+       fn watch_output(&mut self, outpoint: (&Txid, usize), script_pubkey: &Script) {
+               let (txid, index) = outpoint;
+               if self.watched.register_outpoint((*txid, index as u32), script_pubkey) {
+                       self.events.push(chain::WatchEvent::WatchOutput {
+                               outpoint: OutPoint {
+                                       txid: *txid,
+                                       index: index as u16,
+                               },
+                               script_pubkey: script_pubkey.clone(),
+                       });
+               }
+       }
+
+       fn dequeue_events(&mut self) -> Vec<chain::WatchEvent> {
+               let mut pending_events = Vec::with_capacity(self.events.len());
+               pending_events.append(&mut self.events);
+               pending_events
+       }
+
+       fn filter_block<'a>(&self, txdata: &[(usize, &'a Transaction)]) -> Vec<(usize, &'a Transaction)> {
+               let mut matched_txids = HashSet::new();
+               txdata.iter().filter(|&&(_, tx)| {
+                       // A tx matches the filter if it either matches the filter directly (via does_match_tx)
+                       // or if it is a descendant of another matched transaction within the same block.
+                       let mut matched = self.watched.does_match_tx(tx);
+                       for input in tx.input.iter() {
+                               if matched || matched_txids.contains(&input.previous_output.txid) {
+                                       matched = true;
+                                       break;
+                               }
+                       }
+                       if matched {
+                               matched_txids.insert(tx.txid());
+                       }
+                       matched
+               }).map(|e| *e).collect()
+       }
+}
+
 impl<Key : Send + cmp::Eq + hash::Hash, ChanSigner: ChannelKeys, T: Deref + Sync + Send, F: Deref + Sync + Send, L: Deref + Sync + Send, C: Deref + Sync + Send>
        ChainListener for SimpleManyChannelMonitor<Key, ChanSigner, T, F, L, C>
        where T::Target: BroadcasterInterface,
@@ -243,16 +274,17 @@ impl<Key : Send + cmp::Eq + hash::Hash, ChanSigner: ChannelKeys, T: Deref + Sync
              L::Target: Logger,
         C::Target: ChainWatchInterface,
 {
-       fn block_connected(&self, header: &BlockHeader, height: u32, txn_matched: &[&Transaction], _indexes_of_txn_matched: &[u32]) {
-               let block_hash = header.bitcoin_hash();
+       fn block_connected(&self, header: &BlockHeader, txdata: &[(usize, &Transaction)], height: u32) {
+               let mut watch_events = self.watch_events.lock().unwrap();
+               let matched_txn = watch_events.filter_block(txdata);
                {
                        let mut monitors = self.monitors.lock().unwrap();
                        for monitor in monitors.values_mut() {
-                               let txn_outputs = monitor.block_connected(txn_matched, height, &block_hash, &*self.broadcaster, &*self.fee_estimator, &*self.logger);
+                               let txn_outputs = monitor.block_connected(header, &matched_txn, height, &*self.broadcaster, &*self.fee_estimator, &*self.logger);
 
                                for (ref txid, ref outputs) in txn_outputs {
                                        for (idx, output) in outputs.iter().enumerate() {
-                                               self.chain_monitor.install_watch_outpoint((txid.clone(), idx as u32), &output.script_pubkey);
+                                               watch_events.watch_output((txid, idx), &output.script_pubkey);
                                        }
                                }
                        }
@@ -260,10 +292,9 @@ impl<Key : Send + cmp::Eq + hash::Hash, ChanSigner: ChannelKeys, T: Deref + Sync
        }
 
        fn block_disconnected(&self, header: &BlockHeader, disconnected_height: u32) {
-               let block_hash = header.bitcoin_hash();
                let mut monitors = self.monitors.lock().unwrap();
                for monitor in monitors.values_mut() {
-                       monitor.block_disconnected(disconnected_height, &block_hash, &*self.broadcaster, &*self.fee_estimator, &*self.logger);
+                       monitor.block_disconnected(header, disconnected_height, &*self.broadcaster, &*self.fee_estimator, &*self.logger);
                }
        }
 }
@@ -279,6 +310,7 @@ impl<Key : Send + cmp::Eq + hash::Hash + 'static, ChanSigner: ChannelKeys, T: De
        pub fn new(chain_monitor: C, broadcaster: T, logger: L, feeest: F) -> SimpleManyChannelMonitor<Key, ChanSigner, T, F, L, C> {
                let res = SimpleManyChannelMonitor {
                        monitors: Mutex::new(HashMap::new()),
+                       watch_events: Mutex::new(WatchEventQueue::new()),
                        chain_monitor,
                        broadcaster,
                        logger,
@@ -290,17 +322,21 @@ impl<Key : Send + cmp::Eq + hash::Hash + 'static, ChanSigner: ChannelKeys, T: De
 
        /// Adds or updates the monitor which monitors the channel referred to by the given key.
        pub fn add_monitor_by_key(&self, key: Key, monitor: ChannelMonitor<ChanSigner>) -> Result<(), MonitorUpdateError> {
+               let mut watch_events = self.watch_events.lock().unwrap();
                let mut monitors = self.monitors.lock().unwrap();
                let entry = match monitors.entry(key) {
                        hash_map::Entry::Occupied(_) => return Err(MonitorUpdateError("Channel monitor for given key is already present")),
                        hash_map::Entry::Vacant(e) => e,
                };
-               log_trace!(self.logger, "Got new Channel Monitor for channel {}", log_bytes!(monitor.funding_info.0.to_channel_id()[..]));
-               self.chain_monitor.install_watch_tx(&monitor.funding_info.0.txid, &monitor.funding_info.1);
-               self.chain_monitor.install_watch_outpoint((monitor.funding_info.0.txid, monitor.funding_info.0.index as u32), &monitor.funding_info.1);
-               for (txid, outputs) in monitor.get_outputs_to_watch().iter() {
-                       for (idx, script) in outputs.iter().enumerate() {
-                               self.chain_monitor.install_watch_outpoint((*txid, idx as u32), script);
+               {
+                       let funding_txo = monitor.get_funding_txo();
+                       log_trace!(self.logger, "Got new Channel Monitor for channel {}", log_bytes!(funding_txo.0.to_channel_id()[..]));
+                       watch_events.watch_tx(&funding_txo.0.txid, &funding_txo.1);
+                       watch_events.watch_output((&funding_txo.0.txid, funding_txo.0.index as usize), &funding_txo.1);
+                       for (txid, outputs) in monitor.get_outputs_to_watch().iter() {
+                               for (idx, script) in outputs.iter().enumerate() {
+                                       watch_events.watch_output((txid, idx), script);
+                               }
                        }
                }
                entry.insert(monitor);
@@ -320,12 +356,14 @@ impl<Key : Send + cmp::Eq + hash::Hash + 'static, ChanSigner: ChannelKeys, T: De
        }
 }
 
-impl<ChanSigner: ChannelKeys, T: Deref + Sync + Send, F: Deref + Sync + Send, L: Deref + Sync + Send, C: Deref + Sync + Send> ManyChannelMonitor<ChanSigner> for SimpleManyChannelMonitor<OutPoint, ChanSigner, T, F, L, C>
+impl<ChanSigner: ChannelKeys, T: Deref + Sync + Send, F: Deref + Sync + Send, L: Deref + Sync + Send, C: Deref + Sync + Send> ManyChannelMonitor for SimpleManyChannelMonitor<OutPoint, ChanSigner, T, F, L, C>
        where T::Target: BroadcasterInterface,
              F::Target: FeeEstimator,
              L::Target: Logger,
         C::Target: ChainWatchInterface,
 {
+       type Keys = ChanSigner;
+
        fn add_monitor(&self, funding_txo: OutPoint, monitor: ChannelMonitor<ChanSigner>) -> Result<(), ChannelMonitorUpdateErr> {
                match self.add_monitor_by_key(funding_txo, monitor) {
                        Ok(_) => Ok(()),
@@ -340,12 +378,12 @@ impl<ChanSigner: ChannelKeys, T: Deref + Sync + Send, F: Deref + Sync + Send, L:
                }
        }
 
-       fn get_and_clear_pending_htlcs_updated(&self) -> Vec<HTLCUpdate> {
-               let mut pending_htlcs_updated = Vec::new();
+       fn get_and_clear_pending_monitor_events(&self) -> Vec<MonitorEvent> {
+               let mut pending_monitor_events = Vec::new();
                for chan in self.monitors.lock().unwrap().values_mut() {
-                       pending_htlcs_updated.append(&mut chan.get_and_clear_pending_htlcs_updated());
+                       pending_monitor_events.append(&mut chan.get_and_clear_pending_monitor_events());
                }
-               pending_htlcs_updated
+               pending_monitor_events
        }
 }
 
@@ -355,7 +393,7 @@ impl<Key : Send + cmp::Eq + hash::Hash, ChanSigner: ChannelKeys, T: Deref, F: De
              L::Target: Logger,
         C::Target: ChainWatchInterface,
 {
-       fn get_and_clear_pending_events(&self) -> Vec<events::Event> {
+       fn get_and_clear_pending_events(&self) -> Vec<Event> {
                let mut pending_events = Vec::new();
                for chan in self.monitors.lock().unwrap().values_mut() {
                        pending_events.append(&mut chan.get_and_clear_pending_events());
@@ -364,6 +402,17 @@ impl<Key : Send + cmp::Eq + hash::Hash, ChanSigner: ChannelKeys, T: Deref, F: De
        }
 }
 
+impl<Key : Send + cmp::Eq + hash::Hash, ChanSigner: ChannelKeys, T: Deref, F: Deref, L: Deref, C: Deref> chain::WatchEventProvider for SimpleManyChannelMonitor<Key, ChanSigner, T, F, L, C>
+       where T::Target: BroadcasterInterface,
+             F::Target: FeeEstimator,
+             L::Target: Logger,
+        C::Target: ChainWatchInterface,
+{
+       fn release_pending_watch_events(&self) -> Vec<chain::WatchEvent> {
+               self.watch_events.lock().unwrap().dequeue_events()
+       }
+}
+
 /// If an HTLC expires within this many blocks, don't try to claim it in a shared transaction,
 /// instead claiming it in its own individual transaction.
 pub(crate) const CLTV_SHARED_CLAIM_BUFFER: u32 = 12;
@@ -416,7 +465,7 @@ pub(crate) const ANTI_REORG_DELAY: u32 = 6;
 pub(crate) const HTLC_FAIL_BACK_BUFFER: u32 = CLTV_CLAIM_BUFFER + LATENCY_GRACE_PERIOD_BLOCKS;
 
 #[derive(Clone, PartialEq)]
-struct LocalSignedTx {
+struct HolderSignedTx {
        /// txid of the transaction in tx, just used to make comparison faster
        txid: Txid,
        revocation_key: PublicKey,
@@ -424,25 +473,25 @@ struct LocalSignedTx {
        b_htlc_key: PublicKey,
        delayed_payment_key: PublicKey,
        per_commitment_point: PublicKey,
-       feerate_per_kw: u64,
+       feerate_per_kw: u32,
        htlc_outputs: Vec<(HTLCOutputInCommitment, Option<Signature>, Option<HTLCSource>)>,
 }
 
-/// We use this to track remote commitment transactions and htlcs outputs and
+/// We use this to track counterparty commitment transactions and htlcs outputs and
 /// use it to generate any justice or 2nd-stage preimage/timeout transactions.
 #[derive(PartialEq)]
-struct RemoteCommitmentTransaction {
-       remote_delayed_payment_base_key: PublicKey,
-       remote_htlc_base_key: PublicKey,
-       on_remote_tx_csv: u16,
+struct CounterpartyCommitmentTransaction {
+       counterparty_delayed_payment_base_key: PublicKey,
+       counterparty_htlc_base_key: PublicKey,
+       on_counterparty_tx_csv: u16,
        per_htlc: HashMap<Txid, Vec<HTLCOutputInCommitment>>
 }
 
-impl Writeable for RemoteCommitmentTransaction {
+impl Writeable for CounterpartyCommitmentTransaction {
        fn write<W: Writer>(&self, w: &mut W) -> Result<(), ::std::io::Error> {
-               self.remote_delayed_payment_base_key.write(w)?;
-               self.remote_htlc_base_key.write(w)?;
-               w.write_all(&byte_utils::be16_to_array(self.on_remote_tx_csv))?;
+               self.counterparty_delayed_payment_base_key.write(w)?;
+               self.counterparty_htlc_base_key.write(w)?;
+               w.write_all(&byte_utils::be16_to_array(self.on_counterparty_tx_csv))?;
                w.write_all(&byte_utils::be64_to_array(self.per_htlc.len() as u64))?;
                for (ref txid, ref htlcs) in self.per_htlc.iter() {
                        w.write_all(&txid[..])?;
@@ -454,12 +503,12 @@ impl Writeable for RemoteCommitmentTransaction {
                Ok(())
        }
 }
-impl Readable for RemoteCommitmentTransaction {
+impl Readable for CounterpartyCommitmentTransaction {
        fn read<R: ::std::io::Read>(r: &mut R) -> Result<Self, DecodeError> {
-               let remote_commitment_transaction = {
-                       let remote_delayed_payment_base_key = Readable::read(r)?;
-                       let remote_htlc_base_key = Readable::read(r)?;
-                       let on_remote_tx_csv: u16 = Readable::read(r)?;
+               let counterparty_commitment_transaction = {
+                       let counterparty_delayed_payment_base_key = Readable::read(r)?;
+                       let counterparty_htlc_base_key = Readable::read(r)?;
+                       let on_counterparty_tx_csv: u16 = Readable::read(r)?;
                        let per_htlc_len: u64 = Readable::read(r)?;
                        let mut per_htlc = HashMap::with_capacity(cmp::min(per_htlc_len as usize, MAX_ALLOC_SIZE / 64));
                        for _  in 0..per_htlc_len {
@@ -474,14 +523,14 @@ impl Readable for RemoteCommitmentTransaction {
                                        return Err(DecodeError::InvalidValue);
                                }
                        }
-                       RemoteCommitmentTransaction {
-                               remote_delayed_payment_base_key,
-                               remote_htlc_base_key,
-                               on_remote_tx_csv,
+                       CounterpartyCommitmentTransaction {
+                               counterparty_delayed_payment_base_key,
+                               counterparty_htlc_base_key,
+                               on_counterparty_tx_csv,
                                per_htlc,
                        }
                };
-               Ok(remote_commitment_transaction)
+               Ok(counterparty_commitment_transaction)
        }
 }
 
@@ -492,22 +541,22 @@ impl Readable for RemoteCommitmentTransaction {
 pub(crate) enum InputMaterial {
        Revoked {
                per_commitment_point: PublicKey,
-               remote_delayed_payment_base_key: PublicKey,
-               remote_htlc_base_key: PublicKey,
+               counterparty_delayed_payment_base_key: PublicKey,
+               counterparty_htlc_base_key: PublicKey,
                per_commitment_key: SecretKey,
                input_descriptor: InputDescriptors,
                amount: u64,
                htlc: Option<HTLCOutputInCommitment>,
-               on_remote_tx_csv: u16,
+               on_counterparty_tx_csv: u16,
        },
-       RemoteHTLC {
+       CounterpartyHTLC {
                per_commitment_point: PublicKey,
-               remote_delayed_payment_base_key: PublicKey,
-               remote_htlc_base_key: PublicKey,
+               counterparty_delayed_payment_base_key: PublicKey,
+               counterparty_htlc_base_key: PublicKey,
                preimage: Option<PaymentPreimage>,
                htlc: HTLCOutputInCommitment
        },
-       LocalHTLC {
+       HolderHTLC {
                preimage: Option<PaymentPreimage>,
                amount: u64,
        },
@@ -519,26 +568,26 @@ pub(crate) enum InputMaterial {
 impl Writeable for InputMaterial  {
        fn write<W: Writer>(&self, writer: &mut W) -> Result<(), ::std::io::Error> {
                match self {
-                       &InputMaterial::Revoked { ref per_commitment_point, ref remote_delayed_payment_base_key, ref remote_htlc_base_key, ref per_commitment_key, ref input_descriptor, ref amount, ref htlc, ref on_remote_tx_csv} => {
+                       &InputMaterial::Revoked { ref per_commitment_point, ref counterparty_delayed_payment_base_key, ref counterparty_htlc_base_key, ref per_commitment_key, ref input_descriptor, ref amount, ref htlc, ref on_counterparty_tx_csv} => {
                                writer.write_all(&[0; 1])?;
                                per_commitment_point.write(writer)?;
-                               remote_delayed_payment_base_key.write(writer)?;
-                               remote_htlc_base_key.write(writer)?;
+                               counterparty_delayed_payment_base_key.write(writer)?;
+                               counterparty_htlc_base_key.write(writer)?;
                                writer.write_all(&per_commitment_key[..])?;
                                input_descriptor.write(writer)?;
                                writer.write_all(&byte_utils::be64_to_array(*amount))?;
                                htlc.write(writer)?;
-                               on_remote_tx_csv.write(writer)?;
+                               on_counterparty_tx_csv.write(writer)?;
                        },
-                       &InputMaterial::RemoteHTLC { ref per_commitment_point, ref remote_delayed_payment_base_key, ref remote_htlc_base_key, ref preimage, ref htlc} => {
+                       &InputMaterial::CounterpartyHTLC { ref per_commitment_point, ref counterparty_delayed_payment_base_key, ref counterparty_htlc_base_key, ref preimage, ref htlc} => {
                                writer.write_all(&[1; 1])?;
                                per_commitment_point.write(writer)?;
-                               remote_delayed_payment_base_key.write(writer)?;
-                               remote_htlc_base_key.write(writer)?;
+                               counterparty_delayed_payment_base_key.write(writer)?;
+                               counterparty_htlc_base_key.write(writer)?;
                                preimage.write(writer)?;
                                htlc.write(writer)?;
                        },
-                       &InputMaterial::LocalHTLC { ref preimage, ref amount } => {
+                       &InputMaterial::HolderHTLC { ref preimage, ref amount } => {
                                writer.write_all(&[2; 1])?;
                                preimage.write(writer)?;
                                writer.write_all(&byte_utils::be64_to_array(*amount))?;
@@ -557,34 +606,34 @@ impl Readable for InputMaterial {
                let input_material = match <u8 as Readable>::read(reader)? {
                        0 => {
                                let per_commitment_point = Readable::read(reader)?;
-                               let remote_delayed_payment_base_key = Readable::read(reader)?;
-                               let remote_htlc_base_key = Readable::read(reader)?;
+                               let counterparty_delayed_payment_base_key = Readable::read(reader)?;
+                               let counterparty_htlc_base_key = Readable::read(reader)?;
                                let per_commitment_key = Readable::read(reader)?;
                                let input_descriptor = Readable::read(reader)?;
                                let amount = Readable::read(reader)?;
                                let htlc = Readable::read(reader)?;
-                               let on_remote_tx_csv = Readable::read(reader)?;
+                               let on_counterparty_tx_csv = Readable::read(reader)?;
                                InputMaterial::Revoked {
                                        per_commitment_point,
-                                       remote_delayed_payment_base_key,
-                                       remote_htlc_base_key,
+                                       counterparty_delayed_payment_base_key,
+                                       counterparty_htlc_base_key,
                                        per_commitment_key,
                                        input_descriptor,
                                        amount,
                                        htlc,
-                                       on_remote_tx_csv
+                                       on_counterparty_tx_csv
                                }
                        },
                        1 => {
                                let per_commitment_point = Readable::read(reader)?;
-                               let remote_delayed_payment_base_key = Readable::read(reader)?;
-                               let remote_htlc_base_key = Readable::read(reader)?;
+                               let counterparty_delayed_payment_base_key = Readable::read(reader)?;
+                               let counterparty_htlc_base_key = Readable::read(reader)?;
                                let preimage = Readable::read(reader)?;
                                let htlc = Readable::read(reader)?;
-                               InputMaterial::RemoteHTLC {
+                               InputMaterial::CounterpartyHTLC {
                                        per_commitment_point,
-                                       remote_delayed_payment_base_key,
-                                       remote_htlc_base_key,
+                                       counterparty_delayed_payment_base_key,
+                                       counterparty_htlc_base_key,
                                        preimage,
                                        htlc
                                }
@@ -592,7 +641,7 @@ impl Readable for InputMaterial {
                        2 => {
                                let preimage = Readable::read(reader)?;
                                let amount = Readable::read(reader)?;
-                               InputMaterial::LocalHTLC {
+                               InputMaterial::HolderHTLC {
                                        preimage,
                                        amount,
                                }
@@ -651,11 +700,11 @@ const MIN_SERIALIZATION_VERSION: u8 = 1;
 #[cfg_attr(test, derive(PartialEq))]
 #[derive(Clone)]
 pub(super) enum ChannelMonitorUpdateStep {
-       LatestLocalCommitmentTXInfo {
-               commitment_tx: LocalCommitmentTransaction,
+       LatestHolderCommitmentTXInfo {
+               commitment_tx: HolderCommitmentTransaction,
                htlc_outputs: Vec<(HTLCOutputInCommitment, Option<Signature>, Option<HTLCSource>)>,
        },
-       LatestRemoteCommitmentTXInfo {
+       LatestCounterpartyCommitmentTXInfo {
                unsigned_commitment_tx: Transaction, // TODO: We should actually only need the txid here
                htlc_outputs: Vec<(HTLCOutputInCommitment, Option<Box<HTLCSource>>)>,
                commitment_number: u64,
@@ -668,10 +717,10 @@ pub(super) enum ChannelMonitorUpdateStep {
                idx: u64,
                secret: [u8; 32],
        },
-       /// Used to indicate that the no future updates will occur, and likely that the latest local
+       /// Used to indicate that the no future updates will occur, and likely that the latest holder
        /// commitment transaction(s) should be broadcast, as the channel has been force-closed.
        ChannelForceClosed {
-               /// If set to false, we shouldn't broadcast the latest local commitment transaction as we
+               /// If set to false, we shouldn't broadcast the latest holder commitment transaction as we
                /// think we've fallen behind!
                should_broadcast: bool,
        },
@@ -680,7 +729,7 @@ pub(super) enum ChannelMonitorUpdateStep {
 impl Writeable for ChannelMonitorUpdateStep {
        fn write<W: Writer>(&self, w: &mut W) -> Result<(), ::std::io::Error> {
                match self {
-                       &ChannelMonitorUpdateStep::LatestLocalCommitmentTXInfo { ref commitment_tx, ref htlc_outputs } => {
+                       &ChannelMonitorUpdateStep::LatestHolderCommitmentTXInfo { ref commitment_tx, ref htlc_outputs } => {
                                0u8.write(w)?;
                                commitment_tx.write(w)?;
                                (htlc_outputs.len() as u64).write(w)?;
@@ -690,7 +739,7 @@ impl Writeable for ChannelMonitorUpdateStep {
                                        source.write(w)?;
                                }
                        }
-                       &ChannelMonitorUpdateStep::LatestRemoteCommitmentTXInfo { ref unsigned_commitment_tx, ref htlc_outputs, ref commitment_number, ref their_revocation_point } => {
+                       &ChannelMonitorUpdateStep::LatestCounterpartyCommitmentTXInfo { ref unsigned_commitment_tx, ref htlc_outputs, ref commitment_number, ref their_revocation_point } => {
                                1u8.write(w)?;
                                unsigned_commitment_tx.write(w)?;
                                commitment_number.write(w)?;
@@ -722,7 +771,7 @@ impl Readable for ChannelMonitorUpdateStep {
        fn read<R: ::std::io::Read>(r: &mut R) -> Result<Self, DecodeError> {
                match Readable::read(r)? {
                        0u8 => {
-                               Ok(ChannelMonitorUpdateStep::LatestLocalCommitmentTXInfo {
+                               Ok(ChannelMonitorUpdateStep::LatestHolderCommitmentTXInfo {
                                        commitment_tx: Readable::read(r)?,
                                        htlc_outputs: {
                                                let len: u64 = Readable::read(r)?;
@@ -735,7 +784,7 @@ impl Readable for ChannelMonitorUpdateStep {
                                })
                        },
                        1u8 => {
-                               Ok(ChannelMonitorUpdateStep::LatestRemoteCommitmentTXInfo {
+                               Ok(ChannelMonitorUpdateStep::LatestCounterpartyCommitmentTXInfo {
                                        unsigned_commitment_tx: Readable::read(r)?,
                                        commitment_number: Readable::read(r)?,
                                        their_revocation_point: Readable::read(r)?,
@@ -777,7 +826,7 @@ impl Readable for ChannelMonitorUpdateStep {
 /// information and are actively monitoring the chain.
 ///
 /// Pending Events or updated HTLCs which have not yet been read out by
-/// get_and_clear_pending_htlcs_updated or get_and_clear_pending_events are serialized to disk and
+/// get_and_clear_pending_monitor_events or get_and_clear_pending_events are serialized to disk and
 /// reloaded at deserialize-time. Thus, you must ensure that, when handling events, all events
 /// gotten are fully handled before re-serializing the new state.
 pub struct ChannelMonitor<ChanSigner: ChannelKeys> {
@@ -785,55 +834,55 @@ pub struct ChannelMonitor<ChanSigner: ChannelKeys> {
        commitment_transaction_number_obscure_factor: u64,
 
        destination_script: Script,
-       broadcasted_local_revokable_script: Option<(Script, PublicKey, PublicKey)>,
-       remote_payment_script: Script,
+       broadcasted_holder_revokable_script: Option<(Script, PublicKey, PublicKey)>,
+       counterparty_payment_script: Script,
        shutdown_script: Script,
 
        keys: ChanSigner,
        funding_info: (OutPoint, Script),
-       current_remote_commitment_txid: Option<Txid>,
-       prev_remote_commitment_txid: Option<Txid>,
+       current_counterparty_commitment_txid: Option<Txid>,
+       prev_counterparty_commitment_txid: Option<Txid>,
 
-       remote_tx_cache: RemoteCommitmentTransaction,
+       counterparty_tx_cache: CounterpartyCommitmentTransaction,
        funding_redeemscript: Script,
        channel_value_satoshis: u64,
        // first is the idx of the first of the two revocation points
        their_cur_revocation_points: Option<(u64, PublicKey, Option<PublicKey>)>,
 
-       on_local_tx_csv: u16,
+       on_holder_tx_csv: u16,
 
        commitment_secrets: CounterpartyCommitmentSecrets,
-       remote_claimable_outpoints: HashMap<Txid, Vec<(HTLCOutputInCommitment, Option<Box<HTLCSource>>)>>,
+       counterparty_claimable_outpoints: HashMap<Txid, Vec<(HTLCOutputInCommitment, Option<Box<HTLCSource>>)>>,
        /// We cannot identify HTLC-Success or HTLC-Timeout transactions by themselves on the chain.
        /// Nor can we figure out their commitment numbers without the commitment transaction they are
-       /// spending. Thus, in order to claim them via revocation key, we track all the remote
+       /// spending. Thus, in order to claim them via revocation key, we track all the counterparty
        /// commitment transactions which we find on-chain, mapping them to the commitment number which
        /// can be used to derive the revocation key and claim the transactions.
-       remote_commitment_txn_on_chain: HashMap<Txid, (u64, Vec<Script>)>,
+       counterparty_commitment_txn_on_chain: HashMap<Txid, (u64, Vec<Script>)>,
        /// Cache used to make pruning of payment_preimages faster.
-       /// Maps payment_hash values to commitment numbers for remote transactions for non-revoked
-       /// remote transactions (ie should remain pretty small).
+       /// Maps payment_hash values to commitment numbers for counterparty transactions for non-revoked
+       /// counterparty transactions (ie should remain pretty small).
        /// Serialized to disk but should generally not be sent to Watchtowers.
-       remote_hash_commitment_number: HashMap<PaymentHash, u64>,
+       counterparty_hash_commitment_number: HashMap<PaymentHash, u64>,
 
-       // We store two local commitment transactions to avoid any race conditions where we may update
+       // We store two holder commitment transactions to avoid any race conditions where we may update
        // some monitors (potentially on watchtowers) but then fail to update others, resulting in the
-       // various monitors for one channel being out of sync, and us broadcasting a local
+       // various monitors for one channel being out of sync, and us broadcasting a holder
        // transaction for which we have deleted claim information on some watchtowers.
-       prev_local_signed_commitment_tx: Option<LocalSignedTx>,
-       current_local_commitment_tx: LocalSignedTx,
+       prev_holder_signed_commitment_tx: Option<HolderSignedTx>,
+       current_holder_commitment_tx: HolderSignedTx,
 
        // Used just for ChannelManager to make sure it has the latest channel data during
        // deserialization
-       current_remote_commitment_number: u64,
+       current_counterparty_commitment_number: u64,
        // Used just for ChannelManager to make sure it has the latest channel data during
        // deserialization
-       current_local_commitment_number: u64,
+       current_holder_commitment_number: u64,
 
        payment_preimages: HashMap<PaymentHash, PaymentPreimage>,
 
-       pending_htlcs_updated: Vec<HTLCUpdate>,
-       pending_events: Vec<events::Event>,
+       pending_monitor_events: Vec<MonitorEvent>,
+       pending_events: Vec<Event>,
 
        // Used to track onchain events, i.e transactions parts of channels confirmed on chain, on which
        // we have to take actions once they reach enough confs. Key is a block height timer, i.e we enforce
@@ -852,24 +901,81 @@ pub struct ChannelMonitor<ChanSigner: ChannelKeys> {
        onchain_tx_handler: OnchainTxHandler<ChanSigner>,
 
        // This is set when the Channel[Manager] generated a ChannelMonitorUpdate which indicated the
-       // channel has been force-closed. After this is set, no further local commitment transaction
+       // channel has been force-closed. After this is set, no further holder commitment transaction
        // updates may occur, and we panic!() if one is provided.
        lockdown_from_offchain: bool,
 
-       // Set once we've signed a local commitment transaction and handed it over to our
-       // OnchainTxHandler. After this is set, no future updates to our local commitment transactions
+       // Set once we've signed a holder commitment transaction and handed it over to our
+       // OnchainTxHandler. After this is set, no future updates to our holder commitment transactions
        // may occur, and we fail any such monitor updates.
-       local_tx_signed: bool,
+       //
+       // In case of update rejection due to a locally already signed commitment transaction, we
+       // nevertheless store update content to track in case of concurrent broadcast by another
+       // remote monitor out-of-order with regards to the block view.
+       holder_tx_signed: bool,
 
        // We simply modify last_block_hash in Channel's block_connected so that serialization is
        // consistent but hopefully the users' copy handles block_connected in a consistent way.
        // (we do *not*, however, update them in update_monitor to ensure any local user copies keep
        // their last_block_hash from its state and not based on updated copies that didn't run through
        // the full block_connected).
-       pub(crate) last_block_hash: BlockHash,
+       last_block_hash: BlockHash,
        secp_ctx: Secp256k1<secp256k1::All>, //TODO: dedup this a bit...
 }
 
+/// Simple trait indicating ability to track a set of ChannelMonitors and multiplex events between
+/// them. Generally should be implemented by keeping a local SimpleManyChannelMonitor and passing
+/// events to it, while also taking any add/update_monitor events and passing them to some remote
+/// server(s).
+///
+/// In general, you must always have at least one local copy in memory, which must never fail to
+/// update (as it is responsible for broadcasting the latest state in case the channel is closed),
+/// and then persist it to various on-disk locations. If, for some reason, the in-memory copy fails
+/// to update (eg out-of-memory or some other condition), you must immediately shut down without
+/// taking any further action such as writing the current state to disk. This should likely be
+/// accomplished via panic!() or abort().
+///
+/// Note that any updates to a channel's monitor *must* be applied to each instance of the
+/// channel's monitor everywhere (including remote watchtowers) *before* this function returns. If
+/// an update occurs and a remote watchtower is left with old state, it may broadcast transactions
+/// which we have revoked, allowing our counterparty to claim all funds in the channel!
+///
+/// User needs to notify implementors of ManyChannelMonitor when a new block is connected or
+/// disconnected using their `block_connected` and `block_disconnected` methods. However, rather
+/// than calling these methods directly, the user should register implementors as listeners to the
+/// BlockNotifier and call the BlockNotifier's `block_(dis)connected` methods, which will notify
+/// all registered listeners in one go.
+pub trait ManyChannelMonitor: Send + Sync {
+       /// The concrete type which signs for transactions and provides access to our channel public
+       /// keys.
+       type Keys: ChannelKeys;
+
+       /// Adds a monitor for the given `funding_txo`.
+       ///
+       /// Implementations must ensure that `monitor` receives block_connected calls for blocks with
+       /// the funding transaction or any spends of it, as well as any spends of outputs returned by
+       /// get_outputs_to_watch. Not doing so may result in LOST FUNDS.
+       fn add_monitor(&self, funding_txo: OutPoint, monitor: ChannelMonitor<Self::Keys>) -> Result<(), ChannelMonitorUpdateErr>;
+
+       /// Updates a monitor for the given `funding_txo`.
+       ///
+       /// TODO(jkczyz): Determine where this should go from e73036c6845fd3cc16479a1b497db82a5ebb3897.
+       ///
+       /// In case of distributed watchtowers deployment, even if an Err is return, the new version
+       /// must be written to disk, as state may have been stored but rejected due to a block forcing
+       /// a commitment broadcast. This storage is used to claim outputs of rejected state confirmed
+       /// onchain by another watchtower, lagging behind on block processing.
+       fn update_monitor(&self, funding_txo: OutPoint, monitor: ChannelMonitorUpdate) -> Result<(), ChannelMonitorUpdateErr>;
+
+       /// Used by ChannelManager to get list of HTLC resolved onchain and which needed to be updated
+       /// with success or failure.
+       ///
+       /// You should probably just call through to
+       /// ChannelMonitor::get_and_clear_pending_monitor_events() for each ChannelMonitor and return
+       /// the full list.
+       fn get_and_clear_pending_monitor_events(&self) -> Vec<MonitorEvent>;
+}
+
 #[cfg(any(test, feature = "fuzztarget"))]
 /// Used only in testing and fuzztarget to check serialization roundtrips don't change the
 /// underlying object
@@ -878,32 +984,32 @@ impl<ChanSigner: ChannelKeys> PartialEq for ChannelMonitor<ChanSigner> {
                if self.latest_update_id != other.latest_update_id ||
                        self.commitment_transaction_number_obscure_factor != other.commitment_transaction_number_obscure_factor ||
                        self.destination_script != other.destination_script ||
-                       self.broadcasted_local_revokable_script != other.broadcasted_local_revokable_script ||
-                       self.remote_payment_script != other.remote_payment_script ||
+                       self.broadcasted_holder_revokable_script != other.broadcasted_holder_revokable_script ||
+                       self.counterparty_payment_script != other.counterparty_payment_script ||
                        self.keys.pubkeys() != other.keys.pubkeys() ||
                        self.funding_info != other.funding_info ||
-                       self.current_remote_commitment_txid != other.current_remote_commitment_txid ||
-                       self.prev_remote_commitment_txid != other.prev_remote_commitment_txid ||
-                       self.remote_tx_cache != other.remote_tx_cache ||
+                       self.current_counterparty_commitment_txid != other.current_counterparty_commitment_txid ||
+                       self.prev_counterparty_commitment_txid != other.prev_counterparty_commitment_txid ||
+                       self.counterparty_tx_cache != other.counterparty_tx_cache ||
                        self.funding_redeemscript != other.funding_redeemscript ||
                        self.channel_value_satoshis != other.channel_value_satoshis ||
                        self.their_cur_revocation_points != other.their_cur_revocation_points ||
-                       self.on_local_tx_csv != other.on_local_tx_csv ||
+                       self.on_holder_tx_csv != other.on_holder_tx_csv ||
                        self.commitment_secrets != other.commitment_secrets ||
-                       self.remote_claimable_outpoints != other.remote_claimable_outpoints ||
-                       self.remote_commitment_txn_on_chain != other.remote_commitment_txn_on_chain ||
-                       self.remote_hash_commitment_number != other.remote_hash_commitment_number ||
-                       self.prev_local_signed_commitment_tx != other.prev_local_signed_commitment_tx ||
-                       self.current_remote_commitment_number != other.current_remote_commitment_number ||
-                       self.current_local_commitment_number != other.current_local_commitment_number ||
-                       self.current_local_commitment_tx != other.current_local_commitment_tx ||
+                       self.counterparty_claimable_outpoints != other.counterparty_claimable_outpoints ||
+                       self.counterparty_commitment_txn_on_chain != other.counterparty_commitment_txn_on_chain ||
+                       self.counterparty_hash_commitment_number != other.counterparty_hash_commitment_number ||
+                       self.prev_holder_signed_commitment_tx != other.prev_holder_signed_commitment_tx ||
+                       self.current_counterparty_commitment_number != other.current_counterparty_commitment_number ||
+                       self.current_holder_commitment_number != other.current_holder_commitment_number ||
+                       self.current_holder_commitment_tx != other.current_holder_commitment_tx ||
                        self.payment_preimages != other.payment_preimages ||
-                       self.pending_htlcs_updated != other.pending_htlcs_updated ||
+                       self.pending_monitor_events != other.pending_monitor_events ||
                        self.pending_events.len() != other.pending_events.len() || // We trust events to round-trip properly
                        self.onchain_events_waiting_threshold_conf != other.onchain_events_waiting_threshold_conf ||
                        self.outputs_to_watch != other.outputs_to_watch ||
                        self.lockdown_from_offchain != other.lockdown_from_offchain ||
-                       self.local_tx_signed != other.local_tx_signed
+                       self.holder_tx_signed != other.holder_tx_signed
                {
                        false
                } else {
@@ -920,7 +1026,7 @@ impl<ChanSigner: ChannelKeys + Writeable> ChannelMonitor<ChanSigner> {
        /// the "reorg path" (ie disconnecting blocks until you find a common ancestor from both the
        /// returned block hash and the the current chain and then reconnecting blocks to get to the
        /// best chain) upon deserializing the object!
-       pub fn write_for_disk<W: Writer>(&self, writer: &mut W) -> Result<(), ::std::io::Error> {
+       pub fn write_for_disk<W: Writer>(&self, writer: &mut W) -> Result<(), Error> {
                //TODO: We still write out all the serialization here manually instead of using the fancy
                //serialization framework we have, we should migrate things over to it.
                writer.write_all(&[SERIALIZATION_VERSION; 1])?;
@@ -932,26 +1038,26 @@ impl<ChanSigner: ChannelKeys + Writeable> ChannelMonitor<ChanSigner> {
                U48(self.commitment_transaction_number_obscure_factor).write(writer)?;
 
                self.destination_script.write(writer)?;
-               if let Some(ref broadcasted_local_revokable_script) = self.broadcasted_local_revokable_script {
+               if let Some(ref broadcasted_holder_revokable_script) = self.broadcasted_holder_revokable_script {
                        writer.write_all(&[0; 1])?;
-                       broadcasted_local_revokable_script.0.write(writer)?;
-                       broadcasted_local_revokable_script.1.write(writer)?;
-                       broadcasted_local_revokable_script.2.write(writer)?;
+                       broadcasted_holder_revokable_script.0.write(writer)?;
+                       broadcasted_holder_revokable_script.1.write(writer)?;
+                       broadcasted_holder_revokable_script.2.write(writer)?;
                } else {
                        writer.write_all(&[1; 1])?;
                }
 
-               self.remote_payment_script.write(writer)?;
+               self.counterparty_payment_script.write(writer)?;
                self.shutdown_script.write(writer)?;
 
                self.keys.write(writer)?;
                writer.write_all(&self.funding_info.0.txid[..])?;
                writer.write_all(&byte_utils::be16_to_array(self.funding_info.0.index))?;
                self.funding_info.1.write(writer)?;
-               self.current_remote_commitment_txid.write(writer)?;
-               self.prev_remote_commitment_txid.write(writer)?;
+               self.current_counterparty_commitment_txid.write(writer)?;
+               self.prev_counterparty_commitment_txid.write(writer)?;
 
-               self.remote_tx_cache.write(writer)?;
+               self.counterparty_tx_cache.write(writer)?;
                self.funding_redeemscript.write(writer)?;
                self.channel_value_satoshis.write(writer)?;
 
@@ -973,7 +1079,7 @@ impl<ChanSigner: ChannelKeys + Writeable> ChannelMonitor<ChanSigner> {
                        },
                }
 
-               writer.write_all(&byte_utils::be16_to_array(self.on_local_tx_csv))?;
+               writer.write_all(&byte_utils::be16_to_array(self.on_holder_tx_csv))?;
 
                self.commitment_secrets.write(writer)?;
 
@@ -987,8 +1093,8 @@ impl<ChanSigner: ChannelKeys + Writeable> ChannelMonitor<ChanSigner> {
                        }
                }
 
-               writer.write_all(&byte_utils::be64_to_array(self.remote_claimable_outpoints.len() as u64))?;
-               for (ref txid, ref htlc_infos) in self.remote_claimable_outpoints.iter() {
+               writer.write_all(&byte_utils::be64_to_array(self.counterparty_claimable_outpoints.len() as u64))?;
+               for (ref txid, ref htlc_infos) in self.counterparty_claimable_outpoints.iter() {
                        writer.write_all(&txid[..])?;
                        writer.write_all(&byte_utils::be64_to_array(htlc_infos.len() as u64))?;
                        for &(ref htlc_output, ref htlc_source) in htlc_infos.iter() {
@@ -997,8 +1103,8 @@ impl<ChanSigner: ChannelKeys + Writeable> ChannelMonitor<ChanSigner> {
                        }
                }
 
-               writer.write_all(&byte_utils::be64_to_array(self.remote_commitment_txn_on_chain.len() as u64))?;
-               for (ref txid, &(commitment_number, ref txouts)) in self.remote_commitment_txn_on_chain.iter() {
+               writer.write_all(&byte_utils::be64_to_array(self.counterparty_commitment_txn_on_chain.len() as u64))?;
+               for (ref txid, &(commitment_number, ref txouts)) in self.counterparty_commitment_txn_on_chain.iter() {
                        writer.write_all(&txid[..])?;
                        writer.write_all(&byte_utils::be48_to_array(commitment_number))?;
                        (txouts.len() as u64).write(writer)?;
@@ -1007,24 +1113,24 @@ impl<ChanSigner: ChannelKeys + Writeable> ChannelMonitor<ChanSigner> {
                        }
                }
 
-               writer.write_all(&byte_utils::be64_to_array(self.remote_hash_commitment_number.len() as u64))?;
-               for (ref payment_hash, commitment_number) in self.remote_hash_commitment_number.iter() {
+               writer.write_all(&byte_utils::be64_to_array(self.counterparty_hash_commitment_number.len() as u64))?;
+               for (ref payment_hash, commitment_number) in self.counterparty_hash_commitment_number.iter() {
                        writer.write_all(&payment_hash.0[..])?;
                        writer.write_all(&byte_utils::be48_to_array(*commitment_number))?;
                }
 
-               macro_rules! serialize_local_tx {
-                       ($local_tx: expr) => {
-                               $local_tx.txid.write(writer)?;
-                               writer.write_all(&$local_tx.revocation_key.serialize())?;
-                               writer.write_all(&$local_tx.a_htlc_key.serialize())?;
-                               writer.write_all(&$local_tx.b_htlc_key.serialize())?;
-                               writer.write_all(&$local_tx.delayed_payment_key.serialize())?;
-                               writer.write_all(&$local_tx.per_commitment_point.serialize())?;
+               macro_rules! serialize_holder_tx {
+                       ($holder_tx: expr) => {
+                               $holder_tx.txid.write(writer)?;
+                               writer.write_all(&$holder_tx.revocation_key.serialize())?;
+                               writer.write_all(&$holder_tx.a_htlc_key.serialize())?;
+                               writer.write_all(&$holder_tx.b_htlc_key.serialize())?;
+                               writer.write_all(&$holder_tx.delayed_payment_key.serialize())?;
+                               writer.write_all(&$holder_tx.per_commitment_point.serialize())?;
 
-                               writer.write_all(&byte_utils::be64_to_array($local_tx.feerate_per_kw))?;
-                               writer.write_all(&byte_utils::be64_to_array($local_tx.htlc_outputs.len() as u64))?;
-                               for &(ref htlc_output, ref sig, ref htlc_source) in $local_tx.htlc_outputs.iter() {
+                               writer.write_all(&byte_utils::be32_to_array($holder_tx.feerate_per_kw))?;
+                               writer.write_all(&byte_utils::be64_to_array($holder_tx.htlc_outputs.len() as u64))?;
+                               for &(ref htlc_output, ref sig, ref htlc_source) in $holder_tx.htlc_outputs.iter() {
                                        serialize_htlc_in_commitment!(htlc_output);
                                        if let &Some(ref their_sig) = sig {
                                                1u8.write(writer)?;
@@ -1037,26 +1143,32 @@ impl<ChanSigner: ChannelKeys + Writeable> ChannelMonitor<ChanSigner> {
                        }
                }
 
-               if let Some(ref prev_local_tx) = self.prev_local_signed_commitment_tx {
+               if let Some(ref prev_holder_tx) = self.prev_holder_signed_commitment_tx {
                        writer.write_all(&[1; 1])?;
-                       serialize_local_tx!(prev_local_tx);
+                       serialize_holder_tx!(prev_holder_tx);
                } else {
                        writer.write_all(&[0; 1])?;
                }
 
-               serialize_local_tx!(self.current_local_commitment_tx);
+               serialize_holder_tx!(self.current_holder_commitment_tx);
 
-               writer.write_all(&byte_utils::be48_to_array(self.current_remote_commitment_number))?;
-               writer.write_all(&byte_utils::be48_to_array(self.current_local_commitment_number))?;
+               writer.write_all(&byte_utils::be48_to_array(self.current_counterparty_commitment_number))?;
+               writer.write_all(&byte_utils::be48_to_array(self.current_holder_commitment_number))?;
 
                writer.write_all(&byte_utils::be64_to_array(self.payment_preimages.len() as u64))?;
                for payment_preimage in self.payment_preimages.values() {
                        writer.write_all(&payment_preimage.0[..])?;
                }
 
-               writer.write_all(&byte_utils::be64_to_array(self.pending_htlcs_updated.len() as u64))?;
-               for data in self.pending_htlcs_updated.iter() {
-                       data.write(writer)?;
+               writer.write_all(&byte_utils::be64_to_array(self.pending_monitor_events.len() as u64))?;
+               for event in self.pending_monitor_events.iter() {
+                       match event {
+                               MonitorEvent::HTLCEvent(upd) => {
+                                       0u8.write(writer)?;
+                                       upd.write(writer)?;
+                               },
+                               MonitorEvent::CommitmentTxBroadcasted(_) => 1u8.write(writer)?
+                       }
                }
 
                writer.write_all(&byte_utils::be64_to_array(self.pending_events.len() as u64))?;
@@ -1096,7 +1208,7 @@ impl<ChanSigner: ChannelKeys + Writeable> ChannelMonitor<ChanSigner> {
                self.onchain_tx_handler.write(writer)?;
 
                self.lockdown_from_offchain.write(writer)?;
-               self.local_tx_signed.write(writer)?;
+               self.holder_tx_signed.write(writer)?;
 
                Ok(())
        }
@@ -1104,74 +1216,69 @@ impl<ChanSigner: ChannelKeys + Writeable> ChannelMonitor<ChanSigner> {
 
 impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
        pub(super) fn new(keys: ChanSigner, shutdown_pubkey: &PublicKey,
-                       on_remote_tx_csv: u16, destination_script: &Script, funding_info: (OutPoint, Script),
-                       remote_htlc_base_key: &PublicKey, remote_delayed_payment_base_key: &PublicKey,
-                       on_local_tx_csv: u16, funding_redeemscript: Script, channel_value_satoshis: u64,
+                       on_counterparty_tx_csv: u16, destination_script: &Script, funding_info: (OutPoint, Script),
+                       counterparty_htlc_base_key: &PublicKey, counterparty_delayed_payment_base_key: &PublicKey,
+                       on_holder_tx_csv: u16, funding_redeemscript: Script, channel_value_satoshis: u64,
                        commitment_transaction_number_obscure_factor: u64,
-                       initial_local_commitment_tx: LocalCommitmentTransaction) -> ChannelMonitor<ChanSigner> {
+                       initial_holder_commitment_tx: HolderCommitmentTransaction) -> ChannelMonitor<ChanSigner> {
 
                assert!(commitment_transaction_number_obscure_factor <= (1 << 48));
                let our_channel_close_key_hash = WPubkeyHash::hash(&shutdown_pubkey.serialize());
                let shutdown_script = Builder::new().push_opcode(opcodes::all::OP_PUSHBYTES_0).push_slice(&our_channel_close_key_hash[..]).into_script();
                let payment_key_hash = WPubkeyHash::hash(&keys.pubkeys().payment_point.serialize());
-               let remote_payment_script = Builder::new().push_opcode(opcodes::all::OP_PUSHBYTES_0).push_slice(&payment_key_hash[..]).into_script();
-
-               let remote_tx_cache = RemoteCommitmentTransaction { remote_delayed_payment_base_key: *remote_delayed_payment_base_key, remote_htlc_base_key: *remote_htlc_base_key, on_remote_tx_csv, per_htlc: HashMap::new() };
-
-               let mut onchain_tx_handler = OnchainTxHandler::new(destination_script.clone(), keys.clone(), on_local_tx_csv);
-
-               let local_tx_sequence = initial_local_commitment_tx.unsigned_tx.input[0].sequence as u64;
-               let local_tx_locktime = initial_local_commitment_tx.unsigned_tx.lock_time as u64;
-               let local_commitment_tx = LocalSignedTx {
-                       txid: initial_local_commitment_tx.txid(),
-                       revocation_key: initial_local_commitment_tx.local_keys.revocation_key,
-                       a_htlc_key: initial_local_commitment_tx.local_keys.a_htlc_key,
-                       b_htlc_key: initial_local_commitment_tx.local_keys.b_htlc_key,
-                       delayed_payment_key: initial_local_commitment_tx.local_keys.a_delayed_payment_key,
-                       per_commitment_point: initial_local_commitment_tx.local_keys.per_commitment_point,
-                       feerate_per_kw: initial_local_commitment_tx.feerate_per_kw,
+               let counterparty_payment_script = Builder::new().push_opcode(opcodes::all::OP_PUSHBYTES_0).push_slice(&payment_key_hash[..]).into_script();
+
+               let counterparty_tx_cache = CounterpartyCommitmentTransaction { counterparty_delayed_payment_base_key: *counterparty_delayed_payment_base_key, counterparty_htlc_base_key: *counterparty_htlc_base_key, on_counterparty_tx_csv, per_htlc: HashMap::new() };
+
+               let mut onchain_tx_handler = OnchainTxHandler::new(destination_script.clone(), keys.clone(), on_holder_tx_csv);
+
+               let holder_tx_sequence = initial_holder_commitment_tx.unsigned_tx.input[0].sequence as u64;
+               let holder_tx_locktime = initial_holder_commitment_tx.unsigned_tx.lock_time as u64;
+               let holder_commitment_tx = HolderSignedTx {
+                       txid: initial_holder_commitment_tx.txid(),
+                       revocation_key: initial_holder_commitment_tx.keys.revocation_key,
+                       a_htlc_key: initial_holder_commitment_tx.keys.broadcaster_htlc_key,
+                       b_htlc_key: initial_holder_commitment_tx.keys.countersignatory_htlc_key,
+                       delayed_payment_key: initial_holder_commitment_tx.keys.broadcaster_delayed_payment_key,
+                       per_commitment_point: initial_holder_commitment_tx.keys.per_commitment_point,
+                       feerate_per_kw: initial_holder_commitment_tx.feerate_per_kw,
                        htlc_outputs: Vec::new(), // There are never any HTLCs in the initial commitment transactions
                };
-               // Returning a monitor error before updating tracking points means in case of using
-               // a concurrent watchtower implementation for same channel, if this one doesn't
-               // reject update as we do, you MAY have the latest local valid commitment tx onchain
-               // for which you want to spend outputs. We're NOT robust again this scenario right
-               // now but we should consider it later.
-               onchain_tx_handler.provide_latest_local_tx(initial_local_commitment_tx).unwrap();
+               onchain_tx_handler.provide_latest_holder_tx(initial_holder_commitment_tx);
 
                ChannelMonitor {
                        latest_update_id: 0,
                        commitment_transaction_number_obscure_factor,
 
                        destination_script: destination_script.clone(),
-                       broadcasted_local_revokable_script: None,
-                       remote_payment_script,
+                       broadcasted_holder_revokable_script: None,
+                       counterparty_payment_script,
                        shutdown_script,
 
                        keys,
                        funding_info,
-                       current_remote_commitment_txid: None,
-                       prev_remote_commitment_txid: None,
+                       current_counterparty_commitment_txid: None,
+                       prev_counterparty_commitment_txid: None,
 
-                       remote_tx_cache,
+                       counterparty_tx_cache,
                        funding_redeemscript,
                        channel_value_satoshis: channel_value_satoshis,
                        their_cur_revocation_points: None,
 
-                       on_local_tx_csv,
+                       on_holder_tx_csv,
 
                        commitment_secrets: CounterpartyCommitmentSecrets::new(),
-                       remote_claimable_outpoints: HashMap::new(),
-                       remote_commitment_txn_on_chain: HashMap::new(),
-                       remote_hash_commitment_number: HashMap::new(),
+                       counterparty_claimable_outpoints: HashMap::new(),
+                       counterparty_commitment_txn_on_chain: HashMap::new(),
+                       counterparty_hash_commitment_number: HashMap::new(),
 
-                       prev_local_signed_commitment_tx: None,
-                       current_local_commitment_tx: local_commitment_tx,
-                       current_remote_commitment_number: 1 << 48,
-                       current_local_commitment_number: 0xffff_ffff_ffff - ((((local_tx_sequence & 0xffffff) << 3*8) | (local_tx_locktime as u64 & 0xffffff)) ^ commitment_transaction_number_obscure_factor),
+                       prev_holder_signed_commitment_tx: None,
+                       current_holder_commitment_tx: holder_commitment_tx,
+                       current_counterparty_commitment_number: 1 << 48,
+                       current_holder_commitment_number: 0xffff_ffff_ffff - ((((holder_tx_sequence & 0xffffff) << 3*8) | (holder_tx_locktime as u64 & 0xffffff)) ^ commitment_transaction_number_obscure_factor),
 
                        payment_preimages: HashMap::new(),
-                       pending_htlcs_updated: Vec::new(),
+                       pending_monitor_events: Vec::new(),
                        pending_events: Vec::new(),
 
                        onchain_events_waiting_threshold_conf: HashMap::new(),
@@ -1180,7 +1287,7 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                        onchain_tx_handler,
 
                        lockdown_from_offchain: false,
-                       local_tx_signed: false,
+                       holder_tx_signed: false,
 
                        last_block_hash: Default::default(),
                        secp_ctx: Secp256k1::new(),
@@ -1188,48 +1295,48 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
        }
 
        /// Inserts a revocation secret into this channel monitor. Prunes old preimages if neither
-       /// needed by local commitment transactions HTCLs nor by remote ones. Unless we haven't already seen remote
-       /// commitment transaction's secret, they are de facto pruned (we can use revocation key).
+       /// needed by holder commitment transactions HTCLs nor by counterparty ones. Unless we haven't already seen
+       /// counterparty commitment transaction's secret, they are de facto pruned (we can use revocation key).
        pub(super) fn provide_secret(&mut self, idx: u64, secret: [u8; 32]) -> Result<(), MonitorUpdateError> {
                if let Err(()) = self.commitment_secrets.provide_secret(idx, secret) {
                        return Err(MonitorUpdateError("Previous secret did not match new one"));
                }
 
-               // Prune HTLCs from the previous remote commitment tx so we don't generate failure/fulfill
+               // Prune HTLCs from the previous counterparty commitment tx so we don't generate failure/fulfill
                // events for now-revoked/fulfilled HTLCs.
-               if let Some(txid) = self.prev_remote_commitment_txid.take() {
-                       for &mut (_, ref mut source) in self.remote_claimable_outpoints.get_mut(&txid).unwrap() {
+               if let Some(txid) = self.prev_counterparty_commitment_txid.take() {
+                       for &mut (_, ref mut source) in self.counterparty_claimable_outpoints.get_mut(&txid).unwrap() {
                                *source = None;
                        }
                }
 
                if !self.payment_preimages.is_empty() {
-                       let cur_local_signed_commitment_tx = &self.current_local_commitment_tx;
-                       let prev_local_signed_commitment_tx = self.prev_local_signed_commitment_tx.as_ref();
+                       let cur_holder_signed_commitment_tx = &self.current_holder_commitment_tx;
+                       let prev_holder_signed_commitment_tx = self.prev_holder_signed_commitment_tx.as_ref();
                        let min_idx = self.get_min_seen_secret();
-                       let remote_hash_commitment_number = &mut self.remote_hash_commitment_number;
+                       let counterparty_hash_commitment_number = &mut self.counterparty_hash_commitment_number;
 
                        self.payment_preimages.retain(|&k, _| {
-                               for &(ref htlc, _, _) in cur_local_signed_commitment_tx.htlc_outputs.iter() {
+                               for &(ref htlc, _, _) in cur_holder_signed_commitment_tx.htlc_outputs.iter() {
                                        if k == htlc.payment_hash {
                                                return true
                                        }
                                }
-                               if let Some(prev_local_commitment_tx) = prev_local_signed_commitment_tx {
-                                       for &(ref htlc, _, _) in prev_local_commitment_tx.htlc_outputs.iter() {
+                               if let Some(prev_holder_commitment_tx) = prev_holder_signed_commitment_tx {
+                                       for &(ref htlc, _, _) in prev_holder_commitment_tx.htlc_outputs.iter() {
                                                if k == htlc.payment_hash {
                                                        return true
                                                }
                                        }
                                }
-                               let contains = if let Some(cn) = remote_hash_commitment_number.get(&k) {
+                               let contains = if let Some(cn) = counterparty_hash_commitment_number.get(&k) {
                                        if *cn < min_idx {
                                                return true
                                        }
                                        true
                                } else { false };
                                if contains {
-                                       remote_hash_commitment_number.remove(&k);
+                                       counterparty_hash_commitment_number.remove(&k);
                                }
                                false
                        });
@@ -1238,27 +1345,27 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                Ok(())
        }
 
-       /// Informs this monitor of the latest remote (ie non-broadcastable) commitment transaction.
+       /// Informs this monitor of the latest counterparty (ie non-broadcastable) commitment transaction.
        /// The monitor watches for it to be broadcasted and then uses the HTLC information (and
        /// possibly future revocation/preimage information) to claim outputs where possible.
        /// We cache also the mapping hash:commitment number to lighten pruning of old preimages by watchtowers.
-       pub(super) fn provide_latest_remote_commitment_tx_info<L: Deref>(&mut self, unsigned_commitment_tx: &Transaction, htlc_outputs: Vec<(HTLCOutputInCommitment, Option<Box<HTLCSource>>)>, commitment_number: u64, their_revocation_point: PublicKey, logger: &L) where L::Target: Logger {
+       pub(super) fn provide_latest_counterparty_commitment_tx_info<L: Deref>(&mut self, unsigned_commitment_tx: &Transaction, htlc_outputs: Vec<(HTLCOutputInCommitment, Option<Box<HTLCSource>>)>, commitment_number: u64, their_revocation_point: PublicKey, logger: &L) where L::Target: Logger {
                // TODO: Encrypt the htlc_outputs data with the single-hash of the commitment transaction
                // so that a remote monitor doesn't learn anything unless there is a malicious close.
                // (only maybe, sadly we cant do the same for local info, as we need to be aware of
                // timeouts)
                for &(ref htlc, _) in &htlc_outputs {
-                       self.remote_hash_commitment_number.insert(htlc.payment_hash, commitment_number);
+                       self.counterparty_hash_commitment_number.insert(htlc.payment_hash, commitment_number);
                }
 
                let new_txid = unsigned_commitment_tx.txid();
-               log_trace!(logger, "Tracking new remote commitment transaction with txid {} at commitment number {} with {} HTLC outputs", new_txid, commitment_number, htlc_outputs.len());
-               log_trace!(logger, "New potential remote commitment transaction: {}", encode::serialize_hex(unsigned_commitment_tx));
-               self.prev_remote_commitment_txid = self.current_remote_commitment_txid.take();
-               self.current_remote_commitment_txid = Some(new_txid);
-               self.remote_claimable_outpoints.insert(new_txid, htlc_outputs.clone());
-               self.current_remote_commitment_number = commitment_number;
-               //TODO: Merge this into the other per-remote-transaction output storage stuff
+               log_trace!(logger, "Tracking new counterparty commitment transaction with txid {} at commitment number {} with {} HTLC outputs", new_txid, commitment_number, htlc_outputs.len());
+               log_trace!(logger, "New potential counterparty commitment transaction: {}", encode::serialize_hex(unsigned_commitment_tx));
+               self.prev_counterparty_commitment_txid = self.current_counterparty_commitment_txid.take();
+               self.current_counterparty_commitment_txid = Some(new_txid);
+               self.counterparty_claimable_outpoints.insert(new_txid, htlc_outputs.clone());
+               self.current_counterparty_commitment_number = commitment_number;
+               //TODO: Merge this into the other per-counterparty-transaction output storage stuff
                match self.their_cur_revocation_points {
                        Some(old_points) => {
                                if old_points.0 == commitment_number + 1 {
@@ -1283,42 +1390,35 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                htlcs.push(htlc.0);
                        }
                }
-               self.remote_tx_cache.per_htlc.insert(new_txid, htlcs);
+               self.counterparty_tx_cache.per_htlc.insert(new_txid, htlcs);
        }
 
-       /// Informs this monitor of the latest local (ie broadcastable) commitment transaction. The
+       /// Informs this monitor of the latest holder (ie broadcastable) commitment transaction. The
        /// monitor watches for timeouts and may broadcast it if we approach such a timeout. Thus, it
        /// is important that any clones of this channel monitor (including remote clones) by kept
-       /// up-to-date as our local commitment transaction is updated.
-       /// Panics if set_on_local_tx_csv has never been called.
-       pub(super) fn provide_latest_local_commitment_tx_info(&mut self, commitment_tx: LocalCommitmentTransaction, htlc_outputs: Vec<(HTLCOutputInCommitment, Option<Signature>, Option<HTLCSource>)>) -> Result<(), MonitorUpdateError> {
-               if self.local_tx_signed {
-                       return Err(MonitorUpdateError("A local commitment tx has already been signed, no new local commitment txn can be sent to our counterparty"));
-               }
+       /// up-to-date as our holder commitment transaction is updated.
+       /// Panics if set_on_holder_tx_csv has never been called.
+       pub(super) fn provide_latest_holder_commitment_tx_info(&mut self, commitment_tx: HolderCommitmentTransaction, htlc_outputs: Vec<(HTLCOutputInCommitment, Option<Signature>, Option<HTLCSource>)>) -> Result<(), MonitorUpdateError> {
                let txid = commitment_tx.txid();
                let sequence = commitment_tx.unsigned_tx.input[0].sequence as u64;
                let locktime = commitment_tx.unsigned_tx.lock_time as u64;
-               let mut new_local_commitment_tx = LocalSignedTx {
+               let mut new_holder_commitment_tx = HolderSignedTx {
                        txid,
-                       revocation_key: commitment_tx.local_keys.revocation_key,
-                       a_htlc_key: commitment_tx.local_keys.a_htlc_key,
-                       b_htlc_key: commitment_tx.local_keys.b_htlc_key,
-                       delayed_payment_key: commitment_tx.local_keys.a_delayed_payment_key,
-                       per_commitment_point: commitment_tx.local_keys.per_commitment_point,
+                       revocation_key: commitment_tx.keys.revocation_key,
+                       a_htlc_key: commitment_tx.keys.broadcaster_htlc_key,
+                       b_htlc_key: commitment_tx.keys.countersignatory_htlc_key,
+                       delayed_payment_key: commitment_tx.keys.broadcaster_delayed_payment_key,
+                       per_commitment_point: commitment_tx.keys.per_commitment_point,
                        feerate_per_kw: commitment_tx.feerate_per_kw,
                        htlc_outputs: htlc_outputs,
                };
-               // Returning a monitor error before updating tracking points means in case of using
-               // a concurrent watchtower implementation for same channel, if this one doesn't
-               // reject update as we do, you MAY have the latest local valid commitment tx onchain
-               // for which you want to spend outputs. We're NOT robust again this scenario right
-               // now but we should consider it later.
-               if let Err(_) = self.onchain_tx_handler.provide_latest_local_tx(commitment_tx) {
-                       return Err(MonitorUpdateError("Local commitment signed has already been signed, no further update of LOCAL commitment transaction is allowed"));
-               }
-               self.current_local_commitment_number = 0xffff_ffff_ffff - ((((sequence & 0xffffff) << 3*8) | (locktime as u64 & 0xffffff)) ^ self.commitment_transaction_number_obscure_factor);
-               mem::swap(&mut new_local_commitment_tx, &mut self.current_local_commitment_tx);
-               self.prev_local_signed_commitment_tx = Some(new_local_commitment_tx);
+               self.onchain_tx_handler.provide_latest_holder_tx(commitment_tx);
+               self.current_holder_commitment_number = 0xffff_ffff_ffff - ((((sequence & 0xffffff) << 3*8) | (locktime as u64 & 0xffffff)) ^ self.commitment_transaction_number_obscure_factor);
+               mem::swap(&mut new_holder_commitment_tx, &mut self.current_holder_commitment_tx);
+               self.prev_holder_signed_commitment_tx = Some(new_holder_commitment_tx);
+               if self.holder_tx_signed {
+                       return Err(MonitorUpdateError("Latest holder commitment signed has already been signed, update is rejected"));
+               }
                Ok(())
        }
 
@@ -1328,34 +1428,14 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                self.payment_preimages.insert(payment_hash.clone(), payment_preimage.clone());
        }
 
-       pub(super) fn broadcast_latest_local_commitment_txn<B: Deref, L: Deref>(&mut self, broadcaster: &B, logger: &L)
+       pub(super) fn broadcast_latest_holder_commitment_txn<B: Deref, L: Deref>(&mut self, broadcaster: &B, logger: &L)
                where B::Target: BroadcasterInterface,
                                        L::Target: Logger,
        {
-               for tx in self.get_latest_local_commitment_txn(logger).iter() {
+               for tx in self.get_latest_holder_commitment_txn(logger).iter() {
                        broadcaster.broadcast_transaction(tx);
                }
-       }
-
-       /// Used in Channel to cheat wrt the update_ids since it plays games, will be removed soon!
-       pub(super) fn update_monitor_ooo<L: Deref>(&mut self, mut updates: ChannelMonitorUpdate, logger: &L) -> Result<(), MonitorUpdateError> where L::Target: Logger {
-               for update in updates.updates.drain(..) {
-                       match update {
-                               ChannelMonitorUpdateStep::LatestLocalCommitmentTXInfo { commitment_tx, htlc_outputs } => {
-                                       if self.lockdown_from_offchain { panic!(); }
-                                       self.provide_latest_local_commitment_tx_info(commitment_tx, htlc_outputs)?
-                               },
-                               ChannelMonitorUpdateStep::LatestRemoteCommitmentTXInfo { unsigned_commitment_tx, htlc_outputs, commitment_number, their_revocation_point } =>
-                                       self.provide_latest_remote_commitment_tx_info(&unsigned_commitment_tx, htlc_outputs, commitment_number, their_revocation_point, logger),
-                               ChannelMonitorUpdateStep::PaymentPreimage { payment_preimage } =>
-                                       self.provide_payment_preimage(&PaymentHash(Sha256::hash(&payment_preimage.0[..]).into_inner()), &payment_preimage),
-                               ChannelMonitorUpdateStep::CommitmentSecret { idx, secret } =>
-                                       self.provide_secret(idx, secret)?,
-                               ChannelMonitorUpdateStep::ChannelForceClosed { .. } => {},
-                       }
-               }
-               self.latest_update_id = updates.update_id;
-               Ok(())
+               self.pending_monitor_events.push(MonitorEvent::CommitmentTxBroadcasted(self.funding_info.0));
        }
 
        /// Updates a ChannelMonitor on the basis of some new information provided by the Channel
@@ -1371,12 +1451,12 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                }
                for update in updates.updates.drain(..) {
                        match update {
-                               ChannelMonitorUpdateStep::LatestLocalCommitmentTXInfo { commitment_tx, htlc_outputs } => {
+                               ChannelMonitorUpdateStep::LatestHolderCommitmentTXInfo { commitment_tx, htlc_outputs } => {
                                        if self.lockdown_from_offchain { panic!(); }
-                                       self.provide_latest_local_commitment_tx_info(commitment_tx, htlc_outputs)?
+                                       self.provide_latest_holder_commitment_tx_info(commitment_tx, htlc_outputs)?
                                },
-                               ChannelMonitorUpdateStep::LatestRemoteCommitmentTXInfo { unsigned_commitment_tx, htlc_outputs, commitment_number, their_revocation_point } =>
-                                       self.provide_latest_remote_commitment_tx_info(&unsigned_commitment_tx, htlc_outputs, commitment_number, their_revocation_point, logger),
+                               ChannelMonitorUpdateStep::LatestCounterpartyCommitmentTXInfo { unsigned_commitment_tx, htlc_outputs, commitment_number, their_revocation_point } =>
+                                       self.provide_latest_counterparty_commitment_tx_info(&unsigned_commitment_tx, htlc_outputs, commitment_number, their_revocation_point, logger),
                                ChannelMonitorUpdateStep::PaymentPreimage { payment_preimage } =>
                                        self.provide_payment_preimage(&PaymentHash(Sha256::hash(&payment_preimage.0[..]).into_inner()), &payment_preimage),
                                ChannelMonitorUpdateStep::CommitmentSecret { idx, secret } =>
@@ -1384,9 +1464,9 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                ChannelMonitorUpdateStep::ChannelForceClosed { should_broadcast } => {
                                        self.lockdown_from_offchain = true;
                                        if should_broadcast {
-                                               self.broadcast_latest_local_commitment_txn(broadcaster, logger);
+                                               self.broadcast_latest_holder_commitment_txn(broadcaster, logger);
                                        } else {
-                                               log_error!(logger, "You have a toxic local commitment transaction avaible in channel monitor, read comment in ChannelMonitor::get_latest_local_commitment_txn to be informed of manual action to take");
+                                               log_error!(logger, "You have a toxic holder commitment transaction avaible in channel monitor, read comment in ChannelMonitor::get_latest_holder_commitment_txn to be informed of manual action to take");
                                        }
                                }
                        }
@@ -1402,12 +1482,14 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
        }
 
        /// Gets the funding transaction outpoint of the channel this ChannelMonitor is monitoring for.
-       pub fn get_funding_txo(&self) -> OutPoint {
-               self.funding_info.0
+       pub fn get_funding_txo(&self) -> &(OutPoint, Script) {
+               &self.funding_info
        }
 
        /// Gets a list of txids, with their output scripts (in the order they appear in the
        /// transaction), which we must learn about spends of via block_connected().
+       ///
+       /// (C-not exported) because we have no HashMap bindings
        pub fn get_outputs_to_watch(&self) -> &HashMap<Txid, Vec<Script>> {
                &self.outputs_to_watch
        }
@@ -1416,9 +1498,11 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
        /// Generally useful when deserializing as during normal operation the return values of
        /// block_connected are sufficient to ensure all relevant outpoints are being monitored (note
        /// that the get_funding_txo outpoint and transaction must also be monitored for!).
+       ///
+       /// (C-not exported) as there is no practical way to track lifetimes of returned values.
        pub fn get_monitored_outpoints(&self) -> Vec<(Txid, u32, &Script)> {
-               let mut res = Vec::with_capacity(self.remote_commitment_txn_on_chain.len() * 2);
-               for (ref txid, &(_, ref outputs)) in self.remote_commitment_txn_on_chain.iter() {
+               let mut res = Vec::with_capacity(self.counterparty_commitment_txn_on_chain.len() * 2);
+               for (ref txid, &(_, ref outputs)) in self.counterparty_commitment_txn_on_chain.iter() {
                        for (idx, output) in outputs.iter().enumerate() {
                                res.push(((*txid).clone(), idx as u32, output));
                        }
@@ -1427,10 +1511,10 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
        }
 
        /// Get the list of HTLCs who's status has been updated on chain. This should be called by
-       /// ChannelManager via ManyChannelMonitor::get_and_clear_pending_htlcs_updated().
-       pub fn get_and_clear_pending_htlcs_updated(&mut self) -> Vec<HTLCUpdate> {
+       /// ChannelManager via ManyChannelMonitor::get_and_clear_pending_monitor_events().
+       pub fn get_and_clear_pending_monitor_events(&mut self) -> Vec<MonitorEvent> {
                let mut ret = Vec::new();
-               mem::swap(&mut ret, &mut self.pending_htlcs_updated);
+               mem::swap(&mut ret, &mut self.pending_monitor_events);
                ret
        }
 
@@ -1440,7 +1524,7 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
        /// This is called by ManyChannelMonitor::get_and_clear_pending_events() and is equivalent to
        /// EventsProvider::get_and_clear_pending_events() except that it requires &mut self as we do
        /// no internal locking in ChannelMonitors.
-       pub fn get_and_clear_pending_events(&mut self) -> Vec<events::Event> {
+       pub fn get_and_clear_pending_events(&mut self) -> Vec<Event> {
                let mut ret = Vec::new();
                mem::swap(&mut ret, &mut self.pending_events);
                ret
@@ -1455,28 +1539,28 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                self.commitment_secrets.get_min_seen_secret()
        }
 
-       pub(super) fn get_cur_remote_commitment_number(&self) -> u64 {
-               self.current_remote_commitment_number
+       pub(super) fn get_cur_counterparty_commitment_number(&self) -> u64 {
+               self.current_counterparty_commitment_number
        }
 
-       pub(super) fn get_cur_local_commitment_number(&self) -> u64 {
-               self.current_local_commitment_number
+       pub(super) fn get_cur_holder_commitment_number(&self) -> u64 {
+               self.current_holder_commitment_number
        }
 
-       /// Attempts to claim a remote commitment transaction's outputs using the revocation key and
-       /// data in remote_claimable_outpoints. Will directly claim any HTLC outputs which expire at a
+       /// Attempts to claim a counterparty commitment transaction's outputs using the revocation key and
+       /// data in counterparty_claimable_outpoints. Will directly claim any HTLC outputs which expire at a
        /// height > height + CLTV_SHARED_CLAIM_BUFFER. In any case, will install monitoring for
        /// HTLC-Success/HTLC-Timeout transactions.
        /// Return updates for HTLC pending in the channel and failed automatically by the broadcast of
-       /// revoked remote commitment tx
-       fn check_spend_remote_transaction<L: Deref>(&mut self, tx: &Transaction, height: u32, logger: &L) -> (Vec<ClaimRequest>, (Txid, Vec<TxOut>)) where L::Target: Logger {
+       /// revoked counterparty commitment tx
+       fn check_spend_counterparty_transaction<L: Deref>(&mut self, tx: &Transaction, height: u32, logger: &L) -> (Vec<ClaimRequest>, (Txid, Vec<TxOut>)) where L::Target: Logger {
                // Most secp and related errors trying to create keys means we have no hope of constructing
                // a spend transaction...so we return no transactions to broadcast
                let mut claimable_outpoints = Vec::new();
                let mut watch_outputs = Vec::new();
 
                let commitment_txid = tx.txid(); //TODO: This is gonna be a performance bottleneck for watchtowers!
-               let per_commitment_option = self.remote_claimable_outpoints.get(&commitment_txid);
+               let per_commitment_option = self.counterparty_claimable_outpoints.get(&commitment_txid);
 
                macro_rules! ignore_error {
                        ( $thing : expr ) => {
@@ -1493,16 +1577,16 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                        let per_commitment_key = ignore_error!(SecretKey::from_slice(&secret));
                        let per_commitment_point = PublicKey::from_secret_key(&self.secp_ctx, &per_commitment_key);
                        let revocation_pubkey = ignore_error!(chan_utils::derive_public_revocation_key(&self.secp_ctx, &per_commitment_point, &self.keys.pubkeys().revocation_basepoint));
-                       let delayed_key = ignore_error!(chan_utils::derive_public_key(&self.secp_ctx, &PublicKey::from_secret_key(&self.secp_ctx, &per_commitment_key), &self.remote_tx_cache.remote_delayed_payment_base_key));
+                       let delayed_key = ignore_error!(chan_utils::derive_public_key(&self.secp_ctx, &PublicKey::from_secret_key(&self.secp_ctx, &per_commitment_key), &self.counterparty_tx_cache.counterparty_delayed_payment_base_key));
 
-                       let revokeable_redeemscript = chan_utils::get_revokeable_redeemscript(&revocation_pubkey, self.remote_tx_cache.on_remote_tx_csv, &delayed_key);
+                       let revokeable_redeemscript = chan_utils::get_revokeable_redeemscript(&revocation_pubkey, self.counterparty_tx_cache.on_counterparty_tx_csv, &delayed_key);
                        let revokeable_p2wsh = revokeable_redeemscript.to_v0_p2wsh();
 
-                       // First, process non-htlc outputs (to_local & to_remote)
+                       // First, process non-htlc outputs (to_holder & to_counterparty)
                        for (idx, outp) in tx.output.iter().enumerate() {
                                if outp.script_pubkey == revokeable_p2wsh {
-                                       let witness_data = InputMaterial::Revoked { per_commitment_point, remote_delayed_payment_base_key: self.remote_tx_cache.remote_delayed_payment_base_key, remote_htlc_base_key: self.remote_tx_cache.remote_htlc_base_key, per_commitment_key, input_descriptor: InputDescriptors::RevokedOutput, amount: outp.value, htlc: None, on_remote_tx_csv: self.remote_tx_cache.on_remote_tx_csv};
-                                       claimable_outpoints.push(ClaimRequest { absolute_timelock: height + self.remote_tx_cache.on_remote_tx_csv as u32, aggregable: true, outpoint: BitcoinOutPoint { txid: commitment_txid, vout: idx as u32 }, witness_data});
+                                       let witness_data = InputMaterial::Revoked { per_commitment_point, counterparty_delayed_payment_base_key: self.counterparty_tx_cache.counterparty_delayed_payment_base_key, counterparty_htlc_base_key: self.counterparty_tx_cache.counterparty_htlc_base_key, per_commitment_key, input_descriptor: InputDescriptors::RevokedOutput, amount: outp.value, htlc: None, on_counterparty_tx_csv: self.counterparty_tx_cache.on_counterparty_tx_csv};
+                                       claimable_outpoints.push(ClaimRequest { absolute_timelock: height + self.counterparty_tx_cache.on_counterparty_tx_csv as u32, aggregable: true, outpoint: BitcoinOutPoint { txid: commitment_txid, vout: idx as u32 }, witness_data});
                                }
                        }
 
@@ -1514,7 +1598,7 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                                                tx.output[transaction_output_index as usize].value != htlc.amount_msat / 1000 {
                                                        return (claimable_outpoints, (commitment_txid, watch_outputs)); // Corrupted per_commitment_data, fuck this user
                                                }
-                                               let witness_data = InputMaterial::Revoked { per_commitment_point, remote_delayed_payment_base_key: self.remote_tx_cache.remote_delayed_payment_base_key, remote_htlc_base_key: self.remote_tx_cache.remote_htlc_base_key, per_commitment_key, input_descriptor: if htlc.offered { InputDescriptors::RevokedOfferedHTLC } else { InputDescriptors::RevokedReceivedHTLC }, amount: tx.output[transaction_output_index as usize].value, htlc: Some(htlc.clone()), on_remote_tx_csv: self.remote_tx_cache.on_remote_tx_csv};
+                                               let witness_data = InputMaterial::Revoked { per_commitment_point, counterparty_delayed_payment_base_key: self.counterparty_tx_cache.counterparty_delayed_payment_base_key, counterparty_htlc_base_key: self.counterparty_tx_cache.counterparty_htlc_base_key, per_commitment_key, input_descriptor: if htlc.offered { InputDescriptors::RevokedOfferedHTLC } else { InputDescriptors::RevokedReceivedHTLC }, amount: tx.output[transaction_output_index as usize].value, htlc: Some(htlc.clone()), on_counterparty_tx_csv: self.counterparty_tx_cache.on_counterparty_tx_csv};
                                                claimable_outpoints.push(ClaimRequest { absolute_timelock: htlc.cltv_expiry, aggregable: true, outpoint: BitcoinOutPoint { txid: commitment_txid, vout: transaction_output_index }, witness_data });
                                        }
                                }
@@ -1522,17 +1606,17 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
 
                        // Last, track onchain revoked commitment transaction and fail backward outgoing HTLCs as payment path is broken
                        if !claimable_outpoints.is_empty() || per_commitment_option.is_some() { // ie we're confident this is actually ours
-                               // We're definitely a remote commitment transaction!
-                               log_trace!(logger, "Got broadcast of revoked remote commitment transaction, going to generate general spend tx with {} inputs", claimable_outpoints.len());
+                               // We're definitely a counterparty commitment transaction!
+                               log_trace!(logger, "Got broadcast of revoked counterparty commitment transaction, going to generate general spend tx with {} inputs", claimable_outpoints.len());
                                watch_outputs.append(&mut tx.output.clone());
-                               self.remote_commitment_txn_on_chain.insert(commitment_txid, (commitment_number, tx.output.iter().map(|output| { output.script_pubkey.clone() }).collect()));
+                               self.counterparty_commitment_txn_on_chain.insert(commitment_txid, (commitment_number, tx.output.iter().map(|output| { output.script_pubkey.clone() }).collect()));
 
                                macro_rules! check_htlc_fails {
                                        ($txid: expr, $commitment_tx: expr) => {
-                                               if let Some(ref outpoints) = self.remote_claimable_outpoints.get($txid) {
+                                               if let Some(ref outpoints) = self.counterparty_claimable_outpoints.get($txid) {
                                                        for &(ref htlc, ref source_option) in outpoints.iter() {
                                                                if let &Some(ref source) = source_option {
-                                                                       log_info!(logger, "Failing HTLC with payment_hash {} from {} remote commitment tx due to broadcast of revoked remote commitment transaction, waiting for confirmation (at height {})", log_bytes!(htlc.payment_hash.0), $commitment_tx, height + ANTI_REORG_DELAY - 1);
+                                                                       log_info!(logger, "Failing HTLC with payment_hash {} from {} counterparty commitment tx due to broadcast of revoked counterparty commitment transaction, waiting for confirmation (at height {})", log_bytes!(htlc.payment_hash.0), $commitment_tx, height + ANTI_REORG_DELAY - 1);
                                                                        match self.onchain_events_waiting_threshold_conf.entry(height + ANTI_REORG_DELAY - 1) {
                                                                                hash_map::Entry::Occupied(mut entry) => {
                                                                                        let e = entry.get_mut();
@@ -1555,30 +1639,30 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                                }
                                        }
                                }
-                               if let Some(ref txid) = self.current_remote_commitment_txid {
+                               if let Some(ref txid) = self.current_counterparty_commitment_txid {
                                        check_htlc_fails!(txid, "current");
                                }
-                               if let Some(ref txid) = self.prev_remote_commitment_txid {
-                                       check_htlc_fails!(txid, "remote");
+                               if let Some(ref txid) = self.prev_counterparty_commitment_txid {
+                                       check_htlc_fails!(txid, "counterparty");
                                }
-                               // No need to check local commitment txn, symmetric HTLCSource must be present as per-htlc data on remote commitment tx
+                               // No need to check holder commitment txn, symmetric HTLCSource must be present as per-htlc data on counterparty commitment tx
                        }
                } else if let Some(per_commitment_data) = per_commitment_option {
                        // While this isn't useful yet, there is a potential race where if a counterparty
                        // revokes a state at the same time as the commitment transaction for that state is
                        // confirmed, and the watchtower receives the block before the user, the user could
                        // upload a new ChannelMonitor with the revocation secret but the watchtower has
-                       // already processed the block, resulting in the remote_commitment_txn_on_chain entry
+                       // already processed the block, resulting in the counterparty_commitment_txn_on_chain entry
                        // not being generated by the above conditional. Thus, to be safe, we go ahead and
                        // insert it here.
                        watch_outputs.append(&mut tx.output.clone());
-                       self.remote_commitment_txn_on_chain.insert(commitment_txid, (commitment_number, tx.output.iter().map(|output| { output.script_pubkey.clone() }).collect()));
+                       self.counterparty_commitment_txn_on_chain.insert(commitment_txid, (commitment_number, tx.output.iter().map(|output| { output.script_pubkey.clone() }).collect()));
 
-                       log_trace!(logger, "Got broadcast of non-revoked remote commitment transaction {}", commitment_txid);
+                       log_trace!(logger, "Got broadcast of non-revoked counterparty commitment transaction {}", commitment_txid);
 
                        macro_rules! check_htlc_fails {
                                ($txid: expr, $commitment_tx: expr, $id: tt) => {
-                                       if let Some(ref latest_outpoints) = self.remote_claimable_outpoints.get($txid) {
+                                       if let Some(ref latest_outpoints) = self.counterparty_claimable_outpoints.get($txid) {
                                                $id: for &(ref htlc, ref source_option) in latest_outpoints.iter() {
                                                        if let &Some(ref source) = source_option {
                                                                // Check if the HTLC is present in the commitment transaction that was
@@ -1595,7 +1679,7 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                                                                continue $id;
                                                                        }
                                                                }
-                                                               log_trace!(logger, "Failing HTLC with payment_hash {} from {} remote commitment tx due to broadcast of remote commitment transaction", log_bytes!(htlc.payment_hash.0), $commitment_tx);
+                                                               log_trace!(logger, "Failing HTLC with payment_hash {} from {} counterparty commitment tx due to broadcast of counterparty commitment transaction", log_bytes!(htlc.payment_hash.0), $commitment_tx);
                                                                match self.onchain_events_waiting_threshold_conf.entry(height + ANTI_REORG_DELAY - 1) {
                                                                        hash_map::Entry::Occupied(mut entry) => {
                                                                                let e = entry.get_mut();
@@ -1618,10 +1702,10 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                        }
                                }
                        }
-                       if let Some(ref txid) = self.current_remote_commitment_txid {
+                       if let Some(ref txid) = self.current_counterparty_commitment_txid {
                                check_htlc_fails!(txid, "current", 'current_loop);
                        }
-                       if let Some(ref txid) = self.prev_remote_commitment_txid {
+                       if let Some(ref txid) = self.prev_counterparty_commitment_txid {
                                check_htlc_fails!(txid, "previous", 'prev_loop);
                        }
 
@@ -1632,10 +1716,10 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                                if revocation_points.0 == commitment_number + 1 { Some(point) } else { None }
                                        } else { None };
                                if let Some(revocation_point) = revocation_point_option {
-                                       self.remote_payment_script = {
+                                       self.counterparty_payment_script = {
                                                // Note that the Network here is ignored as we immediately drop the address for the
                                                // script_pubkey version
-                                               let payment_hash160 = WPubkeyHash::hash(&PublicKey::from_secret_key(&self.secp_ctx, &self.keys.payment_key()).serialize());
+                                               let payment_hash160 = WPubkeyHash::hash(&self.keys.pubkeys().payment_point.serialize());
                                                Builder::new().push_opcode(opcodes::all::OP_PUSHBYTES_0).push_slice(&payment_hash160[..]).into_script()
                                        };
 
@@ -1649,7 +1733,7 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                                        let preimage = if htlc.offered { if let Some(p) = self.payment_preimages.get(&htlc.payment_hash) { Some(*p) } else { None } } else { None };
                                                        let aggregable = if !htlc.offered { false } else { true };
                                                        if preimage.is_some() || !htlc.offered {
-                                                               let witness_data = InputMaterial::RemoteHTLC { per_commitment_point: *revocation_point, remote_delayed_payment_base_key: self.remote_tx_cache.remote_delayed_payment_base_key, remote_htlc_base_key: self.remote_tx_cache.remote_htlc_base_key, preimage, htlc: htlc.clone() };
+                                                               let witness_data = InputMaterial::CounterpartyHTLC { per_commitment_point: *revocation_point, counterparty_delayed_payment_base_key: self.counterparty_tx_cache.counterparty_delayed_payment_base_key, counterparty_htlc_base_key: self.counterparty_tx_cache.counterparty_htlc_base_key, preimage, htlc: htlc.clone() };
                                                                claimable_outpoints.push(ClaimRequest { absolute_timelock: htlc.cltv_expiry, aggregable, outpoint: BitcoinOutPoint { txid: commitment_txid, vout: transaction_output_index }, witness_data });
                                                        }
                                                }
@@ -1660,8 +1744,8 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                (claimable_outpoints, (commitment_txid, watch_outputs))
        }
 
-       /// Attempts to claim a remote HTLC-Success/HTLC-Timeout's outputs using the revocation key
-       fn check_spend_remote_htlc<L: Deref>(&mut self, tx: &Transaction, commitment_number: u64, height: u32, logger: &L) -> (Vec<ClaimRequest>, Option<(Txid, Vec<TxOut>)>) where L::Target: Logger {
+       /// Attempts to claim a counterparty HTLC-Success/HTLC-Timeout's outputs using the revocation key
+       fn check_spend_counterparty_htlc<L: Deref>(&mut self, tx: &Transaction, commitment_number: u64, height: u32, logger: &L) -> (Vec<ClaimRequest>, Option<(Txid, Vec<TxOut>)>) where L::Target: Logger {
                let htlc_txid = tx.txid();
                if tx.input.len() != 1 || tx.output.len() != 1 || tx.input[0].witness.len() != 5 {
                        return (Vec::new(), None)
@@ -1680,23 +1764,23 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                let per_commitment_key = ignore_error!(SecretKey::from_slice(&secret));
                let per_commitment_point = PublicKey::from_secret_key(&self.secp_ctx, &per_commitment_key);
 
-               log_trace!(logger, "Remote HTLC broadcast {}:{}", htlc_txid, 0);
-               let witness_data = InputMaterial::Revoked { per_commitment_point, remote_delayed_payment_base_key: self.remote_tx_cache.remote_delayed_payment_base_key, remote_htlc_base_key: self.remote_tx_cache.remote_htlc_base_key,  per_commitment_key, input_descriptor: InputDescriptors::RevokedOutput, amount: tx.output[0].value, htlc: None, on_remote_tx_csv: self.remote_tx_cache.on_remote_tx_csv };
-               let claimable_outpoints = vec!(ClaimRequest { absolute_timelock: height + self.remote_tx_cache.on_remote_tx_csv as u32, aggregable: true, outpoint: BitcoinOutPoint { txid: htlc_txid, vout: 0}, witness_data });
+               log_trace!(logger, "Counterparty HTLC broadcast {}:{}", htlc_txid, 0);
+               let witness_data = InputMaterial::Revoked { per_commitment_point, counterparty_delayed_payment_base_key: self.counterparty_tx_cache.counterparty_delayed_payment_base_key, counterparty_htlc_base_key: self.counterparty_tx_cache.counterparty_htlc_base_key,  per_commitment_key, input_descriptor: InputDescriptors::RevokedOutput, amount: tx.output[0].value, htlc: None, on_counterparty_tx_csv: self.counterparty_tx_cache.on_counterparty_tx_csv };
+               let claimable_outpoints = vec!(ClaimRequest { absolute_timelock: height + self.counterparty_tx_cache.on_counterparty_tx_csv as u32, aggregable: true, outpoint: BitcoinOutPoint { txid: htlc_txid, vout: 0}, witness_data });
                (claimable_outpoints, Some((htlc_txid, tx.output.clone())))
        }
 
-       fn broadcast_by_local_state(&self, commitment_tx: &Transaction, local_tx: &LocalSignedTx) -> (Vec<ClaimRequest>, Vec<TxOut>, Option<(Script, PublicKey, PublicKey)>) {
-               let mut claim_requests = Vec::with_capacity(local_tx.htlc_outputs.len());
-               let mut watch_outputs = Vec::with_capacity(local_tx.htlc_outputs.len());
+       fn broadcast_by_holder_state(&self, commitment_tx: &Transaction, holder_tx: &HolderSignedTx) -> (Vec<ClaimRequest>, Vec<TxOut>, Option<(Script, PublicKey, PublicKey)>) {
+               let mut claim_requests = Vec::with_capacity(holder_tx.htlc_outputs.len());
+               let mut watch_outputs = Vec::with_capacity(holder_tx.htlc_outputs.len());
 
-               let redeemscript = chan_utils::get_revokeable_redeemscript(&local_tx.revocation_key, self.on_local_tx_csv, &local_tx.delayed_payment_key);
-               let broadcasted_local_revokable_script = Some((redeemscript.to_v0_p2wsh(), local_tx.per_commitment_point.clone(), local_tx.revocation_key.clone()));
+               let redeemscript = chan_utils::get_revokeable_redeemscript(&holder_tx.revocation_key, self.on_holder_tx_csv, &holder_tx.delayed_payment_key);
+               let broadcasted_holder_revokable_script = Some((redeemscript.to_v0_p2wsh(), holder_tx.per_commitment_point.clone(), holder_tx.revocation_key.clone()));
 
-               for &(ref htlc, _, _) in local_tx.htlc_outputs.iter() {
+               for &(ref htlc, _, _) in holder_tx.htlc_outputs.iter() {
                        if let Some(transaction_output_index) = htlc.transaction_output_index {
-                               claim_requests.push(ClaimRequest { absolute_timelock: ::std::u32::MAX, aggregable: false, outpoint: BitcoinOutPoint { txid: local_tx.txid, vout: transaction_output_index as u32 },
-                                       witness_data: InputMaterial::LocalHTLC {
+                               claim_requests.push(ClaimRequest { absolute_timelock: ::std::u32::MAX, aggregable: false, outpoint: BitcoinOutPoint { txid: holder_tx.txid, vout: transaction_output_index as u32 },
+                                       witness_data: InputMaterial::HolderHTLC {
                                                preimage: if !htlc.offered {
                                                                if let Some(preimage) = self.payment_preimages.get(&htlc.payment_hash) {
                                                                        Some(preimage.clone())
@@ -1711,20 +1795,20 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                        }
                }
 
-               (claim_requests, watch_outputs, broadcasted_local_revokable_script)
+               (claim_requests, watch_outputs, broadcasted_holder_revokable_script)
        }
 
        /// Attempts to claim any claimable HTLCs in a commitment transaction which was not (yet)
-       /// revoked using data in local_claimable_outpoints.
+       /// revoked using data in holder_claimable_outpoints.
        /// Should not be used if check_spend_revoked_transaction succeeds.
-       fn check_spend_local_transaction<L: Deref>(&mut self, tx: &Transaction, height: u32, logger: &L) -> (Vec<ClaimRequest>, (Txid, Vec<TxOut>)) where L::Target: Logger {
+       fn check_spend_holder_transaction<L: Deref>(&mut self, tx: &Transaction, height: u32, logger: &L) -> (Vec<ClaimRequest>, (Txid, Vec<TxOut>)) where L::Target: Logger {
                let commitment_txid = tx.txid();
                let mut claim_requests = Vec::new();
                let mut watch_outputs = Vec::new();
 
                macro_rules! wait_threshold_conf {
                        ($height: expr, $source: expr, $commitment_tx: expr, $payment_hash: expr) => {
-                               log_trace!(logger, "Failing HTLC with payment_hash {} from {} local commitment tx due to broadcast of transaction, waiting confirmation (at height{})", log_bytes!($payment_hash.0), $commitment_tx, height + ANTI_REORG_DELAY - 1);
+                               log_trace!(logger, "Failing HTLC with payment_hash {} from {} holder commitment tx due to broadcast of transaction, waiting confirmation (at height{})", log_bytes!($payment_hash.0), $commitment_tx, height + ANTI_REORG_DELAY - 1);
                                match self.onchain_events_waiting_threshold_conf.entry($height + ANTI_REORG_DELAY - 1) {
                                        hash_map::Entry::Occupied(mut entry) => {
                                                let e = entry.get_mut();
@@ -1749,30 +1833,30 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                        ($updates: expr) => {
                                claim_requests = $updates.0;
                                watch_outputs.append(&mut $updates.1);
-                               self.broadcasted_local_revokable_script = $updates.2;
+                               self.broadcasted_holder_revokable_script = $updates.2;
                        }
                }
 
-               // HTLCs set may differ between last and previous local commitment txn, in case of one them hitting chain, ensure we cancel all HTLCs backward
-               let mut is_local_tx = false;
+               // HTLCs set may differ between last and previous holder commitment txn, in case of one them hitting chain, ensure we cancel all HTLCs backward
+               let mut is_holder_tx = false;
 
-               if self.current_local_commitment_tx.txid == commitment_txid {
-                       is_local_tx = true;
-                       log_trace!(logger, "Got latest local commitment tx broadcast, searching for available HTLCs to claim");
-                       let mut res = self.broadcast_by_local_state(tx, &self.current_local_commitment_tx);
+               if self.current_holder_commitment_tx.txid == commitment_txid {
+                       is_holder_tx = true;
+                       log_trace!(logger, "Got latest holder commitment tx broadcast, searching for available HTLCs to claim");
+                       let mut res = self.broadcast_by_holder_state(tx, &self.current_holder_commitment_tx);
                        append_onchain_update!(res);
-               } else if let &Some(ref local_tx) = &self.prev_local_signed_commitment_tx {
-                       if local_tx.txid == commitment_txid {
-                               is_local_tx = true;
-                               log_trace!(logger, "Got previous local commitment tx broadcast, searching for available HTLCs to claim");
-                               let mut res = self.broadcast_by_local_state(tx, local_tx);
+               } else if let &Some(ref holder_tx) = &self.prev_holder_signed_commitment_tx {
+                       if holder_tx.txid == commitment_txid {
+                               is_holder_tx = true;
+                               log_trace!(logger, "Got previous holder commitment tx broadcast, searching for available HTLCs to claim");
+                               let mut res = self.broadcast_by_holder_state(tx, holder_tx);
                                append_onchain_update!(res);
                        }
                }
 
                macro_rules! fail_dust_htlcs_after_threshold_conf {
-                       ($local_tx: expr) => {
-                               for &(ref htlc, _, ref source) in &$local_tx.htlc_outputs {
+                       ($holder_tx: expr) => {
+                               for &(ref htlc, _, ref source) in &$holder_tx.htlc_outputs {
                                        if htlc.transaction_output_index.is_none() {
                                                if let &Some(ref source) = source {
                                                        wait_threshold_conf!(height, source.clone(), "lastest", htlc.payment_hash.clone());
@@ -1782,32 +1866,32 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                        }
                }
 
-               if is_local_tx {
-                       fail_dust_htlcs_after_threshold_conf!(self.current_local_commitment_tx);
-                       if let &Some(ref local_tx) = &self.prev_local_signed_commitment_tx {
-                               fail_dust_htlcs_after_threshold_conf!(local_tx);
+               if is_holder_tx {
+                       fail_dust_htlcs_after_threshold_conf!(self.current_holder_commitment_tx);
+                       if let &Some(ref holder_tx) = &self.prev_holder_signed_commitment_tx {
+                               fail_dust_htlcs_after_threshold_conf!(holder_tx);
                        }
                }
 
                (claim_requests, (commitment_txid, watch_outputs))
        }
 
-       /// Used by ChannelManager deserialization to broadcast the latest local state if its copy of
-       /// the Channel was out-of-date. You may use it to get a broadcastable local toxic tx in case of
-       /// fallen-behind, i.e when receiving a channel_reestablish with a proof that our remote side knows
-       /// a higher revocation secret than the local commitment number we are aware of. Broadcasting these
-       /// transactions are UNSAFE, as they allow remote side to punish you. Nevertheless you may want to
-       /// broadcast them if remote don't close channel with his higher commitment transaction after a
+       /// Used by ChannelManager deserialization to broadcast the latest holder state if its copy of
+       /// the Channel was out-of-date. You may use it to get a broadcastable holder toxic tx in case of
+       /// fallen-behind, i.e when receiving a channel_reestablish with a proof that our counterparty side knows
+       /// a higher revocation secret than the holder commitment number we are aware of. Broadcasting these
+       /// transactions are UNSAFE, as they allow counterparty side to punish you. Nevertheless you may want to
+       /// broadcast them if counterparty don't close channel with his higher commitment transaction after a
        /// substantial amount of time (a month or even a year) to get back funds. Best may be to contact
        /// out-of-band the other node operator to coordinate with him if option is available to you.
        /// In any-case, choice is up to the user.
-       pub fn get_latest_local_commitment_txn<L: Deref>(&mut self, logger: &L) -> Vec<Transaction> where L::Target: Logger {
-               log_trace!(logger, "Getting signed latest local commitment transaction!");
-               self.local_tx_signed = true;
-               if let Some(commitment_tx) = self.onchain_tx_handler.get_fully_signed_local_tx(&self.funding_redeemscript) {
+       pub fn get_latest_holder_commitment_txn<L: Deref>(&mut self, logger: &L) -> Vec<Transaction> where L::Target: Logger {
+               log_trace!(logger, "Getting signed latest holder commitment transaction!");
+               self.holder_tx_signed = true;
+               if let Some(commitment_tx) = self.onchain_tx_handler.get_fully_signed_holder_tx(&self.funding_redeemscript) {
                        let txid = commitment_tx.txid();
                        let mut res = vec![commitment_tx];
-                       for htlc in self.current_local_commitment_tx.htlc_outputs.iter() {
+                       for htlc in self.current_holder_commitment_tx.htlc_outputs.iter() {
                                if let Some(vout) = htlc.0.transaction_output_index {
                                        let preimage = if !htlc.0.offered {
                                                        if let Some(preimage) = self.payment_preimages.get(&htlc.0.payment_hash) { Some(preimage.clone()) } else {
@@ -1822,22 +1906,22 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                }
                        }
                        // We throw away the generated waiting_first_conf data as we aren't (yet) confirmed and we don't actually know what the caller wants to do.
-                       // The data will be re-generated and tracked in check_spend_local_transaction if we get a confirmation.
+                       // The data will be re-generated and tracked in check_spend_holder_transaction if we get a confirmation.
                        return res
                }
                Vec::new()
        }
 
-       /// Unsafe test-only version of get_latest_local_commitment_txn used by our test framework
-       /// to bypass LocalCommitmentTransaction state update lockdown after signature and generate
+       /// Unsafe test-only version of get_latest_holder_commitment_txn used by our test framework
+       /// to bypass HolderCommitmentTransaction state update lockdown after signature and generate
        /// revoked commitment transaction.
-       #[cfg(test)]
-       pub fn unsafe_get_latest_local_commitment_txn<L: Deref>(&mut self, logger: &L) -> Vec<Transaction> where L::Target: Logger {
-               log_trace!(logger, "Getting signed copy of latest local commitment transaction!");
-               if let Some(commitment_tx) = self.onchain_tx_handler.get_fully_signed_copy_local_tx(&self.funding_redeemscript) {
+       #[cfg(any(test,feature = "unsafe_revoked_tx_signing"))]
+       pub fn unsafe_get_latest_holder_commitment_txn<L: Deref>(&mut self, logger: &L) -> Vec<Transaction> where L::Target: Logger {
+               log_trace!(logger, "Getting signed copy of latest holder commitment transaction!");
+               if let Some(commitment_tx) = self.onchain_tx_handler.get_fully_signed_copy_holder_tx(&self.funding_redeemscript) {
                        let txid = commitment_tx.txid();
                        let mut res = vec![commitment_tx];
-                       for htlc in self.current_local_commitment_tx.htlc_outputs.iter() {
+                       for htlc in self.current_holder_commitment_tx.htlc_outputs.iter() {
                                if let Some(vout) = htlc.0.transaction_output_index {
                                        let preimage = if !htlc.0.offered {
                                                        if let Some(preimage) = self.payment_preimages.get(&htlc.0.payment_hash) { Some(preimage.clone()) } else {
@@ -1861,12 +1945,12 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
        /// Eventually this should be pub and, roughly, implement ChainListener, however this requires
        /// &mut self, as well as returns new spendable outputs and outpoints to watch for spending of
        /// on-chain.
-       fn block_connected<B: Deref, F: Deref, L: Deref>(&mut self, txn_matched: &[&Transaction], height: u32, block_hash: &BlockHash, broadcaster: B, fee_estimator: F, logger: L)-> Vec<(Txid, Vec<TxOut>)>
+       fn block_connected<B: Deref, F: Deref, L: Deref>(&mut self, header: &BlockHeader, txn_matched: &[(usize, &Transaction)], height: u32, broadcaster: B, fee_estimator: F, logger: L)-> Vec<(Txid, Vec<TxOut>)>
                where B::Target: BroadcasterInterface,
                      F::Target: FeeEstimator,
                                        L::Target: Logger,
        {
-               for tx in txn_matched {
+               for &(_, tx) in txn_matched {
                        let mut output_val = 0;
                        for out in tx.output.iter() {
                                if out.value > 21_000_000_0000_0000 { panic!("Value-overflowing transaction provided to block connected"); }
@@ -1875,10 +1959,12 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                        }
                }
 
+               let block_hash = header.block_hash();
                log_trace!(logger, "Block {} at height {} connected with {} txn matched", block_hash, height, txn_matched.len());
+
                let mut watch_outputs = Vec::new();
                let mut claimable_outpoints = Vec::new();
-               for tx in txn_matched {
+               for &(_, tx) in txn_matched {
                        if tx.input.len() == 1 {
                                // Assuming our keys were not leaked (in which case we're screwed no matter what),
                                // commitment transactions and HTLC transactions will all only ever have one input,
@@ -1887,12 +1973,12 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                let prevout = &tx.input[0].previous_output;
                                if prevout.txid == self.funding_info.0.txid && prevout.vout == self.funding_info.0.index as u32 {
                                        if (tx.input[0].sequence >> 8*3) as u8 == 0x80 && (tx.lock_time >> 8*3) as u8 == 0x20 {
-                                               let (mut new_outpoints, new_outputs) = self.check_spend_remote_transaction(&tx, height, &logger);
+                                               let (mut new_outpoints, new_outputs) = self.check_spend_counterparty_transaction(&tx, height, &logger);
                                                if !new_outputs.1.is_empty() {
                                                        watch_outputs.push(new_outputs);
                                                }
                                                if new_outpoints.is_empty() {
-                                                       let (mut new_outpoints, new_outputs) = self.check_spend_local_transaction(&tx, height, &logger);
+                                                       let (mut new_outpoints, new_outputs) = self.check_spend_holder_transaction(&tx, height, &logger);
                                                        if !new_outputs.1.is_empty() {
                                                                watch_outputs.push(new_outputs);
                                                        }
@@ -1901,8 +1987,8 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                                claimable_outpoints.append(&mut new_outpoints);
                                        }
                                } else {
-                                       if let Some(&(commitment_number, _)) = self.remote_commitment_txn_on_chain.get(&prevout.txid) {
-                                               let (mut new_outpoints, new_outputs_option) = self.check_spend_remote_htlc(&tx, commitment_number, height, &logger);
+                                       if let Some(&(commitment_number, _)) = self.counterparty_commitment_txn_on_chain.get(&prevout.txid) {
+                                               let (mut new_outpoints, new_outputs_option) = self.check_spend_counterparty_htlc(&tx, commitment_number, height, &logger);
                                                claimable_outpoints.append(&mut new_outpoints);
                                                if let Some(new_outputs) = new_outputs_option {
                                                        watch_outputs.push(new_outputs);
@@ -1922,10 +2008,12 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                        claimable_outpoints.push(ClaimRequest { absolute_timelock: height, aggregable: false, outpoint: BitcoinOutPoint { txid: self.funding_info.0.txid.clone(), vout: self.funding_info.0.index as u32 }, witness_data: InputMaterial::Funding { funding_redeemscript: self.funding_redeemscript.clone() }});
                }
                if should_broadcast {
-                       if let Some(commitment_tx) = self.onchain_tx_handler.get_fully_signed_local_tx(&self.funding_redeemscript) {
-                               let (mut new_outpoints, new_outputs, _) = self.broadcast_by_local_state(&commitment_tx, &self.current_local_commitment_tx);
+                       self.pending_monitor_events.push(MonitorEvent::CommitmentTxBroadcasted(self.funding_info.0));
+                       if let Some(commitment_tx) = self.onchain_tx_handler.get_fully_signed_holder_tx(&self.funding_redeemscript) {
+                               self.holder_tx_signed = true;
+                               let (mut new_outpoints, new_outputs, _) = self.broadcast_by_holder_state(&commitment_tx, &self.current_holder_commitment_tx);
                                if !new_outputs.is_empty() {
-                                       watch_outputs.push((self.current_local_commitment_tx.txid.clone(), new_outputs));
+                                       watch_outputs.push((self.current_holder_commitment_tx.txid.clone(), new_outputs));
                                }
                                claimable_outpoints.append(&mut new_outpoints);
                        }
@@ -1935,24 +2023,25 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                match ev {
                                        OnchainEvent::HTLCUpdate { htlc_update } => {
                                                log_trace!(logger, "HTLC {} failure update has got enough confirmations to be passed upstream", log_bytes!((htlc_update.1).0));
-                                               self.pending_htlcs_updated.push(HTLCUpdate {
+                                               self.pending_monitor_events.push(MonitorEvent::HTLCEvent(HTLCUpdate {
                                                        payment_hash: htlc_update.1,
                                                        payment_preimage: None,
                                                        source: htlc_update.0,
-                                               });
+                                               }));
                                        },
                                        OnchainEvent::MaturingOutput { descriptor } => {
                                                log_trace!(logger, "Descriptor {} has got enough confirmations to be passed upstream", log_spendable!(descriptor));
-                                               self.pending_events.push(events::Event::SpendableOutputs {
+                                               self.pending_events.push(Event::SpendableOutputs {
                                                        outputs: vec![descriptor]
                                                });
                                        }
                                }
                        }
                }
+
                self.onchain_tx_handler.block_connected(txn_matched, claimable_outpoints, height, &*broadcaster, &*fee_estimator, &*logger);
 
-               self.last_block_hash = block_hash.clone();
+               self.last_block_hash = block_hash;
                for &(ref txid, ref output_scripts) in watch_outputs.iter() {
                        self.outputs_to_watch.insert(txid.clone(), output_scripts.iter().map(|o| o.script_pubkey.clone()).collect());
                }
@@ -1960,12 +2049,14 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                watch_outputs
        }
 
-       fn block_disconnected<B: Deref, F: Deref, L: Deref>(&mut self, height: u32, block_hash: &BlockHash, broadcaster: B, fee_estimator: F, logger: L)
+       fn block_disconnected<B: Deref, F: Deref, L: Deref>(&mut self, header: &BlockHeader, height: u32, broadcaster: B, fee_estimator: F, logger: L)
                where B::Target: BroadcasterInterface,
                      F::Target: FeeEstimator,
                      L::Target: Logger,
        {
+               let block_hash = header.block_hash();
                log_trace!(logger, "Block {} at height {} disconnected", block_hash, height);
+
                if let Some(_) = self.onchain_events_waiting_threshold_conf.remove(&(height + ANTI_REORG_DELAY - 1)) {
                        //We may discard:
                        //- htlc update there as failure-trigger tx (revoked commitment tx, non-revoked commitment tx, HTLC-timeout tx) has been disconnected
@@ -1974,14 +2065,14 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
 
                self.onchain_tx_handler.block_disconnected(height, broadcaster, fee_estimator, logger);
 
-               self.last_block_hash = block_hash.clone();
+               self.last_block_hash = block_hash;
        }
 
-       pub(super) fn would_broadcast_at_height<L: Deref>(&self, height: u32, logger: &L) -> bool where L::Target: Logger {
+       fn would_broadcast_at_height<L: Deref>(&self, height: u32, logger: &L) -> bool where L::Target: Logger {
                // We need to consider all HTLCs which are:
-               //  * in any unrevoked remote commitment transaction, as they could broadcast said
+               //  * in any unrevoked counterparty commitment transaction, as they could broadcast said
                //    transactions and we'd end up in a race, or
-               //  * are in our latest local commitment transaction, as this is the thing we will
+               //  * are in our latest holder commitment transaction, as this is the thing we will
                //    broadcast if we go on-chain.
                // Note that we consider HTLCs which were below dust threshold here - while they don't
                // strictly imply that we need to fail the channel, we need to go ahead and fail them back
@@ -1989,7 +2080,7 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                // updates that peer sends us are update_fails, failing the channel if not. It's probably
                // easier to just fail the channel as this case should be rare enough anyway.
                macro_rules! scan_commitment {
-                       ($htlcs: expr, $local_tx: expr) => {
+                       ($htlcs: expr, $holder_tx: expr) => {
                                for ref htlc in $htlcs {
                                        // For inbound HTLCs which we know the preimage for, we have to ensure we hit the
                                        // chain with enough room to claim the HTLC without our counterparty being able to
@@ -2014,7 +2105,7 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                        //      LATENCY_GRACE_PERIOD_BLOCKS + 2*CLTV_CLAIM_BUFFER <= CLTV_EXPIRY_DELTA
                                        //  The final, above, condition is checked for statically in channelmanager
                                        //  with CHECK_CLTV_EXPIRY_SANITY_2.
-                                       let htlc_outbound = $local_tx == htlc.offered;
+                                       let htlc_outbound = $holder_tx == htlc.offered;
                                        if ( htlc_outbound && htlc.cltv_expiry + LATENCY_GRACE_PERIOD_BLOCKS <= height) ||
                                           (!htlc_outbound && htlc.cltv_expiry <= height + CLTV_CLAIM_BUFFER && self.payment_preimages.contains_key(&htlc.payment_hash)) {
                                                log_info!(logger, "Force-closing channel due to {} HTLC timeout, HTLC expiry is {}", if htlc_outbound { "outbound" } else { "inbound "}, htlc.cltv_expiry);
@@ -2024,15 +2115,15 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                        }
                }
 
-               scan_commitment!(self.current_local_commitment_tx.htlc_outputs.iter().map(|&(ref a, _, _)| a), true);
+               scan_commitment!(self.current_holder_commitment_tx.htlc_outputs.iter().map(|&(ref a, _, _)| a), true);
 
-               if let Some(ref txid) = self.current_remote_commitment_txid {
-                       if let Some(ref htlc_outputs) = self.remote_claimable_outpoints.get(txid) {
+               if let Some(ref txid) = self.current_counterparty_commitment_txid {
+                       if let Some(ref htlc_outputs) = self.counterparty_claimable_outpoints.get(txid) {
                                scan_commitment!(htlc_outputs.iter().map(|&(ref a, _)| a), false);
                        }
                }
-               if let Some(ref txid) = self.prev_remote_commitment_txid {
-                       if let Some(ref htlc_outputs) = self.remote_claimable_outpoints.get(txid) {
+               if let Some(ref txid) = self.prev_counterparty_commitment_txid {
+                       if let Some(ref htlc_outputs) = self.counterparty_claimable_outpoints.get(txid) {
                                scan_commitment!(htlc_outputs.iter().map(|&(ref a, _)| a), false);
                        }
                }
@@ -2040,8 +2131,8 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                false
        }
 
-       /// Check if any transaction broadcasted is resolving HTLC output by a success or timeout on a local
-       /// or remote commitment tx, if so send back the source, preimage if found and payment_hash of resolved HTLC
+       /// Check if any transaction broadcasted is resolving HTLC output by a success or timeout on a holder
+       /// or counterparty commitment tx, if so send back the source, preimage if found and payment_hash of resolved HTLC
        fn is_resolving_htlc_output<L: Deref>(&mut self, tx: &Transaction, height: u32, logger: &L) where L::Target: Logger {
                'outer_loop: for input in &tx.input {
                        let mut payment_data = None;
@@ -2051,13 +2142,13 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                        let offered_preimage_claim = input.witness.len() == 3 && HTLCType::scriptlen_to_htlctype(input.witness[2].len()) == Some(HTLCType::OfferedHTLC);
 
                        macro_rules! log_claim {
-                               ($tx_info: expr, $local_tx: expr, $htlc: expr, $source_avail: expr) => {
+                               ($tx_info: expr, $holder_tx: expr, $htlc: expr, $source_avail: expr) => {
                                        // We found the output in question, but aren't failing it backwards
-                                       // as we have no corresponding source and no valid remote commitment txid
+                                       // as we have no corresponding source and no valid counterparty commitment txid
                                        // to try a weak source binding with same-hash, same-value still-valid offered HTLC.
                                        // This implies either it is an inbound HTLC or an outbound HTLC on a revoked transaction.
-                                       let outbound_htlc = $local_tx == $htlc.offered;
-                                       if ($local_tx && revocation_sig_claim) ||
+                                       let outbound_htlc = $holder_tx == $htlc.offered;
+                                       if ($holder_tx && revocation_sig_claim) ||
                                                        (outbound_htlc && !$source_avail && (accepted_preimage_claim || offered_preimage_claim)) {
                                                log_error!(logger, "Input spending {} ({}:{}) in {} resolves {} HTLC with payment hash {} with {}!",
                                                        $tx_info, input.previous_output.txid, input.previous_output.vout, tx.txid(),
@@ -2072,13 +2163,13 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                }
                        }
 
-                       macro_rules! check_htlc_valid_remote {
-                               ($remote_txid: expr, $htlc_output: expr) => {
-                                       if let Some(txid) = $remote_txid {
-                                               for &(ref pending_htlc, ref pending_source) in self.remote_claimable_outpoints.get(&txid).unwrap() {
+                       macro_rules! check_htlc_valid_counterparty {
+                               ($counterparty_txid: expr, $htlc_output: expr) => {
+                                       if let Some(txid) = $counterparty_txid {
+                                               for &(ref pending_htlc, ref pending_source) in self.counterparty_claimable_outpoints.get(&txid).unwrap() {
                                                        if pending_htlc.payment_hash == $htlc_output.payment_hash && pending_htlc.amount_msat == $htlc_output.amount_msat {
                                                                if let &Some(ref source) = pending_source {
-                                                                       log_claim!("revoked remote commitment tx", false, pending_htlc, true);
+                                                                       log_claim!("revoked counterparty commitment tx", false, pending_htlc, true);
                                                                        payment_data = Some(((**source).clone(), $htlc_output.payment_hash));
                                                                        break;
                                                                }
@@ -2089,25 +2180,25 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                        }
 
                        macro_rules! scan_commitment {
-                               ($htlcs: expr, $tx_info: expr, $local_tx: expr) => {
+                               ($htlcs: expr, $tx_info: expr, $holder_tx: expr) => {
                                        for (ref htlc_output, source_option) in $htlcs {
                                                if Some(input.previous_output.vout) == htlc_output.transaction_output_index {
                                                        if let Some(ref source) = source_option {
-                                                               log_claim!($tx_info, $local_tx, htlc_output, true);
+                                                               log_claim!($tx_info, $holder_tx, htlc_output, true);
                                                                // We have a resolution of an HTLC either from one of our latest
-                                                               // local commitment transactions or an unrevoked remote commitment
+                                                               // holder commitment transactions or an unrevoked counterparty commitment
                                                                // transaction. This implies we either learned a preimage, the HTLC
                                                                // has timed out, or we screwed up. In any case, we should now
                                                                // resolve the source HTLC with the original sender.
                                                                payment_data = Some(((*source).clone(), htlc_output.payment_hash));
-                                                       } else if !$local_tx {
-                                                                       check_htlc_valid_remote!(self.current_remote_commitment_txid, htlc_output);
+                                                       } else if !$holder_tx {
+                                                                       check_htlc_valid_counterparty!(self.current_counterparty_commitment_txid, htlc_output);
                                                                if payment_data.is_none() {
-                                                                       check_htlc_valid_remote!(self.prev_remote_commitment_txid, htlc_output);
+                                                                       check_htlc_valid_counterparty!(self.prev_counterparty_commitment_txid, htlc_output);
                                                                }
                                                        }
                                                        if payment_data.is_none() {
-                                                               log_claim!($tx_info, $local_tx, htlc_output, false);
+                                                               log_claim!($tx_info, $holder_tx, htlc_output, false);
                                                                continue 'outer_loop;
                                                        }
                                                }
@@ -2115,19 +2206,19 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                                }
                        }
 
-                       if input.previous_output.txid == self.current_local_commitment_tx.txid {
-                               scan_commitment!(self.current_local_commitment_tx.htlc_outputs.iter().map(|&(ref a, _, ref b)| (a, b.as_ref())),
-                                       "our latest local commitment tx", true);
+                       if input.previous_output.txid == self.current_holder_commitment_tx.txid {
+                               scan_commitment!(self.current_holder_commitment_tx.htlc_outputs.iter().map(|&(ref a, _, ref b)| (a, b.as_ref())),
+                                       "our latest holder commitment tx", true);
                        }
-                       if let Some(ref prev_local_signed_commitment_tx) = self.prev_local_signed_commitment_tx {
-                               if input.previous_output.txid == prev_local_signed_commitment_tx.txid {
-                                       scan_commitment!(prev_local_signed_commitment_tx.htlc_outputs.iter().map(|&(ref a, _, ref b)| (a, b.as_ref())),
-                                               "our previous local commitment tx", true);
+                       if let Some(ref prev_holder_signed_commitment_tx) = self.prev_holder_signed_commitment_tx {
+                               if input.previous_output.txid == prev_holder_signed_commitment_tx.txid {
+                                       scan_commitment!(prev_holder_signed_commitment_tx.htlc_outputs.iter().map(|&(ref a, _, ref b)| (a, b.as_ref())),
+                                               "our previous holder commitment tx", true);
                                }
                        }
-                       if let Some(ref htlc_outputs) = self.remote_claimable_outpoints.get(&input.previous_output.txid) {
+                       if let Some(ref htlc_outputs) = self.counterparty_claimable_outpoints.get(&input.previous_output.txid) {
                                scan_commitment!(htlc_outputs.iter().map(|&(ref a, ref b)| (a, (b.as_ref().clone()).map(|boxed| &**boxed))),
-                                       "remote commitment tx", false);
+                                       "counterparty commitment tx", false);
                        }
 
                        // Check that scan_commitment, above, decided there is some source worth relaying an
@@ -2135,22 +2226,26 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
                        if let Some((source, payment_hash)) = payment_data {
                                let mut payment_preimage = PaymentPreimage([0; 32]);
                                if accepted_preimage_claim {
-                                       if !self.pending_htlcs_updated.iter().any(|update| update.source == source) {
+                                       if !self.pending_monitor_events.iter().any(
+                                               |update| if let &MonitorEvent::HTLCEvent(ref upd) = update { upd.source == source } else { false }) {
                                                payment_preimage.0.copy_from_slice(&input.witness[3]);
-                                               self.pending_htlcs_updated.push(HTLCUpdate {
+                                               self.pending_monitor_events.push(MonitorEvent::HTLCEvent(HTLCUpdate {
                                                        source,
                                                        payment_preimage: Some(payment_preimage),
                                                        payment_hash
-                                               });
+                                               }));
                                        }
                                } else if offered_preimage_claim {
-                                       if !self.pending_htlcs_updated.iter().any(|update| update.source == source) {
+                                       if !self.pending_monitor_events.iter().any(
+                                               |update| if let &MonitorEvent::HTLCEvent(ref upd) = update {
+                                                       upd.source == source
+                                               } else { false }) {
                                                payment_preimage.0.copy_from_slice(&input.witness[1]);
-                                               self.pending_htlcs_updated.push(HTLCUpdate {
+                                               self.pending_monitor_events.push(MonitorEvent::HTLCEvent(HTLCUpdate {
                                                        source,
                                                        payment_preimage: Some(payment_preimage),
                                                        payment_hash
-                                               });
+                                               }));
                                        }
                                } else {
                                        log_info!(logger, "Failing HTLC with payment_hash {} timeout by a spend tx, waiting for confirmation (at height{})", log_bytes!(payment_hash.0), height + ANTI_REORG_DELAY - 1);
@@ -2180,34 +2275,48 @@ impl<ChanSigner: ChannelKeys> ChannelMonitor<ChanSigner> {
        fn is_paying_spendable_output<L: Deref>(&mut self, tx: &Transaction, height: u32, logger: &L) where L::Target: Logger {
                let mut spendable_output = None;
                for (i, outp) in tx.output.iter().enumerate() { // There is max one spendable output for any channel tx, including ones generated by us
+                       if i > ::std::u16::MAX as usize {
+                               // While it is possible that an output exists on chain which is greater than the
+                               // 2^16th output in a given transaction, this is only possible if the output is not
+                               // in a lightning transaction and was instead placed there by some third party who
+                               // wishes to give us money for no reason.
+                               // Namely, any lightning transactions which we pre-sign will never have anywhere
+                               // near 2^16 outputs both because such transactions must have ~2^16 outputs who's
+                               // scripts are not longer than one byte in length and because they are inherently
+                               // non-standard due to their size.
+                               // Thus, it is completely safe to ignore such outputs, and while it may result in
+                               // us ignoring non-lightning fund to us, that is only possible if someone fills
+                               // nearly a full block with garbage just to hit this case.
+                               continue;
+                       }
                        if outp.script_pubkey == self.destination_script {
                                spendable_output =  Some(SpendableOutputDescriptor::StaticOutput {
-                                       outpoint: BitcoinOutPoint { txid: tx.txid(), vout: i as u32 },
+                                       outpoint: OutPoint { txid: tx.txid(), index: i as u16 },
                                        output: outp.clone(),
                                });
                                break;
-                       } else if let Some(ref broadcasted_local_revokable_script) = self.broadcasted_local_revokable_script {
-                               if broadcasted_local_revokable_script.0 == outp.script_pubkey {
+                       } else if let Some(ref broadcasted_holder_revokable_script) = self.broadcasted_holder_revokable_script {
+                               if broadcasted_holder_revokable_script.0 == outp.script_pubkey {
                                        spendable_output =  Some(SpendableOutputDescriptor::DynamicOutputP2WSH {
-                                               outpoint: BitcoinOutPoint { txid: tx.txid(), vout: i as u32 },
-                                               per_commitment_point: broadcasted_local_revokable_script.1,
-                                               to_self_delay: self.on_local_tx_csv,
+                                               outpoint: OutPoint { txid: tx.txid(), index: i as u16 },
+                                               per_commitment_point: broadcasted_holder_revokable_script.1,
+                                               to_self_delay: self.on_holder_tx_csv,
                                                output: outp.clone(),
                                                key_derivation_params: self.keys.key_derivation_params(),
-                                               remote_revocation_pubkey: broadcasted_local_revokable_script.2.clone(),
+                                               revocation_pubkey: broadcasted_holder_revokable_script.2.clone(),
                                        });
                                        break;
                                }
-                       } else if self.remote_payment_script == outp.script_pubkey {
-                               spendable_output = Some(SpendableOutputDescriptor::StaticOutputRemotePayment {
-                                       outpoint: BitcoinOutPoint { txid: tx.txid(), vout: i as u32 },
+                       } else if self.counterparty_payment_script == outp.script_pubkey {
+                               spendable_output = Some(SpendableOutputDescriptor::StaticOutputCounterpartyPayment {
+                                       outpoint: OutPoint { txid: tx.txid(), index: i as u16 },
                                        output: outp.clone(),
                                        key_derivation_params: self.keys.key_derivation_params(),
                                });
                                break;
                        } else if outp.script_pubkey == self.shutdown_script {
                                spendable_output = Some(SpendableOutputDescriptor::StaticOutput {
-                                       outpoint: BitcoinOutPoint { txid: tx.txid(), vout: i as u32 },
+                                       outpoint: OutPoint { txid: tx.txid(), index: i as u16 },
                                        output: outp.clone(),
                                });
                        }
@@ -2250,7 +2359,7 @@ impl<ChanSigner: ChannelKeys + Readable> Readable for (BlockHash, ChannelMonitor
                let commitment_transaction_number_obscure_factor = <U48 as Readable>::read(reader)?.0;
 
                let destination_script = Readable::read(reader)?;
-               let broadcasted_local_revokable_script = match <u8 as Readable>::read(reader)? {
+               let broadcasted_holder_revokable_script = match <u8 as Readable>::read(reader)? {
                        0 => {
                                let revokable_address = Readable::read(reader)?;
                                let per_commitment_point = Readable::read(reader)?;
@@ -2260,7 +2369,7 @@ impl<ChanSigner: ChannelKeys + Readable> Readable for (BlockHash, ChannelMonitor
                        1 => { None },
                        _ => return Err(DecodeError::InvalidValue),
                };
-               let remote_payment_script = Readable::read(reader)?;
+               let counterparty_payment_script = Readable::read(reader)?;
                let shutdown_script = Readable::read(reader)?;
 
                let keys = Readable::read(reader)?;
@@ -2271,10 +2380,10 @@ impl<ChanSigner: ChannelKeys + Readable> Readable for (BlockHash, ChannelMonitor
                        index: Readable::read(reader)?,
                };
                let funding_info = (outpoint, Readable::read(reader)?);
-               let current_remote_commitment_txid = Readable::read(reader)?;
-               let prev_remote_commitment_txid = Readable::read(reader)?;
+               let current_counterparty_commitment_txid = Readable::read(reader)?;
+               let prev_counterparty_commitment_txid = Readable::read(reader)?;
 
-               let remote_tx_cache = Readable::read(reader)?;
+               let counterparty_tx_cache = Readable::read(reader)?;
                let funding_redeemscript = Readable::read(reader)?;
                let channel_value_satoshis = Readable::read(reader)?;
 
@@ -2293,7 +2402,7 @@ impl<ChanSigner: ChannelKeys + Readable> Readable for (BlockHash, ChannelMonitor
                        }
                };
 
-               let on_local_tx_csv: u16 = Readable::read(reader)?;
+               let on_holder_tx_csv: u16 = Readable::read(reader)?;
 
                let commitment_secrets = Readable::read(reader)?;
 
@@ -2313,23 +2422,23 @@ impl<ChanSigner: ChannelKeys + Readable> Readable for (BlockHash, ChannelMonitor
                        }
                }
 
-               let remote_claimable_outpoints_len: u64 = Readable::read(reader)?;
-               let mut remote_claimable_outpoints = HashMap::with_capacity(cmp::min(remote_claimable_outpoints_len as usize, MAX_ALLOC_SIZE / 64));
-               for _ in 0..remote_claimable_outpoints_len {
+               let counterparty_claimable_outpoints_len: u64 = Readable::read(reader)?;
+               let mut counterparty_claimable_outpoints = HashMap::with_capacity(cmp::min(counterparty_claimable_outpoints_len as usize, MAX_ALLOC_SIZE / 64));
+               for _ in 0..counterparty_claimable_outpoints_len {
                        let txid: Txid = Readable::read(reader)?;
                        let htlcs_count: u64 = Readable::read(reader)?;
                        let mut htlcs = Vec::with_capacity(cmp::min(htlcs_count as usize, MAX_ALLOC_SIZE / 32));
                        for _ in 0..htlcs_count {
                                htlcs.push((read_htlc_in_commitment!(), <Option<HTLCSource> as Readable>::read(reader)?.map(|o: HTLCSource| Box::new(o))));
                        }
-                       if let Some(_) = remote_claimable_outpoints.insert(txid, htlcs) {
+                       if let Some(_) = counterparty_claimable_outpoints.insert(txid, htlcs) {
                                return Err(DecodeError::InvalidValue);
                        }
                }
 
-               let remote_commitment_txn_on_chain_len: u64 = Readable::read(reader)?;
-               let mut remote_commitment_txn_on_chain = HashMap::with_capacity(cmp::min(remote_commitment_txn_on_chain_len as usize, MAX_ALLOC_SIZE / 32));
-               for _ in 0..remote_commitment_txn_on_chain_len {
+               let counterparty_commitment_txn_on_chain_len: u64 = Readable::read(reader)?;
+               let mut counterparty_commitment_txn_on_chain = HashMap::with_capacity(cmp::min(counterparty_commitment_txn_on_chain_len as usize, MAX_ALLOC_SIZE / 32));
+               for _ in 0..counterparty_commitment_txn_on_chain_len {
                        let txid: Txid = Readable::read(reader)?;
                        let commitment_number = <U48 as Readable>::read(reader)?.0;
                        let outputs_count = <u64 as Readable>::read(reader)?;
@@ -2337,22 +2446,22 @@ impl<ChanSigner: ChannelKeys + Readable> Readable for (BlockHash, ChannelMonitor
                        for _ in 0..outputs_count {
                                outputs.push(Readable::read(reader)?);
                        }
-                       if let Some(_) = remote_commitment_txn_on_chain.insert(txid, (commitment_number, outputs)) {
+                       if let Some(_) = counterparty_commitment_txn_on_chain.insert(txid, (commitment_number, outputs)) {
                                return Err(DecodeError::InvalidValue);
                        }
                }
 
-               let remote_hash_commitment_number_len: u64 = Readable::read(reader)?;
-               let mut remote_hash_commitment_number = HashMap::with_capacity(cmp::min(remote_hash_commitment_number_len as usize, MAX_ALLOC_SIZE / 32));
-               for _ in 0..remote_hash_commitment_number_len {
+               let counterparty_hash_commitment_number_len: u64 = Readable::read(reader)?;
+               let mut counterparty_hash_commitment_number = HashMap::with_capacity(cmp::min(counterparty_hash_commitment_number_len as usize, MAX_ALLOC_SIZE / 32));
+               for _ in 0..counterparty_hash_commitment_number_len {
                        let payment_hash: PaymentHash = Readable::read(reader)?;
                        let commitment_number = <U48 as Readable>::read(reader)?.0;
-                       if let Some(_) = remote_hash_commitment_number.insert(payment_hash, commitment_number) {
+                       if let Some(_) = counterparty_hash_commitment_number.insert(payment_hash, commitment_number) {
                                return Err(DecodeError::InvalidValue);
                        }
                }
 
-               macro_rules! read_local_tx {
+               macro_rules! read_holder_tx {
                        () => {
                                {
                                        let txid = Readable::read(reader)?;
@@ -2361,7 +2470,7 @@ impl<ChanSigner: ChannelKeys + Readable> Readable for (BlockHash, ChannelMonitor
                                        let b_htlc_key = Readable::read(reader)?;
                                        let delayed_payment_key = Readable::read(reader)?;
                                        let per_commitment_point = Readable::read(reader)?;
-                                       let feerate_per_kw: u64 = Readable::read(reader)?;
+                                       let feerate_per_kw: u32 = Readable::read(reader)?;
 
                                        let htlcs_len: u64 = Readable::read(reader)?;
                                        let mut htlcs = Vec::with_capacity(cmp::min(htlcs_len as usize, MAX_ALLOC_SIZE / 128));
@@ -2375,7 +2484,7 @@ impl<ChanSigner: ChannelKeys + Readable> Readable for (BlockHash, ChannelMonitor
                                                htlcs.push((htlc, sigs, Readable::read(reader)?));
                                        }
 
-                                       LocalSignedTx {
+                                       HolderSignedTx {
                                                txid,
                                                revocation_key, a_htlc_key, b_htlc_key, delayed_payment_key, per_commitment_point, feerate_per_kw,
                                                htlc_outputs: htlcs
@@ -2384,17 +2493,17 @@ impl<ChanSigner: ChannelKeys + Readable> Readable for (BlockHash, ChannelMonitor
                        }
                }
 
-               let prev_local_signed_commitment_tx = match <u8 as Readable>::read(reader)? {
+               let prev_holder_signed_commitment_tx = match <u8 as Readable>::read(reader)? {
                        0 => None,
                        1 => {
-                               Some(read_local_tx!())
+                               Some(read_holder_tx!())
                        },
                        _ => return Err(DecodeError::InvalidValue),
                };
-               let current_local_commitment_tx = read_local_tx!();
+               let current_holder_commitment_tx = read_holder_tx!();
 
-               let current_remote_commitment_number = <U48 as Readable>::read(reader)?.0;
-               let current_local_commitment_number = <U48 as Readable>::read(reader)?.0;
+               let current_counterparty_commitment_number = <U48 as Readable>::read(reader)?.0;
+               let current_holder_commitment_number = <U48 as Readable>::read(reader)?.0;
 
                let payment_preimages_len: u64 = Readable::read(reader)?;
                let mut payment_preimages = HashMap::with_capacity(cmp::min(payment_preimages_len as usize, MAX_ALLOC_SIZE / 32));
@@ -2406,14 +2515,19 @@ impl<ChanSigner: ChannelKeys + Readable> Readable for (BlockHash, ChannelMonitor
                        }
                }
 
-               let pending_htlcs_updated_len: u64 = Readable::read(reader)?;
-               let mut pending_htlcs_updated = Vec::with_capacity(cmp::min(pending_htlcs_updated_len as usize, MAX_ALLOC_SIZE / (32 + 8*3)));
-               for _ in 0..pending_htlcs_updated_len {
-                       pending_htlcs_updated.push(Readable::read(reader)?);
+               let pending_monitor_events_len: u64 = Readable::read(reader)?;
+               let mut pending_monitor_events = Vec::with_capacity(cmp::min(pending_monitor_events_len as usize, MAX_ALLOC_SIZE / (32 + 8*3)));
+               for _ in 0..pending_monitor_events_len {
+                       let ev = match <u8 as Readable>::read(reader)? {
+                               0 => MonitorEvent::HTLCEvent(Readable::read(reader)?),
+                               1 => MonitorEvent::CommitmentTxBroadcasted(funding_info.0),
+                               _ => return Err(DecodeError::InvalidValue)
+                       };
+                       pending_monitor_events.push(ev);
                }
 
                let pending_events_len: u64 = Readable::read(reader)?;
-               let mut pending_events = Vec::with_capacity(cmp::min(pending_events_len as usize, MAX_ALLOC_SIZE / mem::size_of::<events::Event>()));
+               let mut pending_events = Vec::with_capacity(cmp::min(pending_events_len as usize, MAX_ALLOC_SIZE / mem::size_of::<Event>()));
                for _ in 0..pending_events_len {
                        if let Some(event) = MaybeReadable::read(reader)? {
                                pending_events.push(event);
@@ -2466,41 +2580,41 @@ impl<ChanSigner: ChannelKeys + Readable> Readable for (BlockHash, ChannelMonitor
                let onchain_tx_handler = Readable::read(reader)?;
 
                let lockdown_from_offchain = Readable::read(reader)?;
-               let local_tx_signed = Readable::read(reader)?;
+               let holder_tx_signed = Readable::read(reader)?;
 
                Ok((last_block_hash.clone(), ChannelMonitor {
                        latest_update_id,
                        commitment_transaction_number_obscure_factor,
 
                        destination_script,
-                       broadcasted_local_revokable_script,
-                       remote_payment_script,
+                       broadcasted_holder_revokable_script,
+                       counterparty_payment_script,
                        shutdown_script,
 
                        keys,
                        funding_info,
-                       current_remote_commitment_txid,
-                       prev_remote_commitment_txid,
+                       current_counterparty_commitment_txid,
+                       prev_counterparty_commitment_txid,
 
-                       remote_tx_cache,
+                       counterparty_tx_cache,
                        funding_redeemscript,
                        channel_value_satoshis,
                        their_cur_revocation_points,
 
-                       on_local_tx_csv,
+                       on_holder_tx_csv,
 
                        commitment_secrets,
-                       remote_claimable_outpoints,
-                       remote_commitment_txn_on_chain,
-                       remote_hash_commitment_number,
+                       counterparty_claimable_outpoints,
+                       counterparty_commitment_txn_on_chain,
+                       counterparty_hash_commitment_number,
 
-                       prev_local_signed_commitment_tx,
-                       current_local_commitment_tx,
-                       current_remote_commitment_number,
-                       current_local_commitment_number,
+                       prev_holder_signed_commitment_tx,
+                       current_holder_commitment_tx,
+                       current_counterparty_commitment_number,
+                       current_holder_commitment_number,
 
                        payment_preimages,
-                       pending_htlcs_updated,
+                       pending_monitor_events,
                        pending_events,
 
                        onchain_events_waiting_threshold_conf,
@@ -2509,7 +2623,7 @@ impl<ChanSigner: ChannelKeys + Readable> Readable for (BlockHash, ChannelMonitor
                        onchain_tx_handler,
 
                        lockdown_from_offchain,
-                       local_tx_signed,
+                       holder_tx_signed,
 
                        last_block_hash,
                        secp_ctx: Secp256k1::new(),
@@ -2534,11 +2648,10 @@ mod tests {
        use ln::channelmonitor::ChannelMonitor;
        use ln::onchaintx::{OnchainTxHandler, InputDescriptors};
        use ln::chan_utils;
-       use ln::chan_utils::{HTLCOutputInCommitment, LocalCommitmentTransaction};
+       use ln::chan_utils::{HTLCOutputInCommitment, HolderCommitmentTransaction};
        use util::test_utils::TestLogger;
        use bitcoin::secp256k1::key::{SecretKey,PublicKey};
        use bitcoin::secp256k1::Secp256k1;
-       use rand::{thread_rng,Rng};
        use std::sync::Arc;
        use chain::keysinterface::InMemoryChannelKeys;
 
@@ -2552,10 +2665,8 @@ mod tests {
 
                let mut preimages = Vec::new();
                {
-                       let mut rng  = thread_rng();
-                       for _ in 0..20 {
-                               let mut preimage = PaymentPreimage([0; 32]);
-                               rng.fill_bytes(&mut preimage.0[..]);
+                       for i in 0..20 {
+                               let preimage = PaymentPreimage([i; 32]);
                                let hash = PaymentHash(Sha256::hash(&preimage.0[..]).into_inner());
                                preimages.push((preimage, hash));
                        }
@@ -2578,7 +2689,7 @@ mod tests {
                                }
                        }
                }
-               macro_rules! preimages_to_local_htlcs {
+               macro_rules! preimages_to_holder_htlcs {
                        ($preimages_slice: expr) => {
                                {
                                        let mut inp = preimages_slice_to_htlc_outputs!($preimages_slice);
@@ -2608,20 +2719,20 @@ mod tests {
                        (0, 0)
                );
 
-               // Prune with one old state and a local commitment tx holding a few overlaps with the
+               // Prune with one old state and a holder commitment tx holding a few overlaps with the
                // old state.
                let mut monitor = ChannelMonitor::new(keys,
                        &PublicKey::from_secret_key(&secp_ctx, &SecretKey::from_slice(&[42; 32]).unwrap()), 0, &Script::new(),
                        (OutPoint { txid: Txid::from_slice(&[43; 32]).unwrap(), index: 0 }, Script::new()),
                        &PublicKey::from_secret_key(&secp_ctx, &SecretKey::from_slice(&[44; 32]).unwrap()),
                        &PublicKey::from_secret_key(&secp_ctx, &SecretKey::from_slice(&[45; 32]).unwrap()),
-                       10, Script::new(), 46, 0, LocalCommitmentTransaction::dummy());
+                       10, Script::new(), 46, 0, HolderCommitmentTransaction::dummy());
 
-               monitor.provide_latest_local_commitment_tx_info(LocalCommitmentTransaction::dummy(), preimages_to_local_htlcs!(preimages[0..10])).unwrap();
-               monitor.provide_latest_remote_commitment_tx_info(&dummy_tx, preimages_slice_to_htlc_outputs!(preimages[5..15]), 281474976710655, dummy_key, &logger);
-               monitor.provide_latest_remote_commitment_tx_info(&dummy_tx, preimages_slice_to_htlc_outputs!(preimages[15..20]), 281474976710654, dummy_key, &logger);
-               monitor.provide_latest_remote_commitment_tx_info(&dummy_tx, preimages_slice_to_htlc_outputs!(preimages[17..20]), 281474976710653, dummy_key, &logger);
-               monitor.provide_latest_remote_commitment_tx_info(&dummy_tx, preimages_slice_to_htlc_outputs!(preimages[18..20]), 281474976710652, dummy_key, &logger);
+               monitor.provide_latest_holder_commitment_tx_info(HolderCommitmentTransaction::dummy(), preimages_to_holder_htlcs!(preimages[0..10])).unwrap();
+               monitor.provide_latest_counterparty_commitment_tx_info(&dummy_tx, preimages_slice_to_htlc_outputs!(preimages[5..15]), 281474976710655, dummy_key, &logger);
+               monitor.provide_latest_counterparty_commitment_tx_info(&dummy_tx, preimages_slice_to_htlc_outputs!(preimages[15..20]), 281474976710654, dummy_key, &logger);
+               monitor.provide_latest_counterparty_commitment_tx_info(&dummy_tx, preimages_slice_to_htlc_outputs!(preimages[17..20]), 281474976710653, dummy_key, &logger);
+               monitor.provide_latest_counterparty_commitment_tx_info(&dummy_tx, preimages_slice_to_htlc_outputs!(preimages[18..20]), 281474976710652, dummy_key, &logger);
                for &(ref preimage, ref hash) in preimages.iter() {
                        monitor.provide_payment_preimage(hash, preimage);
                }
@@ -2641,9 +2752,9 @@ mod tests {
                test_preimages_exist!(&preimages[0..10], monitor);
                test_preimages_exist!(&preimages[17..20], monitor);
 
-               // Now update local commitment tx info, pruning only element 18 as we still care about the
+               // Now update holder commitment tx info, pruning only element 18 as we still care about the
                // previous commitment tx's preimages too
-               monitor.provide_latest_local_commitment_tx_info(LocalCommitmentTransaction::dummy(), preimages_to_local_htlcs!(preimages[0..5])).unwrap();
+               monitor.provide_latest_holder_commitment_tx_info(HolderCommitmentTransaction::dummy(), preimages_to_holder_htlcs!(preimages[0..5])).unwrap();
                secret[0..32].clone_from_slice(&hex::decode("2273e227a5b7449b6e70f1fb4652864038b1cbf9cd7c043a7d6456b7fc275ad8").unwrap());
                monitor.provide_secret(281474976710653, secret.clone()).unwrap();
                assert_eq!(monitor.payment_preimages.len(), 12);
@@ -2651,7 +2762,7 @@ mod tests {
                test_preimages_exist!(&preimages[18..20], monitor);
 
                // But if we do it again, we'll prune 5-10
-               monitor.provide_latest_local_commitment_tx_info(LocalCommitmentTransaction::dummy(), preimages_to_local_htlcs!(preimages[0..3])).unwrap();
+               monitor.provide_latest_holder_commitment_tx_info(HolderCommitmentTransaction::dummy(), preimages_to_holder_htlcs!(preimages[0..3])).unwrap();
                secret[0..32].clone_from_slice(&hex::decode("27cddaa5624534cb6cb9d7da077cf2b22ab21e9b506fd4998a51d54502e99116").unwrap());
                monitor.provide_secret(281474976710652, secret.clone()).unwrap();
                assert_eq!(monitor.payment_preimages.len(), 5);
@@ -2669,40 +2780,40 @@ mod tests {
                let mut sum_actual_sigs = 0;
 
                macro_rules! sign_input {
-                       ($sighash_parts: expr, $input: expr, $idx: expr, $amount: expr, $input_type: expr, $sum_actual_sigs: expr) => {
+                       ($sighash_parts: expr, $idx: expr, $amount: expr, $input_type: expr, $sum_actual_sigs: expr) => {
                                let htlc = HTLCOutputInCommitment {
                                        offered: if *$input_type == InputDescriptors::RevokedOfferedHTLC || *$input_type == InputDescriptors::OfferedHTLC { true } else { false },
                                        amount_msat: 0,
                                        cltv_expiry: 2 << 16,
                                        payment_hash: PaymentHash([1; 32]),
-                                       transaction_output_index: Some($idx),
+                                       transaction_output_index: Some($idx as u32),
                                };
                                let redeem_script = if *$input_type == InputDescriptors::RevokedOutput { chan_utils::get_revokeable_redeemscript(&pubkey, 256, &pubkey) } else { chan_utils::get_htlc_redeemscript_with_explicit_keys(&htlc, &pubkey, &pubkey, &pubkey) };
-                               let sighash = hash_to_message!(&$sighash_parts.sighash_all(&$input, &redeem_script, $amount)[..]);
+                               let sighash = hash_to_message!(&$sighash_parts.signature_hash($idx, &redeem_script, $amount, SigHashType::All)[..]);
                                let sig = secp_ctx.sign(&sighash, &privkey);
-                               $input.witness.push(sig.serialize_der().to_vec());
-                               $input.witness[0].push(SigHashType::All as u8);
-                               sum_actual_sigs += $input.witness[0].len();
+                               $sighash_parts.access_witness($idx).push(sig.serialize_der().to_vec());
+                               $sighash_parts.access_witness($idx)[0].push(SigHashType::All as u8);
+                               sum_actual_sigs += $sighash_parts.access_witness($idx)[0].len();
                                if *$input_type == InputDescriptors::RevokedOutput {
-                                       $input.witness.push(vec!(1));
+                                       $sighash_parts.access_witness($idx).push(vec!(1));
                                } else if *$input_type == InputDescriptors::RevokedOfferedHTLC || *$input_type == InputDescriptors::RevokedReceivedHTLC {
-                                       $input.witness.push(pubkey.clone().serialize().to_vec());
+                                       $sighash_parts.access_witness($idx).push(pubkey.clone().serialize().to_vec());
                                } else if *$input_type == InputDescriptors::ReceivedHTLC {
-                                       $input.witness.push(vec![0]);
+                                       $sighash_parts.access_witness($idx).push(vec![0]);
                                } else {
-                                       $input.witness.push(PaymentPreimage([1; 32]).0.to_vec());
+                                       $sighash_parts.access_witness($idx).push(PaymentPreimage([1; 32]).0.to_vec());
                                }
-                               $input.witness.push(redeem_script.into_bytes());
-                               println!("witness[0] {}", $input.witness[0].len());
-                               println!("witness[1] {}", $input.witness[1].len());
-                               println!("witness[2] {}", $input.witness[2].len());
+                               $sighash_parts.access_witness($idx).push(redeem_script.into_bytes());
+                               println!("witness[0] {}", $sighash_parts.access_witness($idx)[0].len());
+                               println!("witness[1] {}", $sighash_parts.access_witness($idx)[1].len());
+                               println!("witness[2] {}", $sighash_parts.access_witness($idx)[2].len());
                        }
                }
 
                let script_pubkey = Builder::new().push_opcode(opcodes::all::OP_RETURN).into_script();
                let txid = Txid::from_hex("56944c5d3f98413ef45cf54545538103cc9f298e0575820ad3591376e2e0f65d").unwrap();
 
-               // Justice tx with 1 to_local, 2 revoked offered HTLCs, 1 revoked received HTLCs
+               // Justice tx with 1 to_holder, 2 revoked offered HTLCs, 1 revoked received HTLCs
                let mut claim_tx = Transaction { version: 0, lock_time: 0, input: Vec::new(), output: Vec::new() };
                for i in 0..4 {
                        claim_tx.input.push(TxIn {
@@ -2720,10 +2831,12 @@ mod tests {
                        value: 0,
                });
                let base_weight = claim_tx.get_weight();
-               let sighash_parts = bip143::SighashComponents::new(&claim_tx);
                let inputs_des = vec![InputDescriptors::RevokedOutput, InputDescriptors::RevokedOfferedHTLC, InputDescriptors::RevokedOfferedHTLC, InputDescriptors::RevokedReceivedHTLC];
-               for (idx, inp) in claim_tx.input.iter_mut().zip(inputs_des.iter()).enumerate() {
-                       sign_input!(sighash_parts, inp.0, idx as u32, 0, inp.1, sum_actual_sigs);
+               {
+                       let mut sighash_parts = bip143::SigHashCache::new(&mut claim_tx);
+                       for (idx, inp) in inputs_des.iter().enumerate() {
+                               sign_input!(sighash_parts, idx, 0, inp, sum_actual_sigs);
+                       }
                }
                assert_eq!(base_weight + OnchainTxHandler::<InMemoryChannelKeys>::get_witnesses_weight(&inputs_des[..]),  claim_tx.get_weight() + /* max_length_sig */ (73 * inputs_des.len() - sum_actual_sigs));
 
@@ -2742,10 +2855,12 @@ mod tests {
                        });
                }
                let base_weight = claim_tx.get_weight();
-               let sighash_parts = bip143::SighashComponents::new(&claim_tx);
                let inputs_des = vec![InputDescriptors::OfferedHTLC, InputDescriptors::ReceivedHTLC, InputDescriptors::ReceivedHTLC, InputDescriptors::ReceivedHTLC];
-               for (idx, inp) in claim_tx.input.iter_mut().zip(inputs_des.iter()).enumerate() {
-                       sign_input!(sighash_parts, inp.0, idx as u32, 0, inp.1, sum_actual_sigs);
+               {
+                       let mut sighash_parts = bip143::SigHashCache::new(&mut claim_tx);
+                       for (idx, inp) in inputs_des.iter().enumerate() {
+                               sign_input!(sighash_parts, idx, 0, inp, sum_actual_sigs);
+                       }
                }
                assert_eq!(base_weight + OnchainTxHandler::<InMemoryChannelKeys>::get_witnesses_weight(&inputs_des[..]),  claim_tx.get_weight() + /* max_length_sig */ (73 * inputs_des.len() - sum_actual_sigs));
 
@@ -2762,10 +2877,12 @@ mod tests {
                        witness: Vec::new(),
                });
                let base_weight = claim_tx.get_weight();
-               let sighash_parts = bip143::SighashComponents::new(&claim_tx);
                let inputs_des = vec![InputDescriptors::RevokedOutput];
-               for (idx, inp) in claim_tx.input.iter_mut().zip(inputs_des.iter()).enumerate() {
-                       sign_input!(sighash_parts, inp.0, idx as u32, 0, inp.1, sum_actual_sigs);
+               {
+                       let mut sighash_parts = bip143::SigHashCache::new(&mut claim_tx);
+                       for (idx, inp) in inputs_des.iter().enumerate() {
+                               sign_input!(sighash_parts, idx, 0, inp, sum_actual_sigs);
+                       }
                }
                assert_eq!(base_weight + OnchainTxHandler::<InMemoryChannelKeys>::get_witnesses_weight(&inputs_des[..]), claim_tx.get_weight() + /* max_length_isg */ (73 * inputs_des.len() - sum_actual_sigs));
        }