Link aggregation or "Port Trunking" in HP world is the combination of up to 4 or 8 (depends on the switch) links into a logical link. HP offers two methods of doing this:
1. HP port trunking
2. LACP -Link Aggregation Control Protocol
Both require same speed links with LACP adding the additional requirement of operating in full-duplex mode.
Both methods distribute the load evenly across all links involved in the trunk.
Think of it like you have a 2 lane highway whose speed limit is 65mph. With "port trunking", you increase the highway to say a 4 lane highway, but the speed limit is still 65mph... Your just given the opportunity to have more cars on the highway than before, but there still bound to go the speed limit.
To configure "port trunking" from the config prompt:
switch(config)# trunk A1,A2 trk1 trunk
trunk -starts the command
A1,A2 -ports to add to the trunk
trk1 -trk1, trk2, etc... are fixed label names for trunks
trunk -do not use protocol to create or maintain trunk;
instead of using trunk at the end, you could have opted for LACP - which would use the 802.1ad link aggregation protocol to create and maintain the trunk.
Only after creating the trunk can you then add the trunk to a specific VLAN.
Note LACP does require additional configuration than stated above, but "port trunking" is the default.
Again, if you have 2 links in your trunk, you are not creating a 2Gb pipe between your switches, you are just adding a lane to your highway to allow more cars to travel the 1Gb road at the same time.
Hope that makes sense and helps out. Let me know.
Thanks.