Lightning Network: Payments so small, it's a stream (S03 E10)

Lightning Network is a network of payment forwarders layered on top of Bitcoin to enable small, fast micropayments with low fees. Links/Resources: - https://lightning.network/ - https://www.swanbitcoin.com/a-look-at-the-lightning-network/ - [https://web.archive.org/web/20150301190111/http://lightning.network/lightning-network.pdf](https://web.archive.org/web/20150301190111/http://lightning.network/lightning-network.pdf) - [https://lightning.network/lightning-network-technical-summary.pdf](https://lightning.network/lightning-network-technical-summary.pdf) - [https://open.spotify.com/episode/1usKtNJonBszrq5lzad8eh?si=RvuAtKbjSqmyfT--FkNogg](https://open.spotify.com/episode/1usKtNJonBszrq5lzad8eh?si=RvuAtKbjSqmyfT--FkNogg) About routing - [https://www.kevinrooke.com/post/when-sending-money-is-instant-and-free](https://www.kevinrooke.com/post/when-sending-money-is-instant-and-free) - [https://www.kevinrooke.com/post/the-lightning-networks-next-big-use-case](https://www.kevinrooke.com/post/the-lightning-networks-next-big-use-case) - [https://bitfury.com/content/downloads/whitepaper_flare_an_approach_to_routing_in_lightning_network_7_7_2016.pdf](https://bitfury.com/content/downloads/whitepaper_flare_an_approach_to_routing_in_lightning_network_7_7_2016.pdf) - [https://1ml.com/](https://1ml.com/) - [https://explorer.acinq.co/](https://explorer.acinq.co/) - [https://github.com/davidshares/Lightning-Network](https://github.com/davidshares/Lightning-Network) - [https://docs.lightning.engineering/](https://docs.lightning.engineering/) - [https://twitter.com/kerooke](https://twitter.com/kerooke) - [https://blog.coinbase.com/is-the-bitcoin-lightning-network-for-real-26e47029687f](https://blog.coinbase.com/is-the-bitcoin-lightning-network-for-real-26e47029687f) - [https://vitalik.ca/general/2021/01/05/rollup.html](https://vitalik.ca/general/2021/01/05/rollup.html) (good summary on payment channels and how they compare to rollups, even though this is on ethereum network) - [https://www.impervious.ai/](https://www.impervious.ai/) - [https://diar.co/volume-2-issue-25/](https://diar.co/volume-2-issue-25/) - [https://www.youtube.com/watch?v=qUAyW4pdooA](https://www.youtube.com/watch?v=qUAyW4pdooA) - [https://github.com/bcongdon/awesome-lightning-network](https://github.com/bcongdon/awesome-lightning-network) Show notes - Patio11: https://twitter.com/patio11 - Flare routing: https://bitfury.com/content/downloads/whitepaper_flare_an_approach_to_routing_in_lightning_network_7_7_2016.pdf - The nature of the firm https://onlinelibrary.wiley.com/doi/full/10.1111/j.1468-0335.1937.tb00002.x Chapters: [00:02:21] What is Lightning Network? [00:08:53] How does it work? [00:18:51] Payments without Infrastructure [00:25:34] Routing the Network [00:36:00] Low value, High volume [00:39:42] Micropayments for API metering [00:43:09] Micropayments for Open Source [00:49:12] Idea Accrediation Network [01:01:20] Structuring Our Society [01:15:01] Micropayments Change Relationships of the Firm [01:21:36] Taking a position ===== About “The Technium” ===== The Technium is a weekly podcast discussing the edge of technology and what we can build with it. Each week, Sri and Wil introduce a big idea in the future of computing and extrapolate the effect it will have on the world. Follow us for new videos every week on web3, cryptocurrency, programming languages, machine learning, artificial intelligence, and more! ===== Socials ===== WEBSITE: [https://technium.transistor.fm/](https://technium.transistor.fm/) SPOTIFY: [https://open.spotify.com/show/1ljTFMgTeRQJ69KRWAkBy7](https://open.spotify.com/show/1ljTFMgTeRQJ69KRWAkBy7) APPLE PODCASTS: [https://podcasts.apple.com/us/podcast/the-technium/id1608747545](https://podcasts.apple.com/us/podcast/the-technium/id1608747545)