EPISODE · Sep 1, 2016 · 1H 8M
TBP83 - Lightning Network Deep Dive
from The Bitcoin Podcast · host Corey Petty, Demetrick Ferguson, Jessie Santiago
We (up 'til now) haven't talked to much about the Lightning Network. The Lightning Network is a network of payment channels. When Alice wants to pay Carol, or Dave, or Susan, she finds the shortest route and makes a payment through the route using smart contracts. If Alice cannot find any route to pay Dave, Alice opens up a channel directly to Dave. Makes sense? No? Well...for starters our guest is Olaoluwa Osuntokun who might know a thing or two about it. In addition, Steven Mckie (Yours) and Valerian Bennett (PopChest) join us as the Bitcoin Justice League assembles to talk how this network affects their own creations.
What this episode covers
We (up 'til now) haven't talked to much about the Lightning Network. The Lightning Network is a network of payment channels. When Alice wants to pay Carol, or Dave, or Susan, she finds the shortest route and makes a payment through the route using smart contracts. If Alice cannot find any route to pay Dave, Alice opens up a channel directly to Dave. Makes sense? No? Well...for starters our guest is Olaoluwa Osuntokun who might know a thing or two about it. In addition, Steven Mckie (Yours) and Valerian Bennett (PopChest) join us as the Bitcoin Justice League assembles to talk how this network affects their own creations.
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TBP83 - Lightning Network Deep Dive
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