BITCOIN: Lightning Network

in #bitcoin • 8 years ago (edited)

Andreas Antonopoulos explains Lightning Network and debunks scary FUD stories about “Bitcoin Centralization”. On the contrary. Bitcoin will be even more decentralized and truly anonymous — while solving a scaling problem!



In this first video you will find out how Lightning Network(s) will improve scalability and privacy in Bitcoin. What is the Basis of Lightning Technology (BOLT) interoperability standard? How many implementations are there? Onion-routed, anonymous payments payments. Are there centralisation risks?

Duration: 10:13



In this second video Andreas Antonopoulos answers several more questions: Should more people run nodes? What is a pruned node? What are the costs? Why would a satellite connection be valuable to the network in terms of reliability and censorship resistance? You should run a node on hardware you control in order to independently validate and broadcast transactions (especially your own).

Duration: 10:14



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#money #lightning #technology #science
8 years ago in #bitcoin by
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     8 years ago  

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