NCFAs innovation and funding ecosystem

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Andreas M. Antonopoulos: Lightning Network Explained
Category : Blockchain and Cryptocurrency
Hits : 2524
For the non-technical, what is the Lightning Network? How does it function? In this video Andreas walks through what's happening on the Lightning Network, all in a non-technical fashion. From funding transactions, to channels, routing, fees, security and trustlessness, this clip will give you a good overview of what's happening! 00:00 The Lightning Network is not a sidechian, it's an overlay network. 00:50 Lightning payments are Bitcoin payments. 01:49 The blockchain features necessary for Lightning, multi-sig and timelocks. 02:35 How the Lightning Network is setup. Funding transactions. 03:50 What is a payment channel? 04:42 Lightning local and remote balances. 05:31 Offchain transactions 08:43 Routing payments on the Lightning Network 10:30 Lightning is a trustless, non-custodial network 11:13 Lightning routing fees 11:42 Lightning Network overview summary
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5 Responses to Featured Videos

  1. Edward says:

    To look at your perspective on what would be the most appropriate site to source crowdfunding for health business related business venture.
    The funding is for development stage.

    Thanks
    Edward

  2. […] Invitations were sent in advance to a community of top entrepreneurs, innovators, investors and regulatory and ministerial officials who were present for this ground breaking formal event/announcement held at VendAsta Technologies, Suite 405, 220 3rd, Avenue Building, Saskatoon (see Video). […]

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