Crypto 101: Lightning Network

ooooooooh

I like the Jack & Jill explanation. I didn't know Adam Sandler used Bitcoin ;)

Explained it very well! Great job!

<3

Good info, an well put. 👩‍💻💪💪🏿📈📉📈📉👨🏼‍💻

Very good explained ! What do you think about eth? Will it go up soon?

Came across your channel from watching your stream with KDubb. You’re very well spoken and provide great content, glad to watch your videos now. Thanks for sharing this info with us. Very pretty by the way :)

Good vid! Please take a look at Nano. Has this built in instead of on top. Much better and faster. And the best part: Nano doesn't has fees! Please do a vid on Nano

Wait, so if you want send someone 1 bitcoin, for the initial transaction, you would have to lock up 0.5 bitcoin each, costing each party 1.5 bitcoin to do the transaction? I don’t think I understand it because that sounds really bad

Another great video, thanks!!! So in summary I believe it's not replacing nano or dash evolution technology, both are easier to use as a coin in my humble opinion.

wow

Love your videos! You should do a review video on Skycoin, their vision and team are amazing!

Glad you were on with Kdub! Love your videos! Thanks!

Now I'm wondering if the Lightning Network will outperform Nano/RaiBlocks, and whether or not I should sell my Nano. I know that Nano transaction fees are supposed to be free and you don't have to be online right then to receive your coins, so those are some pluses for Nano, but BTC is so established already that Lightning Network might end up killing Nano regardless. I don't know. I guess we'll see. :)

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great channel ....!!!!!

Saw you on Crypto Zombie's channel. I am here to check your videos. Hopefully, I will subscribe. Thanks for providing great contents

Great explained, I shared this video in my private crypto group! best regards from germany

Is it politically incorrect to mention the color of your nail polish? Great color that I found following and had to rewind many times to get listen to the information again. Keep up the great work.

You have to figure out where the subscribe button is 😂

Great details.. All the way to your nails matching the reflection in your glasses. Not going to see that level of detail with The Crypto Lark, Boxmining, or Ivan on tech. :)

I think you forgot an important part, that is that every end of the channel can at any moment close the channel even if the other party won't cooperate. And the time lock system to prevent a party of submitting an older state to the blockchain

I think you are awesome. Subscribed instantly after seeing you on the livestream with K-Dub yesterday. Keep up the good work!!! Love from the Netherlands.

good vid. i think lightning m might be what moves things forward. the next big step. for all

hi crypto candor when i make my millions can i take to dinner?????pls....

There are 3 different versions of lighting network 1. Elements Project (Blockstream (c-lightning, depending on Bitcoin Core/bitcoind), 2. Lightning Labs Elizabeth Stark and er group just raised $2.5 mm (lnd, depending on btcsuite/btcd or Bitcoin Core/bitcoind), and 3. ACINQ (eclair).

The Lightning Network is just an initiative to take $$$ and influence from mining pools. That is unless the BitCoin suggestion box is overflowing with requests to tie-up capital pre-funding channels and having to be online to receive your funds. ;-)
If ur a Crypto Lover and FAST/FREE transactions are what u want...use Nano.
And for non-crypto Joe & Jane... They'll be sticking with cashback Credit Cards and free services like Google Pay.

Great job. Thank you for make it easy to understand. Keep going

brutal as it may be, to me the lightning network seems a bandaid solution, polishing a turd so to speak: bitcoin doesn't need a bandaid to compete with the technological potential of other cryptos, it needs a transplant - it doesn't need a layering solution, it needs to be completely redesigned - the addition of the lightning network seems to add more clutter to the process, when the problem actually lies at the root of bitcoin's design - at least when compared to other cryptos - this is just my impression mind you. much thanks for another great video

It would be great if you could do a comparison of the lightning network to the plasma solutions coming out for ethereum too - what's different, what's similar, timelines etc.

much appreciated

Since you like privacy coins. You should check out ColossusXt coin, next big privacy coin.

But lightening still doesn't solve scalability. Everyone will want to confirm their money. Why would you keep a payment channel open after a transaction?

Elizabeth Stark and Elizabeth Holmes could be sisters.

Your channel is so good! It has become my favorite Since Boxmining went crazy and Doug Polk went missing... Your videos are thorough, well edited, and very understandable. And it also makes your videos extra enjoyable to watch because you are really pretty too! I tell everyone about your channel and I tipped you some Bitcoin; it's only fair. :)

I’m in 💚

New profile pic is rad !

Excellent video regarding LN

Solid breakdown.
The fact it can be used with TOR and will also have atomic swaps introduced into the GUI I think you might be incorrect regarding the lack of privacy when if comes "back on chain" (as it is a side chain as you stated).

Or in other words from what I understand of it (I could be wrong though). You can enter and exit the network without even having to open anything on the Bitcoin blockchain because there are "nodes" to facilitate this option within blockstream for the atomic swap and privacy purpose.