#bitcoinscaling #lightningnetwork #bitcoinwallet
The Bitcoin Lightning Network, the long talked about and seemingly desired bitcoin scaling solution, hasn’t gained much traction in its current form. It’s still reserved for Bitcoin geeks and has yet to enter mainstream conversation. However, you don’t have to know what a bitcoin lightning node is to understand how it works. Tune in as we succinctly answer the question, “what is the Bitcoin Lightning Network?” In simple terms.
What is Bitcoin? Lightning Network Explained, chapters:
0:00 Introduction: What is Bitcoin & Bitcoin History recap.
0:46 Bitcoin Scalability: Bitcoin transaction speed remains a barrier to Bitcoin adoption.
1:07 Transferring Money Across Borders: Bitcoin is a better solution than using traditional financial system
1:38 Bitcoin Lightning Network: This Bitcoin scaling solution is a layer 2 network that runs on top of Bitcoin.
3:39 Lightning Network Progress: The Bitcoin Lightning Network still has ways to go in terms of user-friendliness needed for wider adoption.
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Bitcoin Lightning Network Explained with Layah Heilpern
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Hi can you please tell me where to buy this. I’ve looked all over and don’t trust mexc.
Make BTC truly private just like XMR so it won't be a tool for political dictatorship and mass surveillance
i clicked this hoping to learn how to use LN on Exodus…i guess it's not available yet?
I enjoy buying drugs such as coffee with my Bitcoins.
But Bitcoin is still not as carbon neutral as xrp for now?
Coffee is code for prostitute/drugs
It's hard to watch this video with hand 🤣🤣
Holy smokes this was mindblowing for me. I had no idea how lightning actually worked – the concept of an open channel is amazing. If the balance check of each party only occurs at the beginning of opening a channel, how can we ensure that the counter party hasn't opened a channel with someone else too and hasn't spent the same funds with us and their other counterparty? Or is it a deposit at the beginning and not a balance check?
so when "two users open a channel betwene them", is that between me and the merchant or me and a surrogate Visa?
If it's between me and the merchant, does that mean I'd have to create a channel with every merchant I want to buy from
Why should Bitcoin be practical for everyday purchases? It’s best at storing value. No one buys coffee with gold.
Damn that painting is ugly though
She's the best ♥️♥️♥️
Lightning network is FIAT 2.0 and leads the original concept of Bitcoin as a peer to peer electronic cash system ad absurdum.
Just make the blocks bigger and read the whitepaper again and understand what Bitcoin is all about. Lightning network has nothing to do with cryptocurrency and is completely unnecessary.
This video was actually quite informative. Thank you!
Exodus please share how we can get Bitcoin Lighting Network?
Thx. Still don’t fully comprehend. Might watch again
"The coffee's probably already cold" said while we're seeing a cup of iced coffee. Yup. Transferring BTC can take so long that it'll turn your hot coffee into iced coffee!
what cryptos pay for running nodes
Just use Bitcoin Cash. They have proved Bitcoin can scale on chain.
Can you turn off your computer and leave your channel open. Then come back in 10 years and spend it?