HomeGuidesAndreas M. AntonopoulosBitcoin Q&A: Lightning and Onion Routing

Bitcoin Q&A: Lightning and Onion Routing

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How will Lightning Network(s) 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?

Note: In this video I said, “There is also a company called Lightning Network”, but I misspoke. The company name is “Lightning Labs”. As I explained, the Lightning Network is an open protocol, like Bitcoin, and is a collaboration between 6 teams & companies producing open source software to a common specification.

Chapters
0:00 How confident are you that lightning networks will bring the desired scalability and security to the network?
0:35 I’ve already been running a beta test software
1:04 Bolt
2:30 Companies that’s been doing interoperability testing
4:15 Onion routing protocol
6:38 Will lightning itself become centralized? Are there particular incentives to run a hub?
8:58 Lightning Network Daemon

lnd (Lightning Labs), c-lightning (Blockstream), eclair (ACINQ):
https://github.com/lightningnetwork/lightning-rfc/blob/master/00-introduction.md
https://github.com/ElementsProject/lightning
https://github.com/ACINQ/eclair

Integration tests: https://cdecker.github.io/lightning-integration/

BOLT RFC – https://github.com/lightningnetwork/lightning-rfc

Onion Routing implementation – https://github.com/LightningNetwork/lightning-onion

This was part of the first monthly live Patreon Q&A session on November 27th, 2017. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

RELATED:
The Lightning Network – https://youtu.be/vPnO9ExJ50A
Bitcoin, Lightning, and Streaming Money – https://youtu.be/gF_ZQ_eijPs
Running nodes and payment channels – https://youtu.be/ndcfBfE_yoY
What is the role of nodes? – https://youtu.be/fNk7nYxTOyQ
Lightning, full nodes, and miners – https://youtu.be/dlJG4OHdJzs
Atomic swaps – https://youtu.be/fNFBA2UmUmg
Microfinance and streaming money – https://youtu.be/xs6hUcfuX9w
Fungibility, privacy, anonymity – https://youtu.be/y3s8c7YDtXU
SegWit, scaling, and consensus – https://youtu.be/Jc7mrR6AAto
Lightning Network without SegWit? – https://youtu.be/wqbQJ82Hf0s
Scaling is a moving target – https://youtu.be/pT9kJq_Ogrk
Altcoins and the scaling debate – https://youtu.be/slbpdW-H3yk
Introduction to the Internet of Money – https://youtu.be/rc744Z9IjhY
Bitcoin: Where the Laws of Mathematics Prevail – https://youtu.be/HaJ1hvon0E0
Worse Than Useless: Financial Surveillance – https://youtu.be/n4F-h4xuXMk

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!

MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs

THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, ‘Internet del Dinero’ (v1) – https://amzn.to/2yoaTTq
French, ‘L’internet de l’argent’ (v1) – https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, ‘Интернет денег’ (v1) – https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, ‘Internet Của Tiền Tệ’ (v1) – https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK

Music: “Unbounded” by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Join the aantonop Channel: https://aantonop.io/joinaantonopyt

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