Lightning Network - Ep2 - How Does It Work?

This episode explores the inner workings of the Lightning Network, including topics such as payment channels, onion routing, centralization risk, and challenges that still lie ahead.

00:45 Is Lightning Network a project, protocol, or company?
02:29 Payment channels
07:13 Routed payment channels (AKA the Lightning Network)
08:33 Tradeoffs
10:15 Nodes
10:53 Routes
12:28 Onion routing
13:40 Topology randomization
14:06 Route randomization
14:41 Network architectures
15:47 Risk of centralization
20:15 Keeping payment channels open
21:11 Limitations
24:17 Cryptographic primitives required to run the Lightning Network
24:49 When will the Lightning Network be ready?

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