THE VIDEO SHELF · lightning network
The Lightning Network Explained (Litecoin/Bitcoin)
An 8-minute explainer on the Lightning Network and how it relates to Segwit, Bitcoin and Litecoin. It covers how off-chain payment channels route payments to scale blockchain transactions.
Why HN readers recommended it
Commenters point to it as a short, high-level overview of how Lightning payment channels work.
This is a summary from the source dataset, not an endorsement by Hacker News or the video creator.
Video & recommendation details
- Creator / channel
- Franklyn
- Topic
- lightning network
- Format
- explainer
- Level
- intro
- HN recommenders in dataset
- 2
- HN mentions in dataset
- 3
- Recommendation years in dataset
- 2017–2018
These counts and years describe the included Hacker News records; they are not YouTube views or the video’s publication date.
From the original HN conversations
Excerpts from the recorded comments. Follow each source for the full comment and surrounding discussion.
> partly because these off-chain networks would quickly form large central "hubs" which would obviate many of the benefits of Bitcoin The Lightning Network is open-source and decentralized. It has no "hubs", but rather just peers that route payments to each-other using a payment routing …
nadaviv on Hacker News · 2017-02
In The True Cost of Bitcoin TransactionsEach transaction spending the locked funds bears the signature of the party making the payment. The other party can then provide the counter-signature making the transaction valid on the Bitcoin network. The main security problem to solve is preventing one party from publishing a previous …
apo on Hacker News · 2018-03
In First Lightning mainnet release
Summaries, classifications and recommendation records are from the HackerTube source dataset. Read about this library and its limitations.