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Writer's pictureFahad H

Bitcoin Q&A: How do fee channels work?


Can you clarify how Lightning Network and fee channels work? Will the channels have scaling issues? Can Lightning be interoperable with out SegWit? Is Lightning additionally for altcoins? Interoperability requirements. Who runs Lightning nodes? The greater it will get, the much less we find out about how huge it’s.

NOTE: On December 27th, a Lightning developer wrote “How Lightning Currently Cannot Work Across Assets, or, An Argument For Single-Asset Lightning Network,” concerning the “significant technical barrier[s]” and incentive points when utilizing HTLCs for foreign money conversions, which is one thing I talked about on this video beginning at 11:42. Read it for extra perspective on this matter: https://lists.linuxfoundation.org/pipermail/lightning-dev/2018-December/001752.html

These questions are from the MOOC 10.5 and 10.6 classes, which happened on October fifth and October 11th 2018, respectively. If you need early-access to talks and an opportunity to take part within the month-to-month dwell Q&As with Andreas, turn out to be a patron: https://www.patreon.com/aantonop

RELATED: Bitcoin, Lightning, and Streaming Money – https://youtu.be/gF_ZQ_eijPs The Internet of Money: Five Years Later – https://youtu.be/6xIq0FdmsIA The Lightning Network – https://www.youtube.com/playlist?list=PLPQwGV1aLnTurL4wU_y3jOhBi9rrpsYyi Advanced Bitcoin Scripting, Part 1: Transactions and Multisig – https://youtu.be/8FeAXjkmDcQ Advanced Bitcoin Scripting, Part 2: SegWit, Consensus, and Trustware – https://youtu.be/pQbeBduVQ4I The Lightning Network – https://youtu.be/vPnO9ExJ50A Lightning’s safety mannequin – https://youtu.be/_GNsT_ufkec Misconceptions concerning the Lightning Network – https://youtu.be/c4TjfaLgzj4 Eltoo, and the early days of Lightning – https://youtu.be/o6eFZ5aI9N0 Lightning Network scaling – https://youtu.be/4KiWkwo48k0 Lightning Network interoperability – https://youtu.be/1HYMWcJHGXc Lightning Network recreation idea – https://youtu.be/7if0DuTtozY Lightning charges and censorship resistance – https://youtu.be/DVF27my9V2w Atomic swaps – https://youtu.be/fNFBA2UmUmg Running nodes and fee channels – https://youtu.be/ndcfBfE_yoY What is Segregated Witness (SegWit)? – https://youtu.be/dtOjjB4mD8k SegWit and fork analysis – https://youtu.be/OorLoi01KEE Smart contracts, sidechains, and Lightning – https://youtu.be/wfxticQHvaw Sidechains and federated consensus – https://youtu.be/mHLgpX4VYBQ

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has turn out to be probably the most well-known and revered figures in bitcoin.

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

He is the creator of two books: “Mastering Bitcoin,” printed by O’Reilly Media and thought of the most effective technical information to bitcoin; “The Internet of Money,” a e book about why bitcoin issues.

Subscribe to the channel to study extra about Bitcoin & open blockchains; click on on the purple bell to allow notifications about new movies!

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

Translations of MASTERING BITCOIN: bitcoin/” goal=”_blank”>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, ‘???????? ?????’ (v1) – https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg Vietnamese, ‘Internet C?a Ti?n T?’ (v1) – https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM (This fall): 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/)

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