Name: Unlimited
Brand: Storytel
SKU: 7777
Availability: InStock

IRB Media

Please note: This is a companion version & not the original book. Book Preview: 

#1 The Lightning Network is a network of payment channels that allows users to make instant, off-chain payments. It is a layer above the Bitcoin blockchain that allows people to transact quickly and securely.

#2 A payment channel is a financial relationship between two nodes, called the channel partners, that allocates a balance of funds between the two channel partners. The cryptographic protocol ensures that one channel partner cannot cheat the other.

#3 The payment channel is based on a 2-of-2 multisignature address on the Bitcoin blockchain, for which you hold one key and your channel partner holds the other key. You and your channel partner negotiate a sequence of transactions that spend from this multisignature address.

#4 The Lightning Network is a comprehensive communication protocol that allows peers to exchange Lightning messages to achieve the transfer of bitcoin. The communication protocol defines how Lightning messages are encrypted and exchanged.

Summary of Andreas M. Antonopoulos, Olaoluwa Osuntokun & René Pickhardt's Mastering the Lightning Network

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