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The Lightning Network Explained (Litecoin/Bitcoin)

Franklyn · explainer · Watch on YouTube

CryptographyDistributed systems

What it is

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 Hacker News recommends it

Commenters point to it as a short, high-level overview of how Lightning payment channels work.

  • 2 people recommended it
  • 2 different months
  • 0 strong recommendations
  • first 2017, last 2018

What HN commenters said

  1. “Explains how Lightning scales Bitcoin via off-chain payment routing.”

    nadaviv, 2017-02 · Recommendation · in “The True Cost of Bitcoin Transactions”

  2. “This video gives a high-level overview”

    High-level overview of how Lightning payment channels work.

    apo, 2018-03 · Recommendation · in “First Lightning mainnet release”

Excerpts from Hacker News comments, linked to the originals. Summaries and labels were written by a language model from those comments.

Topics: lightning network, bitcoin, litecoin, segwit, payment channels

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