Lightning Network - Ep2 - How Does It Work?
Channel: Decred
Date: 2018-04-10

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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