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

Par : Everest Media
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  • FormatePub
  • ISBN8822531918
  • EAN9798822531918
  • Date de parution25/07/2022
  • Protection num.Digital Watermarking
  • Taille1 Mo
  • Infos supplémentairesepub
  • ÉditeurA PRECISER

Résumé

Please note: This is a companion version & not the original book. Sample Book Insights: #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.
Please note: This is a companion version & not the original book. Sample Book Insights: #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.