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A Technical Introduction to The Lightning Network - We Are Developers 2020 3 года назад


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A Technical Introduction to The Lightning Network - We Are Developers 2020

We Are Developers is a conference catering to a developer audience. I've spoken live at this event many times before but due to COVID, the event this year was held online. This is a technical talk, specifically intended for developers. If you want an understanding how bitcoin and the lighting network actually work behind the scenes then this talk is for you. Chapters 0:00 A technical introduction to the Lightning Network 0:19 Download the slides and use them under a Creative Commons license 0:36 Book: Mastering Bitcoin 2nd Edition, where to find it 1:21 Book: Mastering the Lighting Network, where to find it and how to collaborate 1:52 40+ ad-free videos on the Lightning Network 2:19 What is the Lightning Network? 2:40 BOLT Standard 2:57 Overview of the presentation: Bitcoin transactions, Bitcoin scripts, Multi-signature scripts, Timelocks, and Payment Channels 3:45 How Bitcoin transactions are structured 7:55 Simple script execution in Bitcoin (pushing and popping things from the stack) 11:20 Multisignature and Bitcoin 13:42 2-of-2 Multisig EXAMPLE in Bitcoin 14:22 Timelocks 16:04 Simple payment channel EXAMPLE - Emma and Fabian 17:35 Security primitives of payment channels 19:12 Emma and Fabian and their one way bitcoin payment channel 19:41 Streaming money - streaming services and streaming payments 20:37 Commitment and funding transactions for a lightning network payment channel 25:20 Settlement transactions 26:18 Bi-directional payment channel EXAMPLE - Alice and Bob 27:47 What about cheating? How can Alice and Bob trust one another to be honest? 30:32 Nuances in bi-directional payment channels 31:38 Hash time-lock contracts 32:17 If-Else statements 33:49 Lightning network routing and payment channels 34:31 Lighting network EXAMPLE Alice pays Eric 36:38 Lightning network invoices for bitcoin amounts 36:58 HTLC Hash lock-time contract example 41:13 HTLC nuances, amounts are different 42:20 Onion-routed privacy on the lightning network 43:03 Closing and support my free ad-free work on Patreon This talk was delivered at the virtual We Are Developers Congress on May 25th, 2020. Join the aantonop Channel: https://aantonop.io/joinaantonopyt

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