Episode 015 - Lightning Basics
Description
Check out the Bitcoin Summer YouTube: https://youtube.com/c/bitcoinsummer
I open a channel to beef up liquidity to and from El Salvador to make it stronger and more fluid. Good time to do it with fees still depressed!
Also, today I cover the basics of Lightning Network and the new developments surrounding the space that will catapult BTC adoption across the globe:
-Layer 1 and Layer 2 of Bitcoin, and a preview into Layer 3
-Best features of the Lightning Network: Instant, inexpensive, and private
-How the Lightning actually works
-How Lightning channels work
-A look at the parabolic growth of Lightning and how it is slowly mainstreaming
-Large corporations, who think with their pocketbook, will be incentivized to accept LND payments across the globe -The inevitable fall of Western Union
-Strike is now the CHEAPEST way to buy Bitcoin and here is how you do it:
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-Big thanks to the show’s first sponsor Node Nook! Hide your cables and spruce up your node stations, with beautiful handmade Node Nooks! Super high quality products with plenty of colors to choose from.
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