Basics_08: Lightning Network, Layered Money & Bitcoin Scaling

Bitcoin Basics Series Episode 8. Daz Bea, Seb Bunney, Dan & Josh cover the Bitcoin Lightning Network and the importance of a layered approach to Bitcoin scaling.

Full Bitcoin Basics Series here

BCB Pod disclaimer here

Watch video of this chat on YouTube here

WE COVER:

Why are protocols & monetary systems layered?

Why is Bitcoin an upgrade to payment systems?

What is the Lightning Network & how does it work?

What other layers exist on and around Bitcoin?

Flicking beads

RESOURCE PICKS:

Daz & Seb’s new book B is for Bitcoin: The Essential Guide to All Things Bitcoin does and EXCELLENT job covering the Lightning Network (https://www.amazon.com/Bitcoin-Essential-Guide-All-Things/dp/B0C1JDKS7Q)

Dan’s Pick - Layered Money by Nik Bhatia

Josh’s Pick: A Look at the Lightning Network by Lyn Alden

Daz’s Pick: Mastering the Lightning Network by Andreas Antonopoulos 

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SUPPORT THE BCB PODCAST: Podcast 2.0 streaming on our favorite pod app, Fountain: You can earn & stream sats on Lightning Network while listening to pods! Also share and listen to standout clips with the Fountain community.

SOCIAL MEDIA

Twitter: you can follow us @blue_collarbtc, follow Daz @dazbea1, follow Seb @Sebbunney

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Video on YouTube. Subscribe Here

EMAIL: Send questions or comments to [email protected]