thedailybitcoinshow

#273 Christian Decker: Lightning Network - The Road to Scaling Bitcoin


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When the Lightning Network (LN) was conceived in 2015, it was quickly embraced by the Bitcoin community as the way to dramatically scale Bitcoin's capacity. There was an expectation of LN being available quickly. Instead, development proceed more slowly in the background with different teams contributing to a standard specification. That spec is now almost ready and last year interest and early activity on the LN increased dramatically. We were joined by Christian Decker, a core engineer at Blockstream, where he works on their LN client. We discussed the history and progression of the LN and what remains on the road to scaling Bitcoin. Topics discussed in this episode:How Christian ended up writing the world's first PhD on BitcoinThe vision of the Lightning NetworkHow the Lightning Network evolved in the last 4 yearsApproaching the 1.0 specificationThe current state of the networkWhy centralization concerns around hubs are often misguidedeltoo and the future of lightning networkThe case against other chains being better layer 1 networks than Bitcoin Links mentioned in this episode: Lightning Network WhitepaperChristian Decker - Scaling Bitcoin with Duplex Micropayment ChannelsJoseph Poon & Tadge Dryja - Scalability and the Lightning NetworkBlockstream - Lightning NetworkA Simplified Update Mechanism for Lightning and Off-Chain ContractsLightning Network Specifications on Github Sponsors: Toptal: Simplify your hiring process & access the best blockchain talent' '" Get a $1,000 credit on your first hireAzure: Deploy enterprise-ready consortium blockchain networks that scale in just a few clicks Support the show, consider donating: BTC: 1CD83r9EzFinDNWwmRW4ssgCbhsM5bxXwg (https://epicenter.tv/tipbtc)BCC: 1M4dvWxjL5N9WniNtatKtxW7RcGV73TQTd (http://epicenter.tv/tipbch)ETH: 0x8cdb49ca5103Ce06717C4daBBFD4857183f50935 (https://epicenter.tv/tipeth) This episode is also available on :Epicenter.tvYouTubeSoundcloud Watch or listen, Epicenter is available wherever podcasts are distributed. Epicenter is hosted by Brian Fabian Crain, Sƒbastien Couture, Meher Roy, Sunny Aggarwal & Friederike Ernst.
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