What Bitcoin Did with Peter McCormack

Christian Decker - An Introduction to The Lightning Network

04.02.2019 - By Peter McCormackPlay

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Interview location: Boston

Interview date: Sunday 10th April, 2019

Company: Blockstream

Role: Core Tech EngineerThe Lightning Network is designed to solve the scaling issues with Bitcoin. As a second layer technology, it enables fast and near instant payments using payment channels, something which has been discussed since when Satoshi was still involved in the project.Christian attempted to solve the scaling problem with his whitepaper, A Fast and Scalable Payment Network withBitcoin Duplex Micropayment Channels, but before its release, Justin Poon and Thaddeus Dryja released a competitor whitepaper, The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments.Ultimately The Lightning Network is mostly based on Justin and Thaddeus’ work, but Christian has been a key contributor and is working on Blockstream’s implementation C-Lightning.In this interview, we discuss the competing whitepapers, how the various teams collaborate on Lightning, how payment channels work and upcoming dev projects.-----If you enjoy The What Bitcoin Did Podcast you can help support the show my doing the following:Become a Patron and get access to shows early or help contributeMake a tip:

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