BTC019: Bitcoin's Layer 2 Lightning Network w/ Ryan Gentry (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Understanding Liquidity in Bitcoin's Lightning Network
This chapter delves into the intricacies of Bitcoin's Lightning Network, emphasizing the role of liquidity in payment channels. Through engaging metaphors and practical solutions for restoring liquidity, the discussion highlights the significance of competitive markets in maintaining low transaction fees.
IN THIS EPISODE, YOU'LL LEARN:
- What is Bitcoin's second layer?
- Where does lightning labs fit into the second layer
- What is Lightning pool?
- How is liquidity managed on the second layer
- Why does a person have an incentive to run a node
- Why open channel with other nodes
- What are the nodes that will benefit the post from opening many channels
- What are the incentives for people to use lightning
- What will things like Sphinx chat enable in the future
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Follow Ryan Gentry on Twitter
- Follow Lightning Labs on Twitter
- The lightning labs website
- Sphinx Chat
- Run an umbrel full node
- Browse through all our episodes (complete with transcripts) here.
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