Intro

This chapter discusses the limitations of the Bitcoin blockchain and how the Lightning Network addresses issues like slow transaction speeds. It highlights the Network's emergence as a solution, particularly in the context of the SegWit update from 2017.

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Episode notes

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
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