BTC019: Bitcoin's Layer 2 Lightning Network w/ Ryan Gentry (Bitcoin Podcast)
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Unlocking the Lightning Network
This chapter explores the potential growth and economic impact of the Bitcoin Lightning Network, comparing its nodes to bustling cities that facilitate transactions. The discussion covers the intricacies of operating a node, including managing liquidity and maximizing transaction efficiency while navigating the network's competitive landscape. Additionally, the chapter reveals the innovative mechanisms of the Lightning Pool and its auction system for pricing liquidity, emphasizing the benefits of non-custodial channel leases for users.
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