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Bitcoin Payment Channels with Alex Bosworth

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Manage episode 222664473 series 1435652
Conteúdo fornecido por Blockchain – Software Engineering Daily. Todo o conteúdo do podcast, incluindo episódios, gráficos e descrições de podcast, é carregado e fornecido diretamente por Blockchain – Software Engineering Daily ou por seu parceiro de plataforma de podcast. Se você acredita que alguém está usando seu trabalho protegido por direitos autorais sem sua permissão, siga o processo descrito aqui https://pt.player.fm/legal.

The Bitcoin main chain is a large distributed ledger of transactions. Bitcoin is useful for maintaining a trusted record of payments, but is not practical for small day-to-day payments.

Bitcoin payment channels allow users to issue small payments to each other without paying the high transaction cost and latency of going through the main chain. When payment channels are connected to each other, a “lightning network” is formed. Lightning network is often referred to as a “second layer” scalability solution.

Alex Bosworth is a lightning infrastructure lead at Lightning Labs, a company that builds infrastructure for scaling blockchains. In today’s show, Alex explains how Bitcoin payment channels work, and provides some context on how developed the modern infrastructure is in terms of practical use cases for Bitcoin.

The post Bitcoin Payment Channels with Alex Bosworth appeared first on Software Engineering Daily.

  continue reading

92 episódios

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iconCompartilhar
 

Série arquivada ("Feed inativo " status)

When? This feed was archived on February 23, 2022 05:08 (2y ago). Last successful fetch was on November 25, 2021 01:18 (2+ y ago)

Why? Feed inativo status. Nossos servidores foram incapazes de recuperar um feed de podcast válido por um período razoável.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 222664473 series 1435652
Conteúdo fornecido por Blockchain – Software Engineering Daily. Todo o conteúdo do podcast, incluindo episódios, gráficos e descrições de podcast, é carregado e fornecido diretamente por Blockchain – Software Engineering Daily ou por seu parceiro de plataforma de podcast. Se você acredita que alguém está usando seu trabalho protegido por direitos autorais sem sua permissão, siga o processo descrito aqui https://pt.player.fm/legal.

The Bitcoin main chain is a large distributed ledger of transactions. Bitcoin is useful for maintaining a trusted record of payments, but is not practical for small day-to-day payments.

Bitcoin payment channels allow users to issue small payments to each other without paying the high transaction cost and latency of going through the main chain. When payment channels are connected to each other, a “lightning network” is formed. Lightning network is often referred to as a “second layer” scalability solution.

Alex Bosworth is a lightning infrastructure lead at Lightning Labs, a company that builds infrastructure for scaling blockchains. In today’s show, Alex explains how Bitcoin payment channels work, and provides some context on how developed the modern infrastructure is in terms of practical use cases for Bitcoin.

The post Bitcoin Payment Channels with Alex Bosworth appeared first on Software Engineering Daily.

  continue reading

92 episódios

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