Overview
Launched in early 2018, the Lightning Network (LN) is rapidly growing in users and capacity. This second-layer payment protocol works on top of Bitcoin and other cryptocurrencies to provide near-instantaneous transactions between two parties. With this practical guide, authors Andreas M. Antonopoulos, Olaoluwa Osuntokun, and Rene Pickhardt explain how this advancement will enable the next level of scale for Bitcoin, increasing speed and privacy while reducing fees. Ideal for developers, systems architects, investors, and entrepreneurs looking to gain a better understanding of LN, this book demonstrates why experts consider LN a critical solution to Bitcoin's scalability problem. You'll learn how LN has the potential to support far more transactions than today's financial networks, ushering in an era of global micro-transactions at sub-second resolution. In several parts, this book examines: The challenges of scaling blockchain technology and why the Lightning Network was invented LN basics including wallets, nodes, and lightning payments Lightning payment channels and how they work. Routing payments by constructing paths of payment channels from sender to recipient. including onion routing, and atomic multi-path payments Lightning developments such as eltoo, Schnorr signatures, HODL invoices, JIT routing, channel splicing and channel factories. Building applications on Lightning (Lapps)
Full Product Details
Author: Andreas M. Antonopoulos ,
Rene Pickhardt ,
Olaoluwa Osuntokun
Publisher: O'Reilly Media
Imprint: O'Reilly Media
ISBN: 9781492054863
ISBN 10: 1492054860
Pages: 424
Publication Date: 30 November 2021
Audience:
General/trade
Format: Paperback
Publisher's Status: Active
Availability: In Print
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Author Information
Andreas M. Antonopoulos is a critically acclaimed bestselling author, speaker, and educator, and one of the world's foremost Bitcoin and open blockchain experts. Andreas makes complex subjects accessible and easy to understand. Olaoluwa Osuntokun is a Bitcoin developer, researcher, and the CTO of Lightning Labs. Olaoluwa has been involved in Bitcoin development for over 5 years and contributes actively to the open source community in the form of code, protocol design, and research related to Bitcoin smart contract design.Rene Pickhardt is a data science consultant researching pathfinding, privacy, reliability of payments, and service level agreements of the Lightning Network. He has helped thousands of new Lightning-Network developers by sharing his knowledge on bitcoin.stackexchange.com and through private and public workshops.
