A Lightning Network Description for the Non-Technical
The video was recorded during a live stream on Lightning which happened on April 18, 2020.
00:00 The Lightning Network is not a sidechain, it's an overlay network.
00:50 Lightning payments are Bitcoin payments.
01:49 The blockchain features necessary for Lightning, multi-sig, and timelocks.
02:35 How the Lightning Network is setup. Funding transactions.
03:50 What is a payment channel?
04:42 Lightning local and remote balances.
05:31 Off-chain transactions
08:43 Routing payments on the Lightning Network
10:30 Lightning is a trustless, non-custodial network
11:13 Lightning routing fees
11:42 Lightning Network overview summary