11 August 2020 · 0 min read

A Lightning Network Description for the Non-Technical

What is the Lightning Network and how does it function? In this educational video, Bitcoin educator, author, and entrepreneur Andreas M. Antonopoulos explains what is the deal with the Lightning Network in a non-technical fashion, including channels, routing, fees, security, and trustless transactions.

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