Wrapped Bitcoin & Sidechains with Shinobi & Nadav Kohen
5:02 Why do we need 2nd layers?
12:00 Scaling History
17:02 What is a Sidechain?
20:08 How does Liquid Bitcoin work?
26:38 Who uses Liquid Bitcoin and why?
30:51 Does Liquid present Systemic Risk?
34:00 Significance of The Peg
38:12 Sidechain Security Consideration
41:18 Wrapped BTC on ETH
47:21 Problems with ETH
1:02:15 Lightning Network Explained
1:14:06 Lightning Channel opens
1:20:21 Lightning Channel Closes
1:24:58 Using Lightning Only?
1:26:45 What do users Need to Know?
1:46:15 Lightning Wallets
“Blockchains solve a very specific problem, that’s their big innovation, but they suck at pretty much everything else.” — Nadav Kohen
The video was recorded on Tuesday 27th, April, 2021.