Beginner Lightning NetWork Certification

Beginner Lightning Network Certification
Published 4/2024
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English

| Size: 1.84 GB[/center]
| Duration: 4h 30m
The Bitcoin layer 2 solution teached with example and diagrams about scripts, Payment channels, liquidity, HTLC and more

What you'll learn

Understand the problems that the lightning network solve.

Get real world examples for the different concepts around payment channels.

Recognize why liquidity is important in the lightning network and how it is managed

Know how the lightning network works and the role of Bitcoin Script securing it

Learn the details behind HTLCs and what problems it solves.

Requirements

Introduction to Bitcoin covering addresses, blockchain, transactions, public and private keys

Description

If you've ever tried to understand the technical details of Bitcoin, you know how confusing and overwhelming it can be. But fear not! Our course is here to help you make sense of it all. We've got a range of examples and step-by-step processes that will make the lightning network crystal clear. Also, you will gain expertise in the core protocol and build the foundations required to navigate the various technologies surrounding it, including wallets, node implementations, and liquidity services. As you progress through the course, you will unlock a wealth of knowledge that will empower you to envision different scenarios and select the optimal solution for leveraging the network's full potential.Even if you're not a developer, you can now easily get started and be a part of this journey. Don't miss out on the opportunity to discover the potential of this technology that aims to revolutionize global payments. Bitcoin is the most important cryptocurrency, however, it has limitations and the lightning network came to solve its scaling constraint. By doing so, lightning opens the door to endless use cases for Bitcoin, leveraging its security and reputation. Get ready to join the ranks of Bitcoin experts! Sign up now and let us guide you through the exciting world of global payments.

Overview

Section 1: Introduction

Lecture 1 What is the Lightning Network

Lecture 2 Lightning analogy

Section 2: Context and History

Lecture 3 Blocksize Wars - Why

Lecture 4 Blocksize Wars - Block Size - Bitcoin Cash

Lecture 5 SegWit - Hard Fork vs Soft Fork

Lecture 6 Segwit - Block Size

Lecture 7 SegWit - Block Weight

Lecture 8 SegWit - Transaction Malleability - Example

Lecture 9 SegWit - ScriptSig Alteration Methods

Lecture 10 SegWit - Why it enables the Lightning Network?

Section 3: Fundamentals

Lecture 11 Payment Channels

Lecture 12 Liquidity

Lecture 13 Opening a Payment Channel - Wallet User

Lecture 14 Opening a Payment Channel - Merchants

Lecture 15 Opening a Payment Channel - Routing Node

Section 4: Payment Channel - Transactions

Lecture 16 Funding Transaction - Standard Method

Lecture 17 Types of Payment Channel Transactions

Lecture 18 Balance Update Transactions - Basics

Lecture 19 Balance Update Transactions - Security mechanisms

Lecture 20 Closing Transactions

Section 5: Routing Payments - Multi Hop Transactions

Lecture 21 HTLC - Basics

Lecture 22 HTLC - Spending Conditions

Lecture 23 HTLC - Redemption

Lecture 24 HTLC - Refund

Lecture 25 HTLC - Revocation

Section 6: Bitcoin Script - Review

Lecture 26 Unlocking Scripts - ScriptSig

Lecture 27 P2PKH - Pay to Public Key Hash - Explanation

Lecture 28 Standard Scripts

Lecture 29 Standard Scripts - Details

Section 7: HTLC - Script Explained

Lecture 30 Relative Timelocks vs Absolute Timelocks

Lecture 31 Transaction Asymmetry

Lecture 32 HTLC - General Outline

Lecture 33 Timeout Transactions

Lecture 34 HTLC Offerer Script

Lecture 35 HTLC Receiver Script

Bitcoin fans that want to grasp around how lightning network works and what are its security mechanisms.,Get a conceptual overview with down to earth step by step examples.