What is eltoo? What are the trade-offs and barriers to its implementation? What is the origin of the Lightning Network? What are Poon and Dryja payment channels? Could intermediate nodes be allowed to decide the route? How did the Lightning Network get ahead of schedule? What is coming next? What can non-technical users engage with it now?
The eltoo paper:
https://blockstream.com/eltoo.pdfCORRECTION / CLARIFICATION: At 1:12, I mixed up Poon-Dryja channels and Decker-Wattenhofer channels; Poon-Dryja channels are bi-directional and Decker-Wattenhofer channels use a "duplex" of uni-directional payment channels with timelocks to achieve bi-directional functionality. While Decker and Wattenhofer did invent a new design using Hashed Timelock Contracts (HTLCs), ideas for uni-directional channels have been around since 2011. Also, apologies for repeatedly mispronouncing Wattenhofer's name!
https://lightning.network/lightning-network-paper.pdfhttps://www.tik.ee.ethz.ch/file/716b955c130e6c703fac336ea17b1670/duplex-micropayment-channels.pdfThe Bitcoin wiki has accurate descriptions of the different types of channels, including those covered in this video:
https://en.bitcoin.it/wiki/Payment_channelsThese questions are from the June monthly Patreon session, which took place on June 24th 2018 respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:
https://www.patreon.com/aantonopRELATED:
Bitcoin, Lightning, and Streaming Money -
https://youtu.be/gF_ZQ_eijPsThe Internet of Money: Five Years Later -
https://youtu.be/6xIq0FdmsIAThe Lightning Network -
https://www.youtube.com/playlist?list=PLPQwGV1aLnTurL4wU_y3jOhBi9rrpsYyiAdvanced Bitcoin Scripting, Part 1: Transactions and Multisig -
https://youtu.be/8FeAXjkmDcQAdvanced Bitcoin Scripting, Part 2: SegWit, Consensus, and Trustware -
https://youtu.be/pQbeBduVQ4IThe Lightning Network -
https://youtu.be/vPnO9ExJ50ALightning's security model -
https://youtu.be/_GNsT_ufkecMisconceptions about the Lightning Network -
https://youtu.be/c4TjfaLgzj4Lightning Network scaling -
https://youtu.be/4KiWkwo48k0Lightning Network interoperability -
https://youtu.be/1HYMWcJHGXcAtomic swaps -
https://youtu.be/fNFBA2UmUmgRunning nodes and payment channels -
https://youtu.be/ndcfBfE_yoYWhat is Segregated Witness (SegWit)? -
https://youtu.be/dtOjjB4mD8kSegWit and fork research -
https://youtu.be/OorLoi01KEEAndreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
Follow on Twitter: @aantonop
https://twitter.com/aantonopWebsite:
https://antonopoulos.com/He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the
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https://www.youtube.com/watch?v=o6eFZ5aI9N0