LTB#390 - Revisiting Lightning (Part 2)

##On Todays Episode of Let's Talk Bitcoin...Stephanie Murphy, Andreas Antonopoulos, and Adam B. Levine sit down for part two of our fresh look at the nascent but rapidly improving Lightning Network. Selections from Episode 390 Curated and Transcribed by https://twitter.com/Sesame4Bitcoins---Lightning Network CapacityAdam B. Levine: Right now in the Lightning Network, you can only make transactions and hold value up to a certain size. Andreas, why is that?Andreas Antonopolous: It's to discourage people from putting too much money into something that was experimental, and also trying to do payments that are too big for most routes. The limit per payment is 4 million Satoshis (0.04 Bitcoin). The channel capacity maximum is 16.7 million Satoshis. You can create a channel for 16 million Satoshis and you can transmit payments of about 1/4 its total capacity at a time in each direction. That just prevents people from trying to use Lightning today for the types of payments that are probably best-kept on-chain.Adam B. Levine: Do you see the Lightning Network being used for larger transactions like the traditional Bitcoin network?Andreas Antonopolous: Eventually yes. Eventually there's no reason why you wouldn't have your entire hot wallet in Lightning channels, and the only funds that are not in Lightning channels are cold storage funds. I see it eventually having much bigger transactions - it can span the entire range from tiny to very big....Visit the shownotes for this episode at LetsTalkBitcoin.com for more selected excerpts---Lightning Stats:https://1ml.com/Article quoted:https://www.theblockcrypto.com/2019/01/18/from-reckless-to-wumbology-lightning-networks-infrastructural-build-out/Eclair (https://acinq.co/)ZAP (https://zap.jackmallers.com/)Blue Wallet (https://bluewallet.io/)Casa Node (https://store.casa/lightning-node/)---Tip LTB:1FZGD64BA7B9GdwDhGGGF92amt9X6VH38Kor Via the Lightning Network at tipltb.tokenly.com/---Thanks for listening to this episode of Let's Talk Bitcoin, content for today's show was provided by Andreas Antonopoulos, Stephanie Murphy, Jonathan Mohan, and Adam B. Levine.This episode was edited by Dave/Adam and featured music by Jared Rubens.Send questions or comments to adam@letstalkbitcoin.com