For the non-technical, what is the Lightning Network? How does it function? In this video Andreas walks through what's happening on the Lightning Network, all in a non-technical fashion. From funding transactions, to channels, routing, fees, security and trustlessness, this clip will give you a good overview of what's happening!

00:00 The Lightning Network is not a sidechian, 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 Offchain 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

This question is from the bonus livestream on Lightning, which took place on April 18th, 2020. If you want early-access to talks and a chance to ask questions in the monthly live Q&As with Andreas, become a Community Builder on Patreon:   / aantonop  

Related Videos: 
Bitcoin Q&A: Can Bitcoin Get Stuck & Lost in a Lightning Channel? -    • Bitcoin Q&A: Can Bitcoin Get Stuck & ...  
Bitcoin Q&A: Why Does Bitcoin Need a Second Layer? -    • Bitcoin Q&A: Why Does Bitcoin Need a ...  

Learn more about becoming a Community Builder:   / aantonop   

** Socials, Books, & More ** 
Website: https://aantonop.com 
Twitter:   / aantonop   
Facebook:   / andreasmantonopoulos  
Insta:   / amantonop  
LinkedIn:   / aantonop  
Amazon Author: http://www.amazon.com/-/e/B00MVAG8Z8 
Audible: https://www.audible.com/author/Andrea...

Music: "Unbounded" by Orfan (  / grassfedbitcoin  )

Don't forget to SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications. 

Thanks for watching!
Join the aantonop Channel: https://aantonop.io/joinaantonopyt