Lightning Network Primer - Pt 1

"The Lightning Network" is a solution to enable a global payment system that works instantaneously and for little or no cost. With this new technology and infrastructure, we finally have a working method of dealing with micropayments, which are payments of a fraction of a cent that can be sent anywhere around the globe using just the internet and a mobile device. For the first time, we can even stream money in real-time to pay for services as we use them.

In the first of this two-part series, Don takes you through the background of this new technology and gives you two examples of the Lightning Network in action.

The full tutorial covers:

• First Principles [00:00:47]
• Bitcoin Network Limitations [00:05:41]
• What Can I Do With Sats? [00:07:05]
• Earn Sats by Consuming Content [00:09:10]
• Value 4 Value [00:15:27]
• Fountain on iPad [00:17:27]
• Transferring Sats [00:27:15]
• Streaming Sats [00:30:36]

App Store Links:

Bitcoin Magazine

Fountain

Wallet of Satoshi

Show Links:

You don't need to understand the Lightning Network's technical aspects to use and benefit from it. However, I do think that a deeper understanding of Bitcoin, the network and BTC, the digital asset is beneficial for many reasons. So I've added some resources below to help do your own research.

Fountain

Follow Don on Fountain

Fountain Referral Code in App = 24b56e07a1 [Settings - Refer to Earn - Redeem Code]

Bitcoin and BTC

Beginners Guide to Bitcoin - Part 1 - Audio

Bullish Case for Bitcoin - Spotify Free Audio

Bullish Case for Bitcoin - Medium Free Article

Bitcoin: Beyond the Bubble - Video

The Simplest bitcoin Book Ever Written - Free PDF

The Bitcoin Standard - Book

Bitcoin Energy Usage

Lightning Network

Elizabeth Stark - Lightning Labs - Video

Bitcoin for Billions: Building the Lightning Network with Elizabeth Stark - Video

Deep Dive into Lightning Network - Lyn Alden - Article