Bitcoin Q&A: A Lightning Network Description for the Non-Technical

Thanks! Share it with your friends!

You disliked this video. Thanks for the feedback!

Added by allcryptostaff
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

What is the Lightning Network doing? 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!

This question is from the bonus live-stream 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:

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

Learn more about becoming a Community Builder: 

*** Socials, Books, & More *** 
Amazon Author: 

Music: "Unbounded" by Orfan (

Don't forget to SUBSCRIBE to this YouTube channel and select the bell
Crypto 101

Post your comment