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.pdf
CORRECTION / 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!
The Bitcoin wiki has accurate descriptions of the different types of channels, including those covered in this video: https://en.bitcoin.it/wiki/Payment_channels
These 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/aantonop
Bitcoin, Lightning, and Streaming Money – https://youtu.be/gF_ZQ_eijPs
The Internet of Money: Five Years Later – https://youtu.be/6xIq0FdmsIA
The Lightning Network – https://www.youtube.com/playlist?list=PLPQwGV1aLnTurL4wU_y3jOhBi9rrpsYyi
Advanced Bitcoin Scripting, Part 1: Transactions and Multisig – https://youtu.be/8FeAXjkmDcQ
Advanced Bitcoin Scripting, Part 2: SegWit, Consensus, and Trustware – https://youtu.be/pQbeBduVQ4I
The Lightning Network – https://youtu.be/vPnO9ExJ50A
Lightning’s security model – https://youtu.be/_GNsT_ufkec
Misconceptions about the Lightning Network – https://youtu.be/c4TjfaLgzj4
Lightning Network scaling – https://youtu.be/4KiWkwo48k0
Lightning Network interoperability – https://youtu.be/1HYMWcJHGXc
Atomic swaps – https://youtu.be/fNFBA2UmUmg
Running nodes and payment channels – https://youtu.be/ndcfBfE_yoY
What is Segregated Witness (SegWit)? – https://youtu.be/dtOjjB4mD8k
SegWit and fork research – https://youtu.be/OorLoi01KEE
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8
[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8
[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388
Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/
Subscribe to the channel to learn more about Bitcoin & open blockchains!