Bitcoin Q&A: Lightning's Security Model Video
Are Lightning Network transactions still bitcoin transactions? Do you have to be online? What happens when a party does not commit to an action / send a reimbursement in LN? How will the Lightning Network handle DDoS attacks? How does node banning work?
Chapters
0:00 In the Lightning Network, when we create a payment channel, is it secure like the blockchain? Do channels have the same security and authentication operations like the blockchain?
2:40 In a Lightning channel, what happens in a three-person scenario, if the third person does not send the reimbursement?
4:26 How will the Lightning Network handle distributed denial-of-service attacks?
6:54 Who bans a node? How does banning work?
These questions are from the MOOC 9.5 session which took place on March 16th, 2018. Andreas is a teaching fellow with the University of Nicosia. The first course in their Master of Science in Digital Currency degree, DFIN-511: Introduction to Digital Currencies, is offered for free as an open enrollment MOOC course to anyone interested in learning about the fundamental principles.
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
RELATED:
The Lightning Network - https://www.youtube.com/playlist?list=PLPQwGV1aLnTurL4wU_y3jOhBi9rrpsYyi
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Secure, tiered storage system - https://youtu.be/uYIVuZgN95M
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Decentralised exchanges with fiat - https://youtu.be/3Url8tbQEkA
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How do mnemonic seeds work? - https://youtu.be/wWCIQFNf_8g
HODLing and the "get free" scheme - https://youtu.be/MhOwmsW1YNI
How to get people to care about security - https://youtu.be/Ji1lS9NMz1E
Airdrop coins and privacy implications - https://youtu.be/JHRnqJJ0rhc
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The price of losing privacy - https://youtu.be/2G8IgiLbT_4
Bitcoin as everyday currency - https://youtu.be/xYvvSV4mjH0
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How long until mainstream adoption? - https://youtu.be/y3cKBDBabtA
What is the biggest adoption hurdle? - https://youtu.be/jHgyHF3F2TI
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/
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
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042
[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388
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