Bitcoin & The Lightning Network
The CryptoBasic team is happy to bring you a brand new series; 101 Updates! The world of crypto moves fast, projects evolve, markets adapt, and new problems emerge… and wherever the space goes we follow! And what better way to begin a new tradition than by returning to the project that started it all, the big daddy, Bitcoin. When we last covered this project fees where off the charts and the scaling debate created a fork in the community. Today the Lightning Network has finally been implemented, but has it been successful? And how exactly does it work anyway? Listen to this inaugural 101 Update to catch up with the King.
LINKS TO TOPICS FROM THE SHOW
BitMEX Overview “The Lightning Network”
The Argon Group - “Bitcoin Lightning Network – 7 Thing You Should Know”
Bitinfocharts.com - “Bitcoin Transactions Historical Chart”
Johoe’s Bitcoin Mempool Statistics - “Unconfirmed Transaction Count (Mempool)”
Twitter - “Lightning Network Statistics”
Wikipedia – Small-world Network
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These links are all referral links for us, but we use every one of these exchanges and wallets.
Robin Hood is getting in the crypto game! You get a random stock valued between $2 and $200 and so do we, this is super exciting. Robin Hood has been one of the best experiences we’ve had with an “old school” exchange, and we’re super excited that they’re going to be bringing their talents to crypto.
CASH APP HAS BITCOIN! If you sign up through that link the show gets $5 and so do you! Stop the presses. The easiest to use money transfer application (yes it's easier than Venmo) now as a built in way to buy and sell Bitcoin. They even have a no - fee debit card you can use.
Binance Exchange Binance is the primary location for many of the coins that are not available on CoinBase. They have the best user experience, don't use the USDT as a primary trading pair, and have reasonable customer service. Give them a look.
Ledger Wallet Website This is where you buy the hardware wallet that we're always talking about on the show - we all use a Ledger Nano S.
Theme Music - Neledrax by Earradiate (2017)