A look at the Lightning Network || Lyn Alden

"A truly decentralized and permissionless payment network requires its own underlying self-custodial digital bearer asset. If instead it runs on top of the fiat currency system or relies on external custodial arrangements at its foundation, then it is neither decentralized nor permissionless." Today we're reading Lyn Alden's 1:30 hour long article on the state of network. This will be a 2 part series due to length. In the first part we'll cover why a medium of exchange first needs to be built on top of a store of value. Lyn uses the lessons learned from previous Bitcoin forks and imitators to bring this point home. As always, you can support the show by supporting and subscribing to Alpe Audio: 👉 Start learning with Alpe: https://link.alpeaudio.com/70to/d895de1 Want to learn on the go but need more depth than a podcast? Alpe is the app for you. It’s an audio education app that brings great in depth courses that are as fun as podcasts but as educational as well, a degree. Each lesson comes with summaries, additional resources, flash cards and more. You can even find Ethereum Audible on Alpe with all those additional resources. ___________________ Link to the paper: https://www.swanbitcoin.com/a-look-at-the-lightning-network/

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