Lightning Network: a Zap-date
summary
Lightning reports concrete progress: the network runs ~12,000 nodes with ~5,500 BTC locked, route blinding is now route blinding merged after a 3‑year spec process with two implementations interoperating, BOLT12 “offers” enable static QR payments, a splicing draft aims to add/remove channel liquidity with fewer on‑chain txs, taproot channel support is under implementation testing, and known issues like jamming/pinning need L1 changes and ongoing research.
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chapters (12)
- 0:00Introduction
- 1:57Why Bitcoin and Lightning
- 3:01Lightning growth and decentralization
- 4:47Lightning spec process
- 6:11Route blinding for privacy
- 7:14Taproot channels for privacy
- 8:18Splicing to reduce overhead
- 9:42Offers for static invoices
- 10:24Known Lightning challenges
- 11:04Lightning as Bitcoin's connective tissue
- 11:45Call for developers
- 12:06Base58 Lightning spec class
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