Books – Andreas M. Antonopoulos

Andreas Antonopoulos Announces New ‘Mastering Lightning Network’ Book. Antonopoulos explained that the book is meant for people new to Bitcoin’s (BTC) scalability solution. He also added that it will also cover applications designed to run on top of LN and building them.

submitted by EducationalLadder to CryptoMarkets [link] [comments]

[Book] Mastering Bitcoin: Programming the Open Blockchain 2nd Edition by Andreas M. Antonopoulos (38% Off)

[Book] Mastering Bitcoin: Programming the Open Blockchain 2nd Edition by Andreas M. Antonopoulos (38% Off) submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Marketcap of every altcoin/token listed in Andreas M. Antonopoulos' book "Mastering Bitcoin" [as of Feb. 23]

Marketcap of every altcoin/token listed in Andreas M. Antonopoulos' book submitted by neuroMode to myriadcoin [link] [comments]

Mastering Bitcoin Book by Andreas Antonopoulos is Available for Pre-order

Mastering Bitcoin Book by Andreas Antonopoulos is Available for Pre-order submitted by themusicgod1 to Bitcoin [link] [comments]

Example 'Bob's Cafe' Public Address from Mastering Bitcoin book by Andreas Antonopoulos now has 0.17548301 BTC

Not quite enough to retire on yet Andreas but maybe in the future... ;-)
I guess the earliest one will have been Andreas setting up the example for the book but some of the other 0.015BTC payments (used as an example Coffee purchase in the book) might well be accidental payments from people reading the book and joining in the examples with a bit too much enthusiasm!
submitted by wintercooled to Bitcoin [link] [comments]

Andreas Antonopoulos' book, Mastering Bitcoin, on track to start shipping Dec. 27th

I just received the following email:
"Mastering Bitcoin" is in final production with the publisher O'Reilly Media, who have announced a shipping date of December 27th.
Shortly after the Dec 27th shipping date, we will receive and start processing the books to fill your order. Keep in mind that Andreas will personally handle each book and sign the books that were ordered with the additional personalization, which will mean that the orders can only be processed as fast as Andreas can sign!
We expect to begin shipping the books in the first week of January, so you should be receiving your order before the end of the third week of January. These dates are of course subject to the publisher's shipping date. We will make every effort to process orders as quickly as possible.
If you have any questions or concerns, please don't hesitate to contact us at [email protected]
Thank you again for pre-ordering "Mastering Bitcoin"
submitted by fulltimegeek to Bitcoin [link] [comments]

Example 'Bob's Cafe' Public Address from Mastering Bitcoin book by Andreas Antonopoulos now has 0.17548301 BTC /r/Bitcoin

Example 'Bob's Cafe' Public Address from Mastering Bitcoin book by Andreas Antonopoulos now has 0.17548301 BTC /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Mastering Bitcoin Book by Andreas Antonopoulos is Available for Pre-order

Mastering Bitcoin Book by Andreas Antonopoulos is Available for Pre-order submitted by BTCNews to BTCNews [link] [comments]

39 books about cryptocurrencies (see comments for the list)

39 books about cryptocurrencies (see comments for the list) submitted by vhpoet to Bitcoin [link] [comments]

59 books on Cryptocurrencies (see comments for the list)

59 books on Cryptocurrencies (see comments for the list) submitted by vhpoet to CryptoMarkets [link] [comments]

49 books about cryptocurrencies (see comments for the list)

49 books about cryptocurrencies (see comments for the list) submitted by vhpoet to Monero [link] [comments]

48 books on cryptocurrencies (see comments for the list)

48 books on cryptocurrencies (see comments for the list) submitted by vhpoet to litecoin [link] [comments]

58 Books on Cryptocurrencies (see comments for the list)

58 Books on Cryptocurrencies (see comments for the list) submitted by vhpoet to binance [link] [comments]

What is really happening in the bitcoin mining process?

What is really happening in the bitcoin mining process?
April 30, 2020 | There’s more than just the sound of thousands of vacuums
It is very easy to just silo the arcane bitcoin mining process as just a bunch of machines computing mathematical algorithms. Although for the most part this is true, and the veracity of this is not far off from the real truth, but what we see on the surface is not identical to what we see below the surface. Understanding bitcoin mining goes beyond the USB enabled ASIC miners we are accustomed to see on every thumbnail article we come across related to this industry.

It’s easy to understand why newbies halt their understanding of bitcoin mining to just state-of-the-art supercomputers with cool flickering neon green lights.
The following below is taken from the masterpiece of a novel, “Mastering Bitcoin”, by the great Andreas Antonopolous. As elegant as it sounds, its best to restate Andreas’ explanation of emergent consensus.
“Satoshi Nakamoto’s main invention is the decentralized mechanism for emergent consensus. Emergent, because consensus is not achieved explicitly — there is no election or fixed moment when consensus occurs. Instead, consensus is an emergent artifact of the asynchronous interaction of thousands of independent nodes, all following simple rules. All the properties of bitcoin, including currency, transactions, payments, and the security model that does not depend on central authority or trust, derive from this invention.
Bitcoin’s decentralized consensus emerges from the interplay of four processes that occur independently on nodes across the network:
  • Independent verification of each transaction, by every full node, based on a comprehensive list of criteria
  • Independent aggregation of those transactions into new blocks by mining nodes, coupled with demonstrated computation through a proof-of-work algorithm
  • Independent verification of the new blocks by every node and assembly into a chain
  • Independent selection, by every node, of the chain with the most cumulative computation demonstrated through proof of work”
The following is a scenario taken from the book as well which excellently demonstrates what is going on with a mining node and its corresponding connected miner machine:
“A mining node is listening for transactions, trying to mine a new block and also listening for blocks discovered by other nodes. The arrival of this block signifies the end of the competition for block 277,315 and the beginning of the competition to create block 277,316. During the previous 10 minutes, while Jing’s node was searching for a solution to block 277,315, it was also collecting transactions in preparation for the next block. By now it has collected a few hundred transactions in the memory pool. Upon receiving block 277,315 and validating it, Jing’s node will also check all the transactions in the memory pool and remove any that were included in block 277,315. Whatever transactions remain in the memory pool are unconfirmed and are waiting to be recorded in a new block. Jing’s node immediately constructs a new empty block, a candidate for block 277,316. This block is called a candidate block because it is not yet a valid block, as it does not contain a valid proof of work. The block becomes valid only if the miner succeeds in finding a solution to the proof-of-work algorithm.
These specialized machines are connected to his mining node over USB. Next, the mining node running on Jing’s desktop transmits the block header to his mining hardware, which starts testing trillions of nonces per second.”
That is essentially the process of what a miner machine and a mining node is going through each every second it is hooked up to the network. Of course this is just a high level overview with a bland taste but one could go more in depth by reading the book mentioned.
1.Mastering Bitcoin: Unlocking Digital Cryptocurrencies 1st Edition, by Andreas M. Antonopoulos, O’Reilly Media; 1 edition (December 20, 2014)
submitted by 1TMine to u/1TMine [link] [comments]

Cryptocurrency Books You Must Read

Cryptocurrency Books You Must Read
When you go out into Internet space to look for some information on the crypto world, you may end up being confused and baffled. Suddenly, everyone’s an expert and each has something to say about it. Without a basic knowledge of the technology, your lack of knowledge may backfire on you one day if you get into the clingy paws of ICO internet scammers, so before you invest, it is important to learn some of the basics and fundamentals.
by StealthEX
Here is a heap of cryptocurrency books we recommend you to read to nurture your crypto side of the brain:

Digital Gold by Nathaniel Popper

In his shortlisted for the 2015 Financial Times and McKinsey business book of the year, Popper tells us the story of bitcoin since its early days. He tells the story through the eyes of famous and bright crypto influencers including South American and Asian millionaires, the Winklevoss twins and the legendary Satoshi Nakamoto. The author compares the digital currency to gold, claiming cryptocurrency to be the new global standard of storing the value.
Some readers say that Digital Gold book is a ready material for a thriller – unexpected plot twists, powerful influential organizations, drugs, blackmail make up the fascinating story to read and a really good starting point to understand what Bitcoin and Blockchain Technology is. The only downside that it only takes you up to 2015 but don’t worry, those were jam-packed years of growing.

The Internet of Money by Andreas Antonopoulos

Even though Andreas Antonopoulos is one of the world’s foremost bitcoin and blockchain experts, he has a unique talent to simply explain complicated materials herewith maintaining the significance of the topic. For readers who want to explore more theory, The Internet of Money book is actually a collection of talks given by technology-enthusiast Andreas Antonopoulos, where he surpasses all the technical “geeky” details. In each section he delivers complex discussions in average words, exploring the economic, political, social and philosophical sides of the technology that has forever affected our world.
By the way, the book was released in 3-volume series so you won’t miss out on any trivia.

The Little Bitcoin Book: Why Bitcoin Matters for Your Freedom, Finances, and Future by Alejandro Machado, Jimmy Song, Alena Vranova, Timi Ajiboye, Luis Buenaventura, Lily Liu, Alexander Lloyd, Alex Gladstein

Why does the price keep changing? Is Bitcoin worth investing my money into? How does it even have value? Why do people keep saying that it is the future of currency? The answers to all these questions you are going to find out in this book written by 8 experienced crypto experts. They finished it in just four days and they did well in accumulating their knowledge in a book format along with covering a lot of different questions and concerns around the digital currency. The book also explains how Bitcoin affects people’s freedom and opportunities. Also, there is a Q & A section with some of the most frequently asked questions about Bitcoin.

Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond by Chris Burniske & Jack Tatar

The book provides a useful framework on some popular cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Ripple, etc. and also explains why and how to invest and what would be the best thing to invest into. The authors make a major focus on investment strategies that really work, and teach you on fundamental notions like volume, liquidity and volatility of crypto coins. The authors use infographics, equations, historical data and statistics to teach you about crypto assets and markets.
This crypto book is as suitable for the beginners as for the advanced investors. It’s written in a straight forward style and will probably serve as a good reference for the future.

Mastering Bitcoin: Programming the Open Blockchain by Andreas M. Antonopoulos

Another Andreas Antonopoulos book but at this time an intermediate level. If you want a technical explanation, with code samples – get this book, Mastering Bitcoin is for people who already have a programming or computer science background. Well-delivered, useful and enlightening – the book takes you through the intricate world of bitcoin, providing the knowledge you need to participate in the internet of money. Whether you’re a software developer, startup investor, or simply curious about the technology, this edition is definitely worth your attention!

The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous

This is a book written by a world-class economist Saifedean Ammous, where he explains how money works, why some money works better than the others and how monetary systems evolved throughout history – from ancient times to our days.
Some people call it an eye-opening book, which would make you overthink the concept of money in general. Anyway, the book certainly is thought-provoking and it might induce you to dive deeper into the crypto world. The author doesn’t try to predict the future of money but to widen our horizon, to understand the problem of our economic system, and see the possibility of having a decentralized alternative to central banking.

The Book Of Satoshi: The Collected Writings of Bitcoin Creator Satoshi Nakamoto by Phil Champagne

Have you ever wondered who stands behind the whole crypto industry? Who made it all possible? The fun thing is that nobody knows. All we know is the name – Satoshi Nakamoto. In his book, Champagne dives deeper into his mysterious personality and investigates who Nakamoto might be, whether it is one person or a group, and how it was possible for Nakamoto to create the game-changing Bitcoin while remaining completely anonymous. The book includes actual emails and internet posts by Nakamoto, presented in chronological order. Fine resource for anyone interested in Bitcoin, it gives insight into Satoshi’s thinking, and readers can look at Bitcoin from a whole new perspective!
And speaking of Bitcoin, if you need to exchange your BTC and many other coins, StealthEX is here for you. We provide a selection of more than 250 cryptocurrencies and constantly updating the list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example ETH to BTC.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get updates and the latest news about the crypto world. For all requests message us via [email protected].
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on
submitted by Stealthex_io to StealthEX [link] [comments]

Question Regarding Signatures in Transactions.

Recently I've been reading the book Mastering Bitcoin, 2nd Edition by Andreas M. Antonopoulos and I have a questions regarding signatures that authenticate transactions.
So as I understand, signatures are appended with a SIGHASH flag. If this SIGHASH value is set as NONE (0x02), the receiver can choose the outputs in which the transaction will send bitcoin to.
But, if this is so, doesn't it mean that once this transaction is broadcasted, and before it is mined into a block, the miner (or anyone) can modify this transaction to be sent to an address that they own?
So essentially, setting SIGHASH to NONE and broadcasting the transaction is basically donating to the miner who is lucky enough to mine the next block? And so, setting SIGHASH to NONE is really a useless feature?
I hope I have understood correctly. Thank you all in advance.
submitted by evanlinjin to Bitcoin [link] [comments]

We are Gav Wood and Andreas M. Antonopoulos and we are writing "Mastering Ethereum". Join us in 20 minutes and ask us anything!

We are Gav Wood (gavofyork), founder of Ethereum, and Andreas M. Antonopoulos (andreasma), author of Mastering Bitcoin and The Internet of Money. We are writing Mastering Ethereum under contract with O'Reilly Media, with a planned publication date in Q1'2018.
Mastering Ethereum is intended as a book for developers, outlining what Ethereum is, how it works and how to write smart contracts and dApps. We are especially interested in finding out what you are most interested in learning from this book.
The book is being developed collaboratively, and open source, on github.
Upon completion, the book will be released as a paperback and ebook on all major publishing platforms. It will also be available to read and share for free under a CC-BY-NC-ND creative commons license. Within a year of the paperback publication, we expect to relax the license to CC-BY-SA, to allow derivative, translation and commercial work.
We welcome community contributions, additions, comments and corrections, as well as code samples. Contributors can add their name (and/or github ID) to the preface as acknowledgment of their contributions
Please ask anything about the book, about the authors or about how to contribute/collaborate.
EDIT: We've answered as many questions as we could handle. Thank you all for your excellent questions, your kind words and your support! Follow the github repo to see the book develop and contribute, read, comment, correct!
The book cover:
submitted by andreasma to ethereum [link] [comments]

Blockchain books - best way for a non techy to learn?

Hey guys,
Hoping to get some advice.
I'm a recruitment consultant in London and looking to set up my own blockchain practice.
I'm goingto be attendinh as many meetups as I can and become as immersed in the space as possible. Hopefully this way I don't sound like an idiot when pitching for business!
Are there any books or material which I can use to learn the basics of blockchain technology? Enough to get by in conversation at least.
And any meetups in London people can recommend would also be appreciated :)
Thanks in advance,
submitted by Lewdog99 to CryptoCurrency [link] [comments]

Book Recommendations: Bitcoin History Post 2014, Hash Wars, and Lightning

I have now finished:
Mastering Bitcoin - Andreas Antonopoulos
Digital Gold - Nathaniel Popper
The Bitcoin Standard - Saifedean Ammous
all of which i loved and think should be the first three books anyone reads on bitcoin. They focus on how bitcoin operates, the history and people (2008-2014), and the economic theory, respectfully. I am eagerly awaiting the release of Mastering the Lightning Network which is supposed to release in Q4 2020. Until then, I am left with a desire to read more material about Bitcoin. If there are any books about bitcoins history after 2014 (mainly about hard forks and the development of lightning) i would love to know about them.
Also, a book needs to be written about the hash wars, if there is not one already. I know it is not directly related to Bitcoin but i find it important and interesting, nonetheless. I feel like there is so much to say. I could read up on some of this stuff from blogs and articles but there is something to be said for the format and polish of books.
Does anyone have some books they want to share while I wait for Andreas' next book?
submitted by wumbis to Bitcoin [link] [comments]

⚡ Lightning Network Megathread ⚡

Last updated 2018-01-29
This post is a collaboration with the Bitcoin community to create a one-stop source for Lightning Network information.
There are still questions in the FAQ that are unanswered, if you know the answer and can provide a source please do so!

⚡What is the Lightning Network? ⚡


Image Explanations:

Specifications / White Papers


Lightning Network Experts on Reddit

  • starkbot - (Elizabeth Stark - Lightning Labs)
  • roasbeef - (Olaoluwa Osuntokun - Lightning Labs)
  • stile65 - (Alex Akselrod - Lightning Labs)
  • cfromknecht - (Conner Fromknecht - Lightning Labs)
  • RustyReddit - (Rusty Russell - Blockstream)
  • cdecker - (Christian Decker - Blockstream)
  • Dryja - (Tadge Dryja - Digital Currency Initiative)
  • josephpoon - (Joseph Poon)
  • fdrn - (Fabrice Drouin - ACINQ )
  • pmpadiou - (Pierre-Marie Padiou - ACINQ)

Lightning Network Experts on Twitter

  • @starkness - (Elizabeth Stark - Lightning Labs)
  • @roasbeef - (Olaoluwa Osuntokun - Lightning Labs)
  • @stile65 - (Alex Akselrod - Lightning Labs)
  • @bitconner - (Conner Fromknecht - Lightning Labs)
  • @johanth - (Johan Halseth - Lightning Labs)
  • @bvu - (Bryan Vu - Lightning Labs)
  • @rusty_twit - (Rusty Russell - Blockstream)
  • @snyke - (Christian Decker - Blockstream)
  • @JackMallers - (Jack Mallers - Zap)
  • @tdryja - (Tadge Dryja - Digital Currency Initiative)
  • @jcp - (Joseph Poon)
  • @alexbosworth - (Alex Bosworth -

Medium Posts

Learning Resources


Desktop Interfaces

Web Interfaces

Tutorials and resources

Lightning on Testnet

Lightning Wallets

Place a testnet transaction

Altcoin Trading using Lightning

  • ZigZag - Disclaimer You must trust ZigZag to send to Target Address

Lightning on Mainnet

Warning - Testing should be done on Testnet

Atomic Swaps

Developer Documentation and Resources

Lightning implementations

  • LND - Lightning Network Daemon (Golang)
  • eclair - A Scala implementation of the Lightning Network (Scala)
  • c-lightning - A Lightning Network implementation in C
  • lit - Lightning Network node software (Golang)
  • lightning-onion - Onion Routed Micropayments for the Lightning Network (Golang)
  • lightning-integration - Lightning Integration Testing Framework
  • ptarmigan - C++ BOLT-Compliant Lightning Network Implementation [Incomplete]


Lightning Network Visualizers/Explorers



Payment Processors

  • BTCPay - Next stable version will include Lightning Network




Slack Channel

Discord Channel


⚡ Lightning FAQs ⚡

If you can answer please PM me and include source if possible. Feel free to help keep these answers up to date and as brief but correct as possible
Is Lightning Bitcoin?
Yes. You pick a peer and after some setup, create a bitcoin transaction to fund the lightning channel; it’ll then take another transaction to close it and release your funds. You and your peer always hold a bitcoin transaction to get your funds whenever you want: just broadcast to the blockchain like normal. In other words, you and your peer create a shared account, and then use Lightning to securely negotiate who gets how much from that shared account, without waiting for the bitcoin blockchain.
Is the Lightning Network open source?
Yes, Lightning is open source. Anyone can review the code (in the same way as the bitcoin code)
Who owns and controls the Lightning Network?
Similar to the bitcoin network, no one will ever own or control the Lightning Network. The code is open source and free for anyone to download and review. Anyone can run a node and be part of the network.
I’ve heard that Lightning transactions are happening “off-chain”…Does that mean that my bitcoin will be removed from the blockchain?
No, your bitcoin will never leave the blockchain. Instead your bitcoin will be held in a multi-signature address as long as your channel stays open. When the channel is closed; the final transaction will be added to the blockchain. “Off-chain” is not a perfect term, but it is used due to the fact that the transfer of ownership is no longer reflected on the blockchain until the channel is closed.
Do I need a constant connection to run a lightning node?
Not necessarily,
Example: A and B have a channel. 1 BTC each. A sends B 0.5 BTC. B sends back 0.25 BTC. Balance should be A = 0.75, B = 1.25. If A gets disconnected, B can publish the first Tx where the balance was A = 0.5 and B = 1.5. If the node B does in fact attempt to cheat by publishing an old state (such as the A=0.5 and B=1.5 state), this cheat can then be detected on-chain and used to steal the cheaters funds, i.e., A can see the closing transaction, notice it's an old one and grab all funds in the channel (A=2, B=0). The time that A has in order to react to the cheating counterparty is given by the CheckLockTimeVerify (CLTV) in the cheating transaction, which is adjustable. So if A foresees that it'll be able to check in about once every 24 hours it'll require that the CLTV is at least that large, if it's once a week then that's fine too. You definitely do not need to be online and watching the chain 24/7, just make sure to check in once in a while before the CLTV expires. Alternatively you can outsource the watch duties, in order to keep the CLTV timeouts low. This can be achieved both with trusted third parties or untrusted ones (watchtowers). In the case of a unilateral close, e.g., you just go offline and never come back, the other endpoint will have to wait for that timeout to expire to get its funds back. So peers might not accept channels with extremely high CLTV timeouts. -- Source
What Are Lightning’s Advantages?
Tiny payments are possible: since fees are proportional to the payment amount, you can pay a fraction of a cent; accounting is even done in thousandths of a satoshi. Payments are settled instantly: the money is sent in the time it takes to cross the network to your destination and back, typically a fraction of a second.
Does Lightning require Segregated Witness?
Yes, but not in theory. You could make a poorer lightning network without it, which has higher risks when establishing channels (you might have to wait a month if things go wrong!), has limited channel lifetime, longer minimum payment expiry times on each hop, is less efficient and has less robust outsourcing. The entire spec as written today assumes segregated witness, as it solves all these problems.
Can I Send Funds From Lightning to a Normal Bitcoin Address?
No, for now. For the first version of the protocol, if you wanted to send a normal bitcoin transaction using your channel, you have to close it, send the funds, then reopen the channel (3 transactions). In future versions, you and your peer would agree to spend out of your lightning channel funds just like a normal bitcoin payment, allowing you to use your lightning wallet like a normal bitcoin wallet.
Can I Make Money Running a Lightning Node?
Not really. Anyone can set up a node, and so it’s a race to the bottom on fees. In practice, we may see the network use a nominal fee and not change very much, which only provides an incremental incentive to route on a node you’re going to use yourself, and not enough to run one merely for fees. Having clients use criteria other than fees (e.g. randomness, diversity) in route selection will also help this.
What is the release date for Lightning on Mainnet?
Lightning is already being tested on the Mainnet Twitter Link but as for a specific date, Jameson Lopp says it best
Would there be any KYC/AML issues with certain nodes?
Nope, because there is no custody ever involved. It's just like forwarding packets. -- Source
What is the delay time for the recipient of a transaction receiving confirmation?
Furthermore, the Lightning Network scales not with the transaction throughput of the underlying blockchain, but with modern data processing and latency limits - payments can be made nearly as quickly as packets can be sent. -- Source
How does the lightning network prevent centralization?
Bitcoin Stack Exchange Answer
What are Channel Factories and how do they work?
Bitcoin Stack Exchange Answer
How does the Lightning network work in simple terms?
Bitcoin Stack Exchange Answer
How are paths found in Lightning Network?
Bitcoin Stack Exchange Answer
How would the lightning network work between exchanges?
Each exchange will get to decide and need to implement the software into their system, but some ideas have been outlined here: Google Doc - Lightning Exchanges
Note that by virtue of the usual benefits of cost-less, instantaneous transactions, lightning will make arbitrage between exchanges much more efficient and thus lead to consistent pricing across exchange that adopt it. -- Source
How do lightning nodes find other lightning nodes?
Stack Exchange Answer
Does every user need to store the state of the complete Lightning Network?
According to Rusty's calculations we should be able to store 1 million nodes in about 100 MB, so that should work even for mobile phones. Beyond that we have some proposals ready to lighten the load on endpoints, but we'll cross that bridge when we get there. -- Source
Would I need to download the complete state every time I open the App and make a payment?
No you'd remember the information from the last time you started the app and only sync the differences. This is not yet implemented, but it shouldn't be too hard to get a preliminary protocol working if that turns out to be a problem. -- Source
What needs to happen for the Lightning Network to be deployed and what can I do as a user to help?
Lightning is based on participants in the network running lightning node software that enables them to interact with other nodes. This does not require being a full bitcoin node, but you will have to run "lnd", "eclair", or one of the other node softwares listed above.
All lightning wallets have node software integrated into them, because that is necessary to create payment channels and conduct payments on the network, but you can also intentionally run lnd or similar for public benefit - e.g. you can hold open payment channels or channels with higher volume, than you need for your own transactions. You would be compensated in modest fees by those who transact across your node with multi-hop payments. -- Source
Is there anyway for someone who isn't a developer to meaningfully contribute?
Sure, you can help write up educational material. You can learn and read more about the tech at You can test the various desktop and mobile apps out there (Lightning Desktop, Zap, Eclair apps). -- Source
Do I need to be a miner to be a Lightning Network node?
No -- Source
Do I need to run a full Bitcoin node to run a lightning node?
lit doesn't depend on having your own full node -- it automatically connects to full nodes on the network. -- Source
LND uses a light client mode, so it doesn't require a full node. The name of the light client it uses is called neutrino
How does the lightning network stop "Cheating" (Someone broadcasting an old transaction)?
Upon opening a channel, the two endpoints first agree on a reserve value, below which the channel balance may not drop. This is to make sure that both endpoints always have some skin in the game as rustyreddit puts it :-)
For a cheat to become worth it, the opponent has to be absolutely sure that you cannot retaliate against him during the timeout. So he has to make sure you never ever get network connectivity during that time. Having someone else also watching for channel closures and notifying you, or releasing a canned retaliation, makes this even harder for the attacker. This is because if he misjudged you being truly offline you can retaliate by grabbing all of its funds. Spotty connections, DDoS, and similar will not provide the attacker the necessary guarantees to make cheating worthwhile. Any form of uncertainty about your online status acts as a deterrent to the other endpoint. -- Source
How many times would someone need to open and close their lightning channels?
You typically want to have more than one channel open at any given time for redundancy's sake. And we imagine open and close will probably be automated for the most part. In fact we already have a feature in LND called autopilot that can automatically open channels for a user.
Frequency will depend whether the funds are needed on-chain or more useful on LN. -- Source
Will the lightning network reduce BTC Liquidity due to "locking-up" funds in channels?
Stack Exchange Answer
Can the Lightning Network work on any other cryptocurrency? How?
Stack Exchange Answer
When setting up a Lightning Network Node are fees set for the entire node, or each channel when opened?
You don't really set up a "node" in the sense that anyone with more than one channel can automatically be a node and route payments. Fees on LN can be set by the node, and can change dynamically on the network. -- Source
Can Lightning routing fees be changed dynamically, without closing channels?
Yes but it has to be implemented in the Lightning software being used. -- Source
How can you make sure that there will be routes with large enough balances to handle transactions?
You won't have to do anything. With autopilot enabled, it'll automatically open and close channels based on the availability of the network. -- Source
How does the Lightning Network stop flooding nodes (DDoS) with micro transactions? Is this even an issue?
Stack Exchange Answer

Unanswered Questions

How do on-chain fees work when opening and closing channels? Who pays the fee?
How does the Lightning Network work for mobile users?
What are the best practices for securing a lightning node?
What is a lightning "hub"?
How does lightning handle cross chain (Atomic) swaps?

Special Thanks and Notes

  • Many links found from awesome-lightning-network github
  • Everyone who submitted a question or concern!
  • I'm continuing to format for an easier Mobile experience!
submitted by codedaway to Bitcoin [link] [comments]

Best books on Bitcoin?

Recently got invested and I am looking to educate myself to make better decisions going forward.
I would really appreciate suggestions of books about Bitcoin. Or if that isn't the best media, maybe there are certain sites or videos which are particularly helpful.
Thanks in advance!
submitted by ExCreationS to Bitcoin [link] [comments]

Factom Should Consider Binance Listing?

Factom has been referenced in so many blockchain technology books including the famous Mastering Bitcoin by Andreas Antonopoulos and Blockchain for Dummies by Tiana Laurence just to name a few. Surely, FCT has enough reputation and goodwill to be listed on just about any exchange it wants.
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Reseña del libro Mastering Bitcoin The Internet of Money by Andreas Antonopoulos [On Books #48] Crypto Blood x Andreas Antonopoulos Talk A Decade of Bitcoin  Central Bank Issued Cryptos & More! EP13: Mastering Bitcoin with Andreas M. Antonopoulos EB77 – Andreas M. Antonopoulos: Mastering Bitcoin

The book is authored by Andreas Antonopoulos and is published by the O’Reilly Media publishing house. The book was officially released worldwide in 2017. It is currently available only in English Language. Learn about the basic concepts of bitcoin and blockchain by download Mastering Bitcoin Epub and PDF and start investing in cryptocurrency ... Andreas Antonopoulos. A ndreas Antonopoulos is a Greek-British computer scientist and one of the most ardent voices for Bitcoin, having been involved in the cryptocurrency since 2012.. He has his ... Mastering Bitcoin - First Edition. The tags Edition1Print1, Edition1Print2 correspond to the two existing prints of Mastering Bitcoin (First Edition) as published by O'Reilly Media. Mastering Bitcoin - First Edition by Andreas M. Antonopoulos LLC is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Andreas M. Antonopoulos The bitcoin and open blockchain expert. About. Workshops. Videos. Audio. Unscrypted. Let’s Talk Bitcoin. Books. Events . Contact. Conference Invitation. Interview. Promote, Review or Advise. Misc. Requests. Shop. Support My Work. Log in. Home. Books. Andreas is the author of multiple best-selling and reader-acclaimed books: Mastering Bitcoin 2nd Edition. An in-depth ... Andreas M. Antonopoulos is a best-selling author, speaker, educator, and highly sought after expert in Bitcoin and open blockchain technologies. He is known for making complex subjects easy to understand and highlighting both the positive and negative impacts these technologies can have on our global societies. As an educator, his mission is to educate as many people as possible, in as many ...

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Reseña del libro Mastering Bitcoin

A book that needs no introduction amongst Bitcoiners. Nocoiners beware, Andreas Antonopolouss "Mastering Bitcoin" has been helping the technologically capable understand the technology that is ... Andreas is the author of three books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin, “Mastering Ethereum: Building Smart Contracts and ... Hoy hablamos de libros de Bitcoin. Comenzamos con Mastering Bitcoin de Andreas Antonopoulos, un libro gratuito sobre bitcoin y la blockchain donde podrás encontrar todos los fundamentos técnicos ... In 2014, Antonopoulos authored the groundbreaking book, Mastering Bitcoin (O’Reilly Media), widely considered to be the best technical guide ever written about the technology. His second book ... Andreas Antonopoulos, one of the leading and most inspiring figures in the space. His mission is to educate the world about #bitcoin and open blockchains and reveal its historical, technological ...