Lightning Network Review with Andreas Brekken (Part 1)
Nearly three years after the release of the whitepaper, the LN is on the mainnet. With a few hundred thousand dollars worth of BTC and programming chops, Andreas dives in to see what it's all about.
Listen here or on your favorite platform
About the Episode
What is it like running the largest node on the Lightning Network?
Andreas Brekken of Shitcoin.com shares his findings. Halfway through the project, we cover the following aspects of the LN:
- How easy is it to setup a node?
- The economics of opening channels
- Profitability of running a node
- Security from hackers
- Will there be future KYC/AML requirements?
About the Host
Matt Aaron has been podcasting since 2013, when he launched the Food Startups Podcast.
He recently found a second love in cryptocurrency and blockchain and hasn't looked back.
His first major investment into cryptocurrency was the money he made betting on (but not voting for) that Donald Trump would win the 2016 election.
Matt believes that public blockchains and cryptocurrencies are the solution to the many problems exposed of the current banking system in the 2008 financial crisis.