CashPipe | Bitcoin payment channels
posted to Share by citlayik

@timmy_i_chen :) sure. There are lots of resources both websites and youtube videos but I'll summarize here real quick:
Lightning Network is a Layer 2 solution on top of Bitcoin's blockchain, made up of point-to-point payment channels.

When you want to send some bitcoin to someone you have 2 options:
1- Regular bitcoin blockchain way: You sign a transaction with your private key and destination address and broadcast it to the whole world and thousands of nodes write/confirm it on their disks.
2- You send it to a Lightning Node that you have a channel with, and that node forwards it to another node they have channel with and so on until your target is destination is reached and bitcoin delivered.

This ensures blockchain is not bloated with every tiny 5 cent transaction and your transactions are private and not on a public ledger. And it's all the same because when you these "payment channels" are closed, they are tallied up and written to the blockchain once, instead of hundreds of times for those hundreds of tiny back/forth payments.

That's as short as I could make it. I hope it was helpful ;)

👾We're hosting a Game Jam! 👾
posted to Share by katyadee

@KatyaDelaney what do you think antminer s9 tastes like? that metal hashing machine? pennies of course.
yay, I hope some people play it and give me some ideas so I can improve it until the submission date.

Cashpipe | Bitcoin Lightning Network Simulator
posted to Share by citlayik

Really? Can noone else beat me? Or suggest an update?

👾We're hosting a Game Jam! 👾
posted to Share by katyadee

I finally submitted my thing as well. It's a Lightning Network simulator. It fits the theme and it's fun.
I want that bitcoin so much I can taste it. It tastes like pennies and like financial freedom :D

👾We're hosting a Game Jam! 👾
posted to Share by katyadee

I'm freaking out a little bit, but trying to play it cool.
"Challenge Accepted!"