Book #10 - Mastering the Lightning Network

Mastering the Lightning Network: A Second Layer Blockchain Protocol for Instant Bitcoin Payments
by Andreas M. Antonopoulos, Olaoluwa Osuntokun, and Rene Pickhardt
(expected publication in Q4 2020)

Meetup: https://www.meetup.com/Los-Gatos-Rust-Reading-Group/events/276316072/
Zoom: https://us02web.zoom.us/j/84281187589
Discord: Join the Los Gatos Reading Group Discord Server!
Github: GitHub - lnbook/lnbook: Mastering the Lightning Network (LN)

Holding Pattern

We are currently waiting for the next chapters of the book to reach Review status. Four chapters in Part 2 are in Early Draft status and seem likely to go to Review status soon.

Sessions

The Bitcoin Lightning Network white paper March 9, 2021 Sections 1-3	Presenter

The Bitcoin Lightning Network white paper March 9, 2021 Sections 1-3	Presenter
3 Bidirectional Payment Channels 3.1.2 3.3.1	Casey

Lightning Pool White Paper https://lightning.engineering/lightning-pool-whitepaper.pdf January 12, 2021 - Sections 3 & then 1 January 19, 2021 - Section 2 January 26, 2021 - Sections 4 February 2, 2021 - Sections 5 & 6	Presenter

Lightning Pool White Paper https://lightning.engineering/lightning-pool-whitepaper.pdf January 12, 2021 - Sections 3 & then 1 January 19, 2021 - Section 2 January 26, 2021 - Sections 4 February 2, 2021 - Sections 5 & 6	Presenter
Section 1	Sean
Section 2	Casey
Section 3	Sean
Section 4 - The Channel Lease Marketplace 4.1 High-Level Description	Casey
4.2 Lightning Channel Leases	Casey
4.3 Non-Custodial Auction Accounts	Casey
4.4 Order Structure & Verification	Casey
4.5 Auction Design	Casey
Section 5 - The Shadowchain: A Bitcoin Overlay Application Framework 5.1 High-Level Description 5.2 Comparison To Related Frameworks	Franck
5.3 The Shadowchain Framework	Franck
Section 6 - Lightning Pool: A Channel Liquidity Markeplace as a Shadow Chain 6.1 Instantiating a CLM 6.1.1 System Initialization 6.1.2 Lightning Pool Accounts
6.1.3 Channel Leases in the Lightning Network
6.1.4 Order Structure 6.1.5 Node Rating Agencies 6.1.6 Uniform Price Market Clearing & Matching
6.1.7 Auction Batch Execution 6.1.8 Sidecar Channel Market Clearing & Batch Execution 6.1.9 LSAT as Pool Tickets
6.2 The Lightning Pool Shadowchain 6.2.1 Lightning Pool Accounts as Lifted UTXOs 6.2.2 Auction Batch Proposal 6.2.3 Shadowchain Batch Execution 6.2.4 Unconfirmed Batch Cut-Through 6.2.5 Auction Upgrades

Chapter 5 Operating a Lightning Network Node January 5, 2021	Presenter

Chapter 5 Operating a Lightning Network Node January 5, 2021	Presenter
Choosing your Platform	Franck
Using an installer or helper	Franck
Choose your Lightning node implementation	Franck
Installing a Bitcoin or Lightning node	Casey
Security of your node	Casey
Node and channel backups	Casey
Lightning node uptime and availability	Alex
Channel management	Alex
Routing fees	Alex
Node management	Alex

Chapter 4 - Exercises at end	Presenter

Chapter 4 - Exercises at end	Presenter
Hackergarden	everyone
Run a circular payment from a node back to itself in order to rebalance its own channels. See how that affects all the other channels and nodes.	Casey

Chapter 4 - Part 2 (to the end)	Presenter

Chapter 4 - Part 2 (to the end)	Presenter
The Lightning Network Daemon (LND) node project	Casey
The Eclair Lightning node project	Casey
Building a complete network of diverse Lightning Nodes	Casey
Hackergarden	everyone

Chapter 3 - Part 4 How the Lightning Network Works Chapter 4 - Part 1 Lightning Node Software November 10, 2020 - 7:00 pm pacific	Presenter

Chapter 3 - Part 4 How the Lightning Network Works Chapter 4 - Part 1 Lightning Node Software November 10, 2020 - 7:00 pm pacific	Presenter
Peer-to-Peer Communication Encryption	Casey
Thoughts about Trust	Casey
Comparison with Bitcoin	Casey
Commonality of Bitcoin and Lightning	Casey
Intro and Lightning Development Environment	Casey
Docker Containers	Casey
Bitcoin Core and Regtest	Casey
The c-lightning Lightning node project	Casey

Chapter 3 - Part 3 How the Lightning Network Works November 3, 2020 - 7:00 pm pacific	Presenter

Chapter 3 - Part 3 How the Lightning Network Works November 3, 2020 - 7:00 pm pacific	Presenter
Closing the channel Mutual close Force close Protocol breach	Amit
Invoices	Franck - 13,700
Delivering the Payment	Franck - 20,000
Source-based Pathfinding	Franck - Moon!
Peer-to-Peer Communication Encryption	Casey
Thoughts about Trust	Casey
Comparison with Bitcoin	Casey - back on earth there are the humble nanopayments as we shall discuss
Commonality of Bitcoin and Lightning	Casey

Chapter 3 - Part 2 How the Lightning Network Works October 27, 2020 - 7:00 pm pacific	Presenter

Chapter 3 - Part 2 How the Lightning Network Works October 27, 2020 - 7:00 pm pacific	Presenter
Funding Transaction Example of a poor channel opening procedure	Casey
Commitment Transaction	Casey
Cheating with prior state	Casey
Announcing the channel	Casey

Chapter 3 - Part 1 How the Lightning Network Works October 20, 2020 - 7:00 pm pacific	Presenter

Chapter 3 - Part 1 How the Lightning Network Works October 20, 2020 - 7:00 pm pacific	Presenter
What is a payment channel?	Franck
Payment channel basics	Franck
Routing payments across channels	Franck
Payment channels	Casey
Multisig addresses	Casey

Chapters 1 & 2 Introduction & Getting Started September 15, 2020 - 7:00 pm pacific	Presenter

Chapters 1 & 2 Introduction & Getting Started September 15, 2020 - 7:00 pm pacific	Presenter
Introduction	Casey
Lightning Nodes, Lightning Explorer, Lightning Wallets, Balancing complexity and control	Casey
Alice’s First Lightning Wallet, Creating a New Wallet, Loading Bitcoin Into the Wallet	Casey
From Bitcoin to Lightning Network	Casey
Buying a Cup of Coffee	Casey