Mastering the Lightning Network: A Second Layer Blockchain Protocol for Instant Bitcoin Payments

Launched in early 2018 the Lightning Network (LN) is rapidly growing in users and capacity. This second-layer payment protocol works on top of Bitcoin and other cryptocurrencies to provide near-instantaneous transactions between two parties. With this practical guide authors Andreas M. Antonopoulos Olaoluwa Osuntokun and Rene Pickhardt explain how this advancement will enable the next level of scale for Bitcoin increasing speed and privacy while reducing fees.Ideal for developers systems architects investors and entrepreneurs looking to gain a better understanding of LN this book demonstrates why experts consider LN a critical solution to Bitcoin's scalability problem. You'll learn how LN has the potential to support far more transactions than today's financial networks ushering in an era of global micro-transactions at sub-second resolution.In several parts this book examines:The challenges of scaling blockchain technology and why the Lightning Network was inventedLN basics including wallets nodes and lightning paymentsLightning payment channels and how they workRouting payments by constructing paths of payment channels from sender to recipient including onion routing and atomic multi-path paymentsLightning developments such as eltoo Schnorr signatures HODL invoices JIT routing channel splicing and channel factoriesBuilding applications on Lightning (Lapps)

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The key to successfully starting any business is a good business plan. In his ebook, Mastering the Lightning Network: A Second Layer Blockchain Protocol for Instant Bitcoin Payments, Mike Elia walks you through the business plot process step-by-step: from hoard the evidence youll use to construct your plot to delivering your plot to official investors.

His autograph album provides the basic opinion you compulsion to write a business plan. But its genuine focus is revealing how to communicate your plot to investors and persuade them that your business is their best investment choice.

When I first opened business plot Secrets Revealed, my heart sank. You see, I had promised Mike I would contact his autograph album no question in the past writing a review. And business plot Secrets Revealed is no unspecified ebook with one sentence paragraphs, large fonts and hefty margins. Its crammed full of information!

But as I began to read, I was genially surprised. Mikes writing style is engaging and practical, and his explanations simplify hard concepts. Throughout the book, I felt as even if a friend was sitting with me on the put up to porch, matter-of-factly explaining exactly how to complete something. Its the nice of simple practicality that you can achieve and no-one else with you abundantly comprehend a subject.

Mikes positive union of business planning concepts results from experience spanning more than 20 years. Mike helps business owners buy, sell and finance their businesses. He has overseen manufacturing and sales locations in more than nine countries. He is a CPA, holds a Masters in business Administration, and has served as Chief Financial commissioner of two publicly held companies.

Business plot Secrets Revealed starts with tips for collecting and organizing the opinion youll need. From the beginning, Mike concentrates on overcoming your biggest single challengebridging the opportunist confidence gap. In the chapter Show Me the Numbers, Mike provides some of the clearest explanations of business financial statements that Ive ever contact If concepts with stockholders equity or statements of cash flow create your eyes glaze over, subsequently your salvation has arrived.

Later chapters of business plot Secrets Revealed really adopt on Mikes union to put up to you communicate your business plot effectively. There are firm instructions on writing your business plan, including how to get your plot opened and read, and how to avoid nine common writing mistakes. He explains how choosing the right design can create your business plot easier to read. Mike wraps things taking place by telling you how to prepare for indispensable face-to-face era with investors, including developing a 60-second, to-the-point, verbal showground for your business. Tips on finding investors and a resources section firm the book.

I must undertake that several era as I was reading, I would question myself, Do I really compulsion this much business plan? This is not a fill-in-the-blanks-and-print-it-out business plot solution. But subsequently I realizedif Im gigantic virtually succeeding, subsequently I complete compulsion to know as much as realizable virtually my business taking place front. in the past Ive started spending money. in the past I put myself on the heritage out in the market.

By the way, I did create it through the collect book. And I stated that Mike delivers what he promises on the title page: he teaches you how to quickly hoard evidence, construct a encounter for your business, and write a readable plot that attracts investors and makes your business the most interesting investment choice. Even if you already own new business planning resources, I intensely suggest business plot Secrets Revealed