For the non-technical, what is the Lightning Network? How does it function? In this video Andreas walks through what's happening on the Lightning Network, all in a non-technical fashion. From funding transactions, to channels, routing, fees, security and trustlessness, this clip will give you a good overview of what's happening! 00:00 The Lightning Network is not a sidechian, it's an overlay network. 00:50 Lightning payments are Bitcoin payments. 01:49 The blockchain features necessary for Lightning, multi-sig and timelocks. 02:35 How the Lightning Network is setup. Funding transactions. 03:50 What is a payment channel? 04:42 Lightning local and remote balances. 05:31 Offchain transactions 08:43 Routing payments on the Lightning Network 10:30 Lightning is a trustless, non-custodial network 11:13 Lightning routing fees 11:42 Lightning Network overview summary This question is from the bonus livestream on Lightning, which took place on April 18th, 2020. If you want early-access to talks and a chance to ask questions in the monthly live Q&As with Andreas, become a Community Builder on Patreon: Related Videos:  Bitcoin Q&A: Can Bitcoin Get Stuck & Lost in a Lightning Channel? - Bitcoin Q&A: Why Does Bitcoin Need a Second Layer? - Learn more about becoming a Community Builder:   *** Socials, Books, & More ***  Website:   Twitter:   Facebook: Insta: LinkedIn: Amazon Author:   Audible: Music: "Unbounded" by Orfan ( ) Don't forget to SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications.  Thanks for watching! Join the aantonop Channel: