November 2021
Intermediate to advanced
464 pages
12h 6m
English
Content preview from Mastering the Lightning Network
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Appendix A. Bitcoin Fundamentals Review
The Lightning Network is capable of running above multiple blockchains, but is primarily anchored on Bitcoin. To understand the Lightning Network, you need a fundamental understanding of Bitcoin and its building blocks.
There are many good resources that you can use to learn more about Bitcoin, including the companion book Mastering Bitcoin, 2nd Edition, by Andreas M. Antonopoulos, which you can find on GitHub under an open source license. However, you do not need to read a whole other book to be ready for this one!
In this chapter, we’ve collected the most important concepts you need to know about Bitcoin and explained them in the context of the Lightning Network. This way you can learn exactly what you need to know to grasp the Lightning Network without any distractions.
This chapter covers several important concepts from Bitcoin, including:
-
Keys and digital signatures
-
Hash functions
-
Bitcoin transactions and their structure
-
Bitcoin transaction chaining
-
Transaction outpoints
-
Bitcoin Script: locking and unlocking scripts
-
Basic locking scripts
-
Complex and conditional locking scripts
-
Timelocks
Keys and Digital Signatures
You may have heard that bitcoin is based on cryptography, which is a branch of mathematics used extensively in computer security. Cryptography can also be used to prove knowledge of a secret without revealing that secret (digital signature), or prove the authenticity of data (digital fingerprint). These ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.