The Lightning Network 2019 Review with Jack Mallers

Location: Boulder, Colorado
Date: Monday, 23rd December
Project: Zap
Role: Founder

The Lightning Network is a layer two solution that allows users to send and receive Bitcoin 'off-chain'. Sending and receiving transactions on Lightning is both fast and cheap, allowing the Bitcoin network to scale while maintaining decentralisation by keeping the basechain block size small.

The technology isn't perfect though. In its current state, the Lightning Network can be complicated and intimidating to newcomers as the user experience has key differences from transacting on the basechain. Lightning is developing at pace, and UX design is abstracting away many of the intricacies of the network.

Lightning as a micropayment mechanism for the mainstream market is just one potential use. Jack Mallers, Founder of the Lightning Network wallet Zap, thinks that Lightning may have a far broader value proposition.

In this interview, I review The Lightning Network in 2019 with Zap founder Jack Mallers. We discuss why Lightning matters, private key management, custodial v non-custodial wallets, and how proprietary trading firms may be the next big use case.

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Connect with Jack:
- On Twitter
- On Medium
- On YouTube
- Zap on Github
- His Website
- With Zap

Mentioned in the interview:
- Neutrino
- Lightning Network
- Wallet of Satoshi
- Bloom Filters
- Andreas M. Antonopoulos
- Bitcoin Core
- Russell Okung
- Jack Dorsey
- Time preference
- Casa
- Blockstream

Other relevant WBD podcasts:
- WBD179: Bitcoin Youth Programme in El Salvador with Michael Peterson
- WBD153: Trace Mayer on Claiming Your Monetary Sovereignty with Bitcoin
- WBD124: Bitcoin and Cannabis With Bitcoin Mom, Bill and Jack Mallers
- WBD093: Jack Mallers on Lightning Design and UX
- WBD092: Christian Decker - An Introduction to The Lightning Network
- WBD074: Matt Corallo on How Bitcoin Works
- WBD068: Peter Todd on the Essence of Bitcoin
- WBD058: Trace Mayer on Why You Must Own Your Bitcoin Private Keys
- WBD018: Bitcoin Scaling and Lightning Network with Jameson Lopp
- WBD017: Why Small Blocks are Important for Bitcoin with Samson Mow

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