How Lightning Network payment channels work

Franklyn · Explainer · 8 min · 2017 · YouTube title: The Lightning Network Explained (Litecoin/Bitcoin)

Why it's here

Commenters point to it as a short, high-level overview of how Lightning payment channels work.

What it covers

An 8-minute explainer on the Lightning Network and how it relates to Segwit, Bitcoin and Litecoin. It covers how off-chain payment channels route payments to scale blockchain transactions.