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Mastering the Lightning Network: A Second Layer Blockchain Protocol for Instant Bitcoin Payments
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The Lightning Network (LN) is a rapidly growing second-layer payment protocol that works on top of Bitcoin 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.
This book examines:
- How the Lightning Network addresses the challenge of blockchain scaling
- The Basis of Lightning Technology (BOLT) standards documents
- The five layers of the Lightning Network Protocol Suite
- LN basics, including wallets, nodes, and how to operate one
- Lightning payment channels, onion routing, and gossip protocol
- Finding paths across payment channels to transport Bitcoin off-chain from sender to recipient
- ISBN-101492054860
- ISBN-13978-1492054863
- Edition1st
- PublisherO'Reilly Media
- Publication dateJanuary 4, 2022
- LanguageEnglish
- Dimensions7 x 1 x 9.25 inches
- Print length464 pages
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From the Publisher
The Lightning Network (LN) is a second layer peer-to-peer network that allows us to make Bitcoin payments “off-chain,” meaning without committing them as transactions to the Bitcoin blockchain.
The Lightning Network gives us Bitcoin payments that are secure, cheap, fast, and much more private, even for very small payments.
Building on the idea of payment channels, first proposed by Bitcoin’s inventor Satoshi Nakamoto, the Lightning Network is a routed network of payment channels where payments “hop” across a path of payment channels from the sender to the recipient.
The initial idea of the Lightning Network was proposed in 2015 in the groundbreaking paper “The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments,” by Joseph Poon and Thaddeus Dryja. By 2017, there was a “test” Lightning Network running on the internet, as different groups built compatible implementations and coordinated to set some interoperability standards. In 2018, the Lightning Network went “live” and payments started flowing.
In 2019, Andreas M. Antonopoulos, Olaoluwa Osuntokun, and René Pickhardt agreed to collaborate to write this book. It appears we have been successful!
Intended Audience
This book is mostly intended for technical readers with an understanding of the fundamentals of Bitcoin and other open blockchains.
Editorial Reviews
About the Author
Andreas has written two more best-selling technical books for programmers with O'Reilly Media, Mastering Bitcoin and Mastering Ethereum. He has also published The Internet of Money series of books, which focus on the social, political, and economic importance and implications of these technologies. Andreas produces free educational content on his YouTube channel weekly, and teaches virtual workshops on his website. Learn more at aantonop.com
Olaoluwa Osuntokun is the co-founder and CTO of Lightning Labs, and also the lead developer of lnd, one of the main implementations of Lightning. He received his B.S and M.S in Computer Science from UCSB and was a member of the Forbes 30 Under 30 class of 2019. During his graduate studies he focused on the field of applied cryptography, specifically encrypted search. He has been an active Bitcoin developer for over 5 years, and is an author of several Bitcoin Improvement Proposals (BIP 157+158). These days, his primary focus lies in building, designing, and evolving private, scalable off-chain blockchain protocols, such as Lightning.
René Pickhardt is a trained mathematician and data science consultant who uses his statistical knowledge to do research with NTNU about pathfinding, privacy, reliability of payments and service level agreements of the Lightning Network. René maintains a technical and developer-oriented Youtube channel about the Lightning Network and has answered roughly half of the questions about the Lightning Network on Bitcoin Stackexchange making him the go-to point for almost all new developers who want to join the space. René has held numerous workshops about the Lightning network in public and private, including teaching students of the 2019 Chaincode Labs residency together with other core Lightning Developers.
Product details
- Publisher : O'Reilly Media
- Publication date : January 4, 2022
- Edition : 1st
- Language : English
- Print length : 464 pages
- ISBN-10 : 1492054860
- ISBN-13 : 978-1492054863
- Item Weight : 2.31 pounds
- Dimensions : 7 x 1 x 9.25 inches
- Best Sellers Rank: #1,128,978 in Books (See Top 100 in Books)
- #300 in Computer Cryptography
- #333 in Bitcoin & Cryptocurrencies
- #375 in Business Entrepreneurship
- Customer Reviews:
About the authors

Rene Pickhardt is researching the reliability of the payment process on the Lightning Network. Together with his co-authors he created an imbalance measure for Lightning nodes, proposed Just in Time Routing (JIT Routing), introduced Probabilistic payment delivery and found the optimal split of multi part payments that led to the currently best known payment routing algorithm ( aka Pickhardt Payments ). He also disclosed several vulnerabilities.
As an educator Rene added the first article about the Lightning Network to the German Wikipedia, created an openly licensed 300 slides presentation diving into the protocol, answered more than 50% of all questions about the Lightning Network on Stack exchange and maintained the first youtube channel explaining the Lightning Network to developers.
Rene studied Mathematics, Physics, Chinese and Computer Science and was a fellow of the German National Academic Foundation.

Olaoluwa Osuntokun is the co-founder and CTO of Lightning Labs, and also the lead developer of lnd, one of the main implementations of Lightning. He received his B.S and M.S in Computer Science from UCSB and was a member of the Forbes 30 Under 30 class of 2019. During his graduate studies he focused on the field of applied cryptography, specifically encrypted search. He has been an active Bitcoin developer for over 7 years, and is an author of several Bitcoin Improvement Proposals (BIP 157+158). These days, his primary focus lies in building, designing, and evolving private, scalable off-chain blockchain protocols, such as Lightning.

Andreas M. Antonopoulos is an acclaimed author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts. Andreas makes complex subjects accessible and easy to understand. He is known for delivering electric talks that combine economics, psychology, technology, and game theory with current events, personal anecdote, and historical precedent—effortlessly transliterating the complex issues of blockchain technology out of the abstract and into the real world.
In 2014, Antonopoulos authored the groundbreaking book, Mastering Bitcoin, widely considered to be the best technical guide ever written about the technology. His second book, The Internet of Money, unveiled the “why” of bitcoin—and became a bestseller on Amazon as did the follow up books The Internet of Money Volume Two, and The Internet of Money Volume Three. Mastering Ethereum, a technical guide to the Ethereum network, was published in late 2018. His most recent book Mastering the Lightning Network explains Bitcoin's second layer payment network. His books have been translated and published in 14 languages so far.
He is a teaching fellow with the University of Nicosia, serves on the Oversight Committee for the Bitcoin Reference Rate at the Chicago Mercantile Exchange, and has appeared as an expert witness in hearings around the world, including the Australian Senate Banking Committee and the Canadian Senate Commerce, Banking and Finance Committee.
As an entrepreneur, Andreas has founded a number of bitcoin businesses and launched several community open-source projects. He serves as an advisor to several bitcoin and crypto-currency companies. He is a widely published author of articles and blog posts on bitcoin, is a permanent host on the popular Speaking of Bitcoin Podcast, and a frequent speaker at technology and security conferences and meetups worldwide.
Andreas can be contacted via twitter (@aantonop) or via the contact forms on his website aantonop.com






















