Welcome to another Tech Mem Ride Home Bonus episode. I'm Brian McCullough as always.

And I'm Chris Messina. Today we are talking to David Marcus, the CEO and

founder of Light Spark. But you're going to hear this clipped into the Daily show because David you've got some news for us

happening right now today so David welcome to the show and let's get right to

the news. Thanks for having me. Our news today is that

coin base is going to implement lightning using light spark stack

and that will mean faster cheaper transactions on the Bitcoin network for all

coin-based users very soon. So let's assume that half of the audience maybe isn't

very deep into crypto. Can you explain what the lightning network is for

those that might be unfamiliar? Sure. So lightning is actually a layer two payments

protocol on top of Bitcoin that enables Bitcoin to move in real time at a

fraction of the cost of layer one so as you probably know layer one Bitcoin is

actually pretty slow it's very secure, but slow.

One new block every 10 minutes, which means that your transaction will take about 10 minutes to clear on

layer 1.

Lightning makes it instantaneous real-time, low-cost, and so when you

want to deposit or withdraw a Bitcoin from Coinbase, now you'll be able to do it in real-time

at a much lower cost from any other wallet or any other

exchange or any other institution that supports lightning which is almost everyone now.

Okay, so explain that in greater detail

and we can come back to lightning and light spark in the technology.

If I'm a coin-based user, what am I going to see?

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