Phrases with «payment channels»

"Payment channels" refer to a method that allows people or entities to make multiple transactions with each other without involving the main blockchain every time. It's like opening a temporary pathway or tunnel to transfer funds faster and with less cost, and settling the final results on the main blockchain when necessary. Full definition

Sentences with «payment channels»

The lightning network is an attempt to create a generalized layer of payment channels where users can send payments to a wide number of other parties via this mechanism. (bitcoinmagazine.com)
This is because the exchange would have to open payment channels with all customers, meaning they'd need to invest bitcoins in these channels. (bitcoinmagazine.com)
Instead, users can create payment channels between each other. (investinblockchain.com)
(see all sentences)

Phrases with «payment channels»

Sentences with «payment channels»

See also