Sentences with phrase «efficient micropayments»
Therefore, following the first Bitcoin Lightning Network white paper, published in February 2015, developers have been working on Lightning Network implementations to enable bitcoin scalability, efficient micropayments and near - instant transactions.
https://bitcoinmagazine.com/
According to the authors, lightning networks would enable Bitcoin scalability, efficient micropayments, and near - instant transactions.
Efficient micropayments that can be implemented using Bitcoin technology have been postulated as a way to decentralize the Internet and return it to its origins.
Not exact matches
Bitcoin payments are highly efficient in the areas where traditional payments are not - cross-border payments, micropayments, multi-user payments, and automated payments.
This feature is also useful for efficient implementation of blockchain secured off - chain layers like the Lightning Network, where related transactions can take place instantly on «micropayment channels» off - chain, and only the final settlement is processed by the blockchain.