Sentences with phrase «enable micropayments»

The release coincides with a stronger presentation of the company's long - term vision, one that will find it seeking to enable micropayments via API services for developers.

The implementation of Lightning Network and other solutions including TumbleBit will further scale the Bitcoin network by enabling micropayments and applications that were not possible before.

Let's say you're buying a house for this little family of yours, including the teen who has to email his homework to the professor before he can play new videogames paid for with Lightning - enabled micropayments.

Meanwhile Bitrefill, which allows users to pay phone bills or buy video games with bitcoin, is testing similar Lightning - enabled micropayments with real bitcoin.

Not exact matches

Micropayments are an important feature enabled by the Bitcoin technology.

The original Bittorrent software enables peer - to - peer file sharing, but Joystream hopes micropayment incentives for sharing files and bandwidth can help create a more robust torrenting atmosphere.

It is Ethereum's version of Bitcoin's Lightning Network, enabling near - instant, low - fee, scalable micropayments.

The standardization and deployment of the Lightning Network's second - level, off - chain payment layer is expected to result in instant bitcoin transactions, improved scalability and lower fees, enabling fast and cheap micropayments.

To demonstrate its technology, Blockstream has also announced the launch of e-commerce store powered by Lightning Charge, which enables users to make use of Lightning micropayments on the bitcoin mainnet.

While Charles referred to the Lightning Network as «good technology» that will be helpful for enabling instant transactions and micropayments on Bitcoin, he also pointed out a number of caveats to the positive aspects of this new payments technology in the early days of its availability.

According to the authors, lightning networks would enable Bitcoin scalability, efficient micropayments, and near - instant transactions.

The protocol will also allow smart devices to share resources and make payments, while reducing the load for the end user and enabling machine - to - machine (M2M) micropayments as a result of low transaction costs.

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.

In Decker's view, off - chain protocols, such as the Lightning Network or Duplex Micropayment Channels, are desirable for long - term scalability because they evolve much faster and do not rely on consensus from the entire ecosystem to enable.

«We hope to help solve bitcoin scalability and instant transactions, enabling bitcoin to encompass all transactions - even many thousands of micropayments per person,» he concluded.

Further, they iterated the fact that Bitcoin Cash allowed purchasers to send payments with significantly lower bitcoin miner fees which would enable the company to continue accepting micropayments.