Sentences with phrase «for micropayments»

«TON Payments» is a platform for micropayments and a micropayment channel network.

Elizabeth Stark, Lightning Labs founder and chief executive officer, says merchants and especially online businesses will be the most likely users as it facilitates a high volume of payments and its near - zero fees allow for micropayments.

A relatively short run (attempting 400,000 payments) shows that payments succeed 99 % of the time, failing more often for micropayments than larger payments.

Another blockchain startup has announced it will no longer use bitcoin for its micropayments processing.

This works well for micropayments and reduces on - chain transactions and should help Bitcoin scale.

In turn, Poon spoke about the technical limitations of the blockchain for micropayments today, suggested that the cost of using the network for a transaction is 3 cents, making smaller transactions cost - prohibitive.

Unfortunately, it's locked behind a fussy registration process, presumably so that Konami can hit you up for micropayments in the near future.

Bitcoin is often advertised as being very cheap and a good solution for micropayments.

Therefore, new cryptocurrencies like Litecoin and Dash have taken over as the standard for micropayments — transactions can be sent for as little as a few cents.

According to the Raiden website, the new technology permits leveraging off - chain state networks to extend Ethereum with scalability to more than 1,000,000 transfers per second, near - instant transactions with very low fees, confidentiality, interoperability with other Ethereum applications and support for micropayments.

(Sending a whole bitcoin is probably a lot for a payment channel, as these might be more useful for micropayments — but it's perfectly possible.)

As the world of cryptocurrency matures, and transitions from a mere investment vehicle to being used to make real - world payments, IOTA's unique approach and free transaction fees, especially for micropayments, mean it's well positioned.

Stöcker suggested the machine economy will primarily use blockchain tech for micropayments - fractions of pennies paid by machines to other machines to compensate them for performing tasks.

The idea behind the project, which is a simpler take on the still - in - development Raiden network, is to provide a mechanism for micropayments similar to bitcoin's Lightning network.

To facilitate these payments, the technology used must be applicable for micropayments.

For instance, there may be no older and bigger «buried treasure» use case for bitcoin than its ability to serve as a protocol for micropayments.

The portfolio of the Coinsilium company includes the development of such blockchain projects as: Factom, provider of «transparent» blockchain software for public services, Rootstock, a sidechain with the support of smart contracts, Rivetz, provider of blockchain - solutions for strengthening cybersecurity, SatoshiPay, a platform for micropayments, Contentio, service for B2B blockchain payments and provider of blockchain infrastructure for corporate clients Neurowave.

The front runner solutions for scaling are split between Bitcoin Unlimited (BU), which seeks to scale by increasing the block size as necessary, and Lightning Network (LN), which proposes the use of off - chain payment channels to allow for a micropayment - friendly network and instant transactions.

A relatively short run (attempting 400,000 payments) shows that payments succeed 99 % of the time, failing more often for micropayments than larger payments.

Because bitcoin has high transaction fees, which makes it inefficient to use bitcoin for micropayments.

Although it's online, it's a single - price self - contained game that won't pester you for micropayments or free - to - play gimmicks.

This could potentially clear up network congestion, allow for micropayments, and reduce transaction fees dramatically.

A white paper released by Telegram and cited by the magazine outlines a four - stage plan for the so called Telegram Open Network, which includes a platform for third - party services, a platform for micropayments and a micropayment channel network, as well as a blockchain consisting of a master chain and 2 - to - the - power - of - 92 accompanying blockchains.