Sentences with phrase «new payment channel»

Channel managers are responsible for opening new payment channels between two parties.

The new protocol aims to resolve network bottlenecks by opening up new payment channels between users.

«Leveraging [blockchain] / DLT technologies to provide a fantastic new foundation, enabled by layers of abstraction, can enable new payment channels, and securely hook in resources of all sorts,» he wrote, adding:

Those that are not tech - aware may have it difficult to embrace the new payment channel.

Once the three confirmations have passed, you can use lightning - cli to list a new payment channel, which you can then you to make payments to the Blockstream store.

For example, if Alice want to pay Bob, she doesn't necessarily need to open a new payment channel to Bob if they both have another channel already open to a common receiver.

The requirements for placing tokens into escrow mean that it may become expensive to open a new payment channel to each address you want to pay.

This eliminates the need to construct a new payment channel for every party that you want to transact with.

This will just be a one - time transaction, so there's no point in opening a new payment channel.

So to accomplish that, there must be a way to transact with people on the network without opening a new payment channel each time.