Sentences with phrase «of payment channels where»

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.

Worth mentioning here is the Lightning Network; a network of payment channels where numerous transactions can take place between parties in a completely trustless way, without burdening the Bitcoin blockchain and without threatening Bitcoin's trustless character.

Not exact matches

A previous Bitcoin Magazine article provides a step - by - step explanation of a simple example where two users agree to swap agreed amounts of BTC and LTC and use the multisig and time lock features available in both Bitcoin and Litecoin basic scripting to synchronize two transactions on two independent blockchains without having to trust each other.It's worth noting that Lightning Network payment channels, now enabled by SegWit, make atomic swaps more powerful and easier to implement, and permit adding support for off - chain swaps.

Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount, free standard Wi - Fi, as well as digital amenities that are available exclusively through the industry - leading Hilton Honors app, where Honors members can check - in, choose their room, and access their room using a Digital Key.

A qualifying stay is defined as one or more consecutive nights at an MGM Resorts Destination regardless of check in / check out occurrences, booked on Southwest.com, Southwest Vacations, MGM Resorts Vacations, MGM Resorts International, or M life direct channels where payment is made directly from the guest to MGM Resorts.

An example of state channels is payment channels in Bitcoin where many payments can be made between two parties before eventually being settled on the blockchain.

But where a lightning network payment channel only lets the parties involved broadcast the most recent channel state, DLCs limit them to broadcasting only the channel state reflecting the correct outcome of a bet.