Sentences with phrase «spoke payment channels»

The Bitcoin Lightning Network came to life in 2013, when Poon, «like many before him», he says, had the idea for hub and spoke payment channels.

While bad politics, focusing on centralized hub - and - spoke payment channels first would have been much simpler.

Not exact matches

Speaking to Forbes, Spanktoshi Nakabooty (a pseudonym which likely refers to the whole board of the startup) said, «Our belief is that payment channels are the key to near - term cryptocurrency adoption, and the adult industry is a perfect testing grounds for creating parallel economies that transcend the inefficiencies of legacy banking institutions.

The payment processor could, in turn, also have channels with other payment processors, with more customers, turning the payment channel network into a hub - and - spoke system.