The network envisages a number of state channels (or, separate payment channels) between two parties to enable conducting of transactions off bitcoin's blockchain. A similar concept is sidechains, which offer less security and decentralization but can be used to take transactions off bitcoin's chain.
from Google Alert - Blockchain http://ift.tt/2COnO6i
There are so many benefits to using a cryptocurrency, that it would seem foolish to neglect such an invention. For example, it allows you to send money anywhere in the world in an instant, with basically no fees involved. Everyone can be included in the financial system, it will change the way we interact with money, it can prevent fraud, and much more.
Subscribe to:
Post Comments (Atom)
Featured Post
BITCOIN (BTC) blockch✂️ain FORKS
π§ππ§ππ§ππ§ππ§ππ§ππ§ππ§ Bitcoin Cash: Forked at Block 478558, 1 August 2017, For each 1 BTC you get 1 BCH Bytether: Cross for...
No comments:
Post a Comment