Discover and read the best of Twitter Threads about #Statechains
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#Statechains non-interactive novation👇
01/12
One aspect of #Bitcoin scaling is channels, e.g. 2-of-2 in Lightning or bigger groups in Lightning channel factories or payment pools.
The trade-off is that you can remain off-chain as long as you interact with the channel members.
01/12
One aspect of #Bitcoin scaling is channels, e.g. 2-of-2 in Lightning or bigger groups in Lightning channel factories or payment pools.
The trade-off is that you can remain off-chain as long as you interact with the channel members.
02/12
This interactivity is difficult to scale. If 1 person in a channel of 100 people goes offline, the only way to move your money is to go on-chain – quite the pickle!🥒
Luckily, #statechains provide a non-interactive way to swap out of a channel. No cooperation required!
This interactivity is difficult to scale. If 1 person in a channel of 100 people goes offline, the only way to move your money is to go on-chain – quite the pickle!🥒
Luckily, #statechains provide a non-interactive way to swap out of a channel. No cooperation required!
03/12
Let's say Alice and Bob have a regular Lightning channel...
Let's say Alice and Bob have a regular Lightning channel...
