Transcription of The Bitcoin Lightning Network
{{id}} {{{paragraph}}}
Example: dental hygienist
The Bitcoin Lightning Network
The Bitcoin Lightning Network :Scalable Off-Chain Instant PaymentsJoseph 14, 2016 DRAFT Version Bitcoin protocol can encompass the global financial transac-tion volume in all electronic payment systems today, without a singlecustodial third party holding funds or requiring participants to haveanything more than a computer using a broadband connection. Adecentralized system is proposed whereby transactions are sent overa Network of micropayment channels ( payment channels ortransaction channels) whose transfer of value occurs Bitcoin transactions can be signed with a new sighash type thataddresses malleability, these transfers may occur between untrustedparties along the transfer route by contracts which, in the event of un-cooperative or hostile participants, are enforceable via broadcast overthe Bitcoin blockchain in the event of unc
The Bitcoin Lightning Network: Scalable O -Chain Instant Payments Joseph Poon joseph@lightning.network Thaddeus Dryja rx@awsomnet.org January 14, 2016
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
Related search queries
Lightning Network, Lightning, Network, Plasma: Scalable Autonomous Smart Contracts, LIGHTNING PROTECTION OF OVERHEAD POWER, LIGHTNING PROTECTION OF OVERHEAD POWER DISTRIBUTION, Lightning Strikes to People and, Risk Assessment in Predictive Outage, Risk Assessment in Predictive Outage and Asset Management