The Merchant: Avoiding Payment Channel Depletion through Incentives
The Merchant: Avoiding Payment Channel Depletion through Incentives
Payment channels networks drastically increase the throughput and hence scalability of blockchains by performing transactions off-chain. Hence, they are a promising substrate for all decentralized applications that require instant payments. In an off-chain payment, parties deposit coins in a channel and then perform transactions without invoking the global consensus mechanism …