Cryptocurrency Q&A
What is Bitcoin state channel?
What is Bitcoin state channel?
GalaxyWhisper
Fri Nov 29 2024
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7 answers
1720
Bitcoin state channel is a technique that enables interactions on the blockchain to be conducted off-chain, improving efficiency and scalability. It allows participants to lock assets on-chain, conduct multiple transactions off-chain, and then settle the final state on-chain, reducing fees and transaction delays.
7 answers
noah_smith_researcher
Sun Dec 01 2024
State channels represent a novel approach in blockchain technology.
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CryptoEagle
Sun Dec 01 2024
Transactions within state channels are only finalized on the blockchain afterward.
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CryptoMaven
Sun Dec 01 2024
They function as peer-to-peer protocols allowing direct interaction between users.
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CryptoWizardry
Sun Dec 01 2024
Off the blockchain, users can engage in transactions without immediate public posting.
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Lorenzo
Sun Dec 01 2024
This method facilitates faster and more efficient exchanges between two parties.
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