Questions tagged [micropaymentchannels]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
7 votes
1 answer
482 views

How are Lightning network, duplex channels, and micropayment channels related?

I'm new to Bitcoin and just became familiar with Micropayment channels. But how exactly do they relate to: Lightning network Duplex Micropayment Channels ? I am reading about these but can't find a ...
hartmut's user avatar
  • 681
4 votes
2 answers
145 views

Micro-payments definition and ideal platform

Have developers come close to reaching a consensus on either: The definition of micro payments? Whether micro-payments ideally belong on the main chain or side chains?
Jamal Wilson's user avatar
1 vote
1 answer
95 views

How is a transaction verified in a micropayment channel?

Let's say Alice opens a micropayment channel with Bob and sends $10 into the multi sig transaction. How do we know that Alice has those $10? Or are we taking the risk of her double spending it?
nbz's user avatar
  • 135
5 votes
2 answers
480 views

Does Ethereum support the features necessary to create the Lightning Network? [closed]

The Lightning Network of micropayment channels is a concept first conceived by Joseph Poon and Thaddeus Dryja. It requires a few features of bitcoin that are not available yet. OP_CHECKLOCKTIMEVERIFY ...
morsecoder's user avatar

1
2