Questions tagged [micropaymentchannels]

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7 votes
1 answer

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
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4 votes
2 answers

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

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

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