State Channel

Off-chain private channel that allows multiple quick and cheap transactions before recording the result on the blockchain.

What is it? - Dummies

It's like a secret channel where you do a lot of operations without spending money, and only in the end you count the result.

What is it? - PRO

A state channel is a layer 2 scalability solution that allows two or more participants to carry out off-chain transactions, only recording the final state on the blockchain, reducing costs and time.

Key points

It reduces congestion and fees.

Ideal for micropayments and gaming.

It requires trust between participants.

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Sales and disadvantages

Advantages:

Instant and affordable transactions.
Increased privacy.

Disadvantages:

It is not suitable for mass public use.
Risk if one party doesn't cooperate.

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