Generalized Channels for PoW blockchains
Sebastian Faust
In this talk, we will present the concept of generalized channels for PoW-based blockchains. Generalized channels allow to lift any functionality available on layer-1 to a second layer, where transactions can be carried instantaneously and at low costs. This greatly extends the functionality offered by current channel systems such as the Lightning network. We will present applications of our technique including a method for cross-chain transactions and integrating the Lightning network into other ecosystems.
Proof of Scale (Bitcoin L2s and Sidechains)
Community Ampitheatre
