Realizing Offline Peer-2-Peer Micro-Payments via Collateralized Channels

Perun Network Mar 15 ยท 2 min read Payment channels enable fast local micro-payments on top of a comparatively slow global transaction backend. However, opening a payment channel typically requires that clients are connected to a global transaction backend. Therefore, payment channels cannot be established when clients are offline, e.g., when going through a rural … Read more