Category Archives: Flash Channels

SatoshiPay IOTA Flash Channels – Demo

satoshipay

Satoshi Pay have revealed stage two of their collaboration with IOTA, with the public release of the proof-of-concept demo site. Flash Channels Flash channels provide a way to transact for free in high frequency without computing PoW constantly. This reduces the transaction overhead to a negligible level by creating transactions off network. The resulting channels free […]

IOTA Introduces Flash Channels – Instant Feeless MicroPayments Off-Tangle

Iota Flash Channels

Flash is a bi-directional off-Tangle payment channel to enable instantaneous, high-throughput transactions. In essence, they provide a way for parties to transact at high frequency without waiting for each transaction to confirm on the public IOTA network. Read the full report on the IOTA Blog You can test the demo here. You must have WebGL enabled […]