State Channels for Dummies: Part 3

Multi-Hop Transactions / Hub-and-Spoke Channels

Eric Olszewski
Aug 9, 2018 · 7 min read
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A Mystic Rose — Beautiful, right?

Routed Payment Channels

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A little messy, but certainly more cost-effective!
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A valid route — the minimum channel size is 4 ETH, which is greater than our needed 3 ETH
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An invalid route — the route cannot support any transfer greater than 2 ETH

Hashlocks

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Newman…

Hub-and-Spoke Payment Channels

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The lightning network as of 8/9/18 — image from https://lnmainnet.gaben.win/

Part 4: Virtual Channels

Further Reading

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I just put this at the bottom of the article so I could use it as the article image.

BlockChannel

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Eric Olszewski

Written by

Always Learning.

BlockChannel

BlockChannel is a new media & educational hub focused on the socio-cultural/economic issues related to blockchain technologies like BTC/ETH/& HNS. Visit BlockChannel.com for more resources; and SoundCloud.com/BlockChannelShow for our official podcast.

Eric Olszewski

Written by

Always Learning.

BlockChannel

BlockChannel is a new media & educational hub focused on the socio-cultural/economic issues related to blockchain technologies like BTC/ETH/& HNS. Visit BlockChannel.com for more resources; and SoundCloud.com/BlockChannelShow for our official podcast.

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