State Channels

GPTKB entity

Statements (17)
Predicate Object
gptkbp:instance_of gptkb:blockchain_technology
gptkbp:can_be_used_in gaming applications
payment channels
gptkbp:enables instant transactions
https://www.w3.org/2000/01/rdf-schema#label State Channels
gptkbp:improves scalability
gptkbp:is_a_solution_for high throughput
gptkbp:is_beneficial_for gptkb:microtransactions
gptkbp:is_designed_to allow multiple transactions without on-chain confirmation
gptkbp:is_implemented_in gptkb:Ethereum
gptkbp:is_part_of decentralized finance (De Fi)
gptkbp:is_related_to gptkb:Layer_2_solutions
gptkbp:reduces transaction costs
gptkbp:requires smart contracts
gptkbp:used_for off-chain transactions
gptkbp:bfsParent gptkb:Ethereum
gptkbp:bfsLayer 4