A Layer 2 scaling technique where two parties open a channel, transact off-chain as many times as they want, and only settle the final result on-chain.
A Layer 2 scaling technique where two parties open a channel, transact off-chain as many times as they want, and only settle the final result on-chain. Bitcoin's Lightning Network is the most famous state channel implementation. They're incredibly fast and cheap but only work well for transactions between known parties.
A secondary network built on top of a Layer 1 to improve scalability.
A blockchain's ability to handle increasing transaction volume without degrading performance or raising fees.
Transactions or data stored outside the main blockchain.
Application Binary Interface.
A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.
The Ethereum standard for account abstraction without changing the core protocol.
Get daily crypto analysis delivered to your inbox. No spam, unsubscribe anytime.