Tag: Feeless

IOTA Team Announces Flash Channels for Instant and Feeless Transactions

Existing cryptocurrency protocols will need to evolve in a significant way. More specifically, to the average consumer, it makes no sense to pay a fee to move bitcoins or altcoins between accounts. Coming up with lower-fee or even feeless solutions will not be easy, though. The Lightning Network is one possible way, but there is also a concept known as Flash Channels. The latter option is a development introduced recently by the developers …
[Read More]