Post
Topic
Board Announcements (Altcoins)
Re: ANN [STK] STK Global Payments - A New Cryptocurrency for Instant Payments
by
irukandji
on 05/10/2017, 21:47:48 UTC
Hello!

Thanks for your question! The payment channel solves that problem. Payment channels don't need to be mined -- as soon as the signature is there, the commitment has been made (that's the "promise"). The settlement/mining happens at opening and closing the channel.

Hope that helps!
 

Somewhat.

So...the payment channel is centralised and relies on a Trusted Third Party?