I wondered if anyone knows more about state channel and off chain storage. We all know that one problem of Bitcoin is scalability.
Off chain storage could be one answer but I don t really understand how that could work.
Has anyone any ideas?
second layer technology (Lightning Network) is not for bitcoin only. it takes transactions away from the main blockchain. so any altcoin so build it’s own second layer.
It is not the solution to all scalability problems, but also the problem of fees for small transactions. The essential advantage lies in its use for frequent purchases from a trusted party such as buying coffee, but this does not mean that all transactions will be made through it.
watch this video for new features
https://www.youtube.com/watch?v=W34RdzFwz8MThe Bitcoin Lightning Network Explained
https://www.youtube.com/watch?v=Z7Q0AwbKZX8Misconceptions about Lightning Network
https://www.youtube.com/watch?v=c4TjfaLgzj4