Payment Channel
An off-chain channel that lets participants exchange many signed payments and settle only the final state on-chain.Definition
An off-chain channel that lets participants exchange many signed payments and settle only the final state on-chain.Why it matters
Scaling concepts explain how blockchain systems increase capacity while balancing security and decentralization.Related knowledge
- Data Availability — term
- Layer 2 — term
- Rollup — term
- Throughput — term
Canonical knowledge ID:
glossary:payment-channel