Anonymous Multi-Hop Locks for Blockchain Scalability and Interoperability

Created on 2022-05-24T12:36:28-05:00

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Internal ledger: bookkeeping which happens off the chain.

Payment Channel: when parties stake funds in an escrow, then operate on an internal ledger for a period of time, before withdrawing their funds by agreeing to send the escrows funds back to themselves in whatever ratio the final ledger tally calls for.

Payment Channel Network: ways to coordinate payment channels within payment channels; or, "Bitcoin pretending to be Ripple."