Solana has announced a breakthrough in payment channel technology, achieving a throughput of 1 million payments per second through single authorization, off-chain accounting, and on-chain settlement, targeting high-frequency micro-payments.
Techub News: Solana has formally rolled out updates to its payment channel technology. With single authorization, off-chain metering, and on-chain one-time settlement, the network can handle as many as 1 million payments per second. Simple idea. Big throughput. The tech is built to improve the network’s capacity for high-frequency micro-payments.
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