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the team of 21 Inc. announced the launch of a new software that allows micro high frequency between two 21 Bitcoin Computers. in addition, the company stated that this service will be available soon for any device through a free client.
This new system is an implementation of micro channels Bitcoin with technical improvements to facilitate their employment. The micro-channels are a technology that allows transactions of minimum sums between two devices, delaying registration in blockchain therefore are broadcast only the first and last of these operations.
in the blog entry in which the team made its announcement, this system compared to an account at a bar. In that case, a customer can open an account and enjoy their food and drink and then close it to finish and pay for all your orders in one operation. In the same way micropayments with Bitcoin, technology that has been developed and implemented by various companies.
This technology has been proposed by Lightning projects such as the network as a possible solution to the problems of scalability Bitcoin, as it would allow grouping a more transactions in one and then register it in the blockchain without saturating the capacity of the blocks. Also offers numerous benefits to users.
Among the benefits listed by 21 Inc is the ability to perform multiple transactions minimums and bill such operations without need for prior trust between the parties involved and without requiring any registration process. In short, the advantage of this technology is basically in reducing transaction costs, as well as security and the number of possible transactions is increased.
in addition, there are limitations regarding the operation of this technology to be observed and resolved. The first thing to consider is the need to reduce costs to open a micro channel, so that it is convenient for users. Moreover, it is estimated that in the future the use of these channels become increasingly frequent, so probably a long-term solution to the scalability of this technology would be required.
However, the system proposed by the company emphasizes and develops in a more extensive way certain features for the benefit of users. For example, this system can be integrated in a simple manner; It facilitates the opening of micro-channels; eradicates vulnerability to problems related to the malleability of transactions; and it can be integrated into any type of device.
people who have a 21 Bitcoin Computer can start using this service following the instructions in the next tutorial and setting its first application: a computer that accepts Bitcoin micropayments. Besides, users of other devices are able to sign up to be notified of the launch of the free client: 21.co/free.
the launch of this software represents a big step for both the development of the technology of micro-channels to expand the potential of 21 Bitcoin Computer and services offered by the company. So, despite the limitations, it is estimated that this initiative will be of benefit to the ecosystem Bitcoin in general.
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