Ethereum Scaling Advances With 'First' Off-Blockchain Payments
A team of ethereum developers has successfully completed what they say is the first off-blockchain transaction on the decentralized application network. Sent from Copenhagen, Denmark, to Mumbai, India, the test saw the developers behind micropayments project Raiden send ether via clients operated by members in those cities last week. While small in scale, ethereum developers more broadly see the proof-of-concept as a key technical step toward solving one of the pressing issues facing not only the network, but all public blockchains. Ethereum and bitcoin, for example, currently each support....
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