Counterparty, a platform building an Ethereum Virtual Machine pier for a Bitcoin blockchain, has total army with Storj, a decentralized cloud storage blockchain startup, to rise remuneration channel record for use on a Counterparty network. Storj has grown a initial explanation of judgment to implement such record with Counterparty tokens.
Payment channel record powers a arriving Lightning Network and is meant to capacitate low-cost, roughly immediate Bitcoin micropayments. In a tide state, a record will promote unidirectional remuneration channels, where Storj and other Counterparty users can tide payments in SJCX or other resources to any other.
“Payment channels concede for instant, ‘streaming’ payments of SJCX, that is a Counterparty token, in sell for storage space on a network.” explained Shawn Wilkinson, CEO of Storj.
This growth is a essential initial step in Counterparty’s long-time staid idea of enabling bidirectional micropayments for Counterparty resources in lapse for Bitcoin or other Counterparty assets. Such payments, while eventually staid on a Bitcoin blockchain, will not be theme to Bitcoin’s 10 notation retard time while being transacted. Storj skeleton to beta exam this record during