/biz/ - Business & Finance

>>28832277
Payment Channels are an advanced feature for sending "asynchronous" XRP payments that can be divided into very small increments and settled later

The XRP for a payment channel is set aside for a given time period. The sender creates Claims against the channel, which the recipient verifies without sending an XRP Ledger transaction or waiting for a new ledger version to be approved by consensus.

Because Claims can be verified individually but settled in bulk later, payment channels make it possible to conduct transactions at a rate only limited by the participants' ability to create and verify the digital signatures of those Claims. This limit is primarily based the speed of the participants' hardware and the complexity of the signature algorithms.