Cryptography Startup Brings Private Payment Channels to Tezos Blockchain
www.coindesk.com
A current problem with Lightning – a payment solution built on top of the Bitcoin blockchain – is that in certain settings, you can see other people’s de facto bank accounts, called funding channels. Akinyele said the team built on top of Tezos to act as a testing ground of sorts for other blockchains.
The use of a payment channel on a blockchain that barely breaks $100 in average daily fees – compared to the hundreds of thousands of dollars processed by Bitcoin and Ethereum daily – seems questionable. Akinyele said Bolt Labs built zkChannels on Tezos over other candidates due to the blockchain’s malleable governance.
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