MIT ‘Spider’ Routing Scheme Could Speed Up Cryptocurrency Transactions

Cointelegraph

Published Feb 03, 2020 08:42AM ET

Updated Feb 03, 2020 10:22AM ET

MIT ‘Spider’ Routing Scheme Could Speed Up Cryptocurrency Transactions

Researchers at the Massachusetts Institute of Technology have created a new cryptocurrency-routing scheme to speed up blockchain-based transactions.

In an announcement on Jan. 30, MIT claimed that the new solution called “payment channel networks” (PCN) is able to notably reduce blockchain-based transaction times and even boost profits.

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