Published On: Fri, Jun 16th, 2017

The Moonbeam Scaling Network: A “Semi-Decentralized” Scaling Solution

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Bitcoin exchange and hosted wallet provider Luno (formerly BitX) is developing a Bitcoin scaling solution called Moonbeam. Unlike the lightning network, Moonbeam does not require SegWit’s transaction malleability fix and would be able to operate on the Bitcoin network as it is today.Moonbeam  aims to provide a way for multi-user Bitcoin platforms — such as exchanges, hosted wallets, and payment processors — to easily open standardized one-way payment channels with each other, and thereby offload the Bitcoin network from a growing number of transactions.How Does it Work?Moonbeam aims to take advantage of the fact …

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