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BIOKRIPT’S STATE CHANNEL TECHNOLOGY
Using the state channels we’ll lower the cost of using the blockchain network while at the same time improving the blockchain throughput by reducing the computational power placed on nodes when processing and storing transactions.
The state channel protocol creates an index of assets on any blockchain without involving blockchains in trade operations. It is nearly instantaneous, enabling high-speed communication off-chain while keeping open thousands of positions to buy and sell any digital asset. This way transactions are much cheaper, faster, and more private.
Blockchains that are supported by Biokript are Ethereum, Polygon, and Binance Smart Chain.