Smart Channels unlock secure, flexible, and scalable off-chain transactions on Bitcoin Layer 2—empowering ARCC and redefining decentralized finance.
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Smart Channels™ introduce a novel framework for building more expressive financial applications on Bitcoin, an innovation pioneered by BlockSpaces.
By leveraging Hash Time-Locked Contracts (HTLCs), Smart Channels™ embeds a state machine into payment channel nodes to facilitate programmable smart contract-like applications, with trust-minimized financial coordination and settlement—without wrapped tokens, side-chain bridges or swapping—to decrease risk and attack vectors.
With an emphasis on security, flexibility, and scalability, Smart Channels™ offer a comprehensive framework for facilitating bespoke financial agreements to meet the demands of adopting modern financial ecosystems with digital assets.
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Smart Channels™ provide a secure, peer-to-peer private smart contract execution environment on top of Bitcoin.
Bitcoin’s base protocol has a simple scripting language and specific op-codes that enable limited functionality instead of a more generalized language that allows more expressive functions like smart contracts need.
Smart Channels™ offer a scalable, secure, and flexible alternative to typical on-chain smart contracts, minimizing on-chain congestion, while optimizing for high-volume activities.
Bitcoin has come a long way. However, in comparison the base layer capabilities to other systems, it lacks in key areas. Other smart contract platforms, such as Ethereum and Solana, have a dedicated state machine embedded into the base protocol to execute more expressive functions without intermediaries.
By building this capability on Bitcoin Layer 2 protocols, there are many advantages that are not possible to do with anything else in the market.
Smart Channels™ uses Hashed Time-Locked Contracts (HTLCs) in a 2-of-2 multisig payment channel so only both parties are privy to the transaction.
There is no permanent record of the contract on-chain unlike other smart contract platforms.
Built on top of Bitcoin’s unparalleled security as a network and stability as a protocol.
There is no upper bound to how many Smart Channels™ can be used.
Smart Channels™ settles collateral movements instantly at the speed of light, ensuring counterparties are always aware of their position, transparently.
Smart Channels™ adds a state machine to payment channels, unlocking new potential to programming new Bitcoin financial applications.
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