Links

Advantages

  1. 1.
    Improved privacy: Statechains have improved privacy compared to pre-signed transactions since the platform signs every transaction change request without discrimination. This interaction between entities and the platform can be made more private with Blind Schnorr signatures.
  2. 2.
    Support for altcoins: Statechain coordinators can offer support for altcoins, enabling easy exchange of altcoins, stablecoins and Bitcoin within the platform.
  3. 3.
    Security and Partner Ecosystem of Bitcoin-L1: Statechains is an architectural expansion of Bitcoin-L1 and offers the security guarantees of Bitcoin-L1.
  4. 4.
    No fees: There are no fees associated with the transfer of utxos within a statechain since there are no Bitcoin-L1 transactions made.
  5. 5.
    Fast transactions: Transactions are almost instant on the statechain since there is no blockchain wait period.