- 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.Support for altcoins: Statechain coordinators can offer support for altcoins, enabling easy exchange of altcoins, stablecoins and Bitcoin within the platform.
- 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.No fees: There are no fees associated with the transfer of utxos within a statechain since there are no Bitcoin-L1 transactions made.
- 5.Fast transactions: Transactions are almost instant on the statechain since there is no blockchain wait period.