State channel

We are pleased to invite you our next series of UB Blockchain Meetup.

In this meetup, the main speaker Khaschuluu will give introduction to "State channel", and Live practice on Ethereum state channel.

State channels are basically two-way pathways opened between two users that want to communicate with each other in the form of transactions. Each participant in the channel signs these transactions with his private key to ensure that they are undeniably true and authorized.

These channels are off-chain and private, known only to its participants, which means they allow for instant and anonymous transactions within them. These channels also have a limited lifespan which is predetermined based on time or amount of transactions carried out. Participants can also close their channel by providing the last updated state of transactions to the blockchain. Once a channel closes, the transaction history within it can be uploaded into the blockchain in order for the final outcome to become official.

Khaschuluu Munkhbayar has been interested in computer programming since 2005 and has been studying blockchain technology since 2014 and has started his "Egereg" cryptocurrency on blockchain technology in May 2017.

This event is for developers only.

Free of charge!