Interstellar, a company recently formed by Lightyear Corp, has launched a demo of Starlight, an implementation of bidirectional payment channels on Stellar (XLM) that functions similar to Bitcoin’s Lightning Network.
According to the announcement, the Starlight channels will allow Stellar users to privately send zero-fee transactions instantly.
Unlike traditional transactions on the Stellar network, which involves publicly publishing details of the payment and waiting for consensus to confirm the transfer of funds, Starlight works by locking funds in a secure channel where payments do not require the network and only settlement balances are revealed at the conclusion.
The demo released by Interstellar includes bi-directional channels, and only allows for the transaction of Lumens, a native asset to the Steller blockchain.
The Interstellar team notes that it plans to expand this payment platform beyond XLM, extending compatibility to other payment-channel networks including Lightning and Interledger.
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