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# 182th
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Payment channels are a technology for building scalable, decentralized applications. We all know that block block transactions require time to extract blocks and money due to gas costs (charge for using the computing resources of the entire network to process your transactions). Payment channels allow you to move many of your offchain transactions, where they take place immediately and do not cost gas.
Our belief is that payment channels are the key to accepting crypticality in the near future, and the adult industry is a perfect test ground for creating parallel economies that overcome the inefficiency of older banking institutions.
Our belief is that payment channels are the key to accepting crypticality in the near future, and the adult industry is a perfect test ground for creating parallel economies that overcome the inefficiency of older banking institutions.
Their goal is to disrupt the industry for adult customers by charging only a 5% fee instead of 50% of the industry standard and becoming the dominant payment platform for the adult industry. Their technology allows us to remove third-party intermediaries, middle men and unfair payment processes using intelligent contracts and our advanced payment processing hubs. This, in turn, enables more powerful artists to control and yield.
Market capitalsation | > 20 M$ |
Language | english |
Market Price | |
Monitored since | 1996 days |
Accepted countries | All |
They use SpankChain (SPANK) |