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State Channels
State channels are a technology that scales peer-to-peer blockchain interactions, allowing for instant P2P Ethereum transactions. Nitro channels are a technology for ultra-low cost, near-zero-latency conditional transfer of cryptoassets on a layer 2 network. It allows for fast, direct, and private connections for streaming payments without per-payment fees, contrasting with the higher fees and latency of layer 1 blockchains.
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