HomeBlockchainAeternity and SatoshiPay: improved scalability and faster transactions

Aeternity and SatoshiPay: improved scalability and faster transactions

Aeternity has purchased a stake in SatoshiPay in order to integrate the micropayment service into its blockchain platform to improve scalability and have faster transactions.

SatoshiPay wants to develop a high-speed blockchain micropayment system capable of handling 2,000 transactions per second, TPS, in order to satisfy a growing number of customers.

aeternity satoshipay scalability transactions

For example, one of the possible customers, Axel Springer SE, a major digital content distributor with brands such as Business Insider, Bild and Die Welt, has announced its interest in the platform precisely to enable micropayments for content.

In this case, the high number of transactions provided by Aeternity and the scalability of the blockchain would be great, also because they would allow to achieve faster transactions and virtually without costs.

In addition, it can offer various solutions related to smart contracts and the creation of so-called state channels in which transactions are free of commissions.

Yanislav Malahov, founder of Aeternity:

“Acquiring a stake in SatoshiPay enables æternity to integrate a nanopayment solution with prime partners into our thriving blockchain ecosystem, where applications are built on the foundation of blockchain and smart contracts. Open source developers will be able to integrate nanopayment functionality via SatoshiPay for any types of digital content, data or services”.

Aeternity is developing 20 projects through its Starfleet incubator, which in turn claims to work as a decentralised incubator. SatoshiPay will collaborate by managing some Aeternity nodes.

Fabio Lugano
Fabio Lugano
Graduated with honors from Bocconi University, Fabio is a consultant for companies and wounded shareholders of the Banche Venete. He is also the author of "Scenari Economici", and lecturer and analyst of cryptocurrencies since 2016.