Headline
- Lightning network for NEO
Advantages
- Founders are ex NEO/Onchain
- Low cap of $20m
- Strong infrastructure project
- Solving an important scalability problem
- NEO app ecosystem will be fully supported with Trinity scaling
What is it?
- Trinity state channel is an off chain scaling scheme for NEO
- Applicable to NEP-5 tokens and NEO utxo assets
- It is a NEO-version of lightning network
What problem does it solve?
- Speed on the blockchain: Complicated processing data will be processed off-chain. Only the final transaction balance will be settled on NEO main net. This will drastically speed up transactions
- Cost on blockchain: Applications running on the blockchain with processing intensive requirements (Crypto Kitties) currently incur high costs. Trinity will process these intensive calculations off of the blockchain and reduce the cost of transaction fees.
Benefits
- Instant payments
- Low transaction fees
- Scalable infrastructure
- Privacy protection
Core technology
- State channels are used as exclusive trade channels to participants and over time, one to one and many to many state channels will be developed on Trinity
- Trinity will enable transfers on NEO blockchain to settle instantly
- Trinity will enable robust transaction record storage
Valuation
- Current valuation (December 2017): $20m
- Potential valuation: (December 2018): $500m - $1bn
Summary
- Trinity is a high quality infrastructure project
- Trinity is valued at ~$20m circulating market cap. This is a $500m-$1bn potential infrastructure project by December 2018.
Telegram
Nice one dude. Looks like this one will be massive.
Can't wait to see what Morpheus does! Interchain Oracle of the NEO network?!