$WiMi Hologram Cloud (WIMI.US)$ By building an additional pr...

By building an additional protocol layer on top of the main chain, the layer-2 network aims to increase transaction speed and reduce costs without sacrificing the security of the main chain.

The payment channel technology, as an implementation of the layer-2 network, allows users to conduct transactions off-chain and interact with the main chain only at the beginning and end of a transaction, effectively reducing the number of on-chain transactions and providing a viable solution for high-frequency transactions.

The efficient operation of a payment channel requires a mechanism to ensure the liquidity and continuity of transactions between the two parties to the channel, and this is where the rebalancing model comes in.

The rebalancing model ensures that the payment channel can operate stably under various transaction scenarios.

As the global focus on financial inclusion and environmental sustainability increases, the model is expected to contribute to the realization of these social goals while providing efficient payment solutions.