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Have developers come close to reaching a consensus on either:

  1. The definition of micro payments?
  2. Whether micro-payments ideally belong on the main chain or side chains?
Jamal Wilson
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2 Answers2

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I do not think there is anything to reach consensus on.

  1. very small payments (in relation to the transaction fees)
  2. they belong to neither (some developers will create a micro-payment solution on the main chain and other on side chains); both are viable and it depends on the application
karask
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  • Specifically one example of such a micro-payment solution would be the Lightning Network (which is not a side chain). – Jannes May 26 '16 at 15:15
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According to my research best platform for micropayments should be Digital Cash - Dash cryptocurrency.

They already have many times more onchain scaling and are on road to 2mb blocks in upcoming version.

They are preparing for many features and one of them is turing-complete network governance.

To sumarize this answer, dash is best for it because the high limits for onchain transactions tends to low fees. Other good points are fast confirmation or instant if you want. Very good privacy - sybil proof - while being optional.

Comodore
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