For the time being, this payment channel technology allows for unidirectional payment channels. Counterparty and Storj users can stream SJCX payments – or other assets – to other users.The Counterparty team has laid out a plan to enable bidirectional micropayments for its assets quite some time ago, and this new payment technology will help them achieve that goal. What is even more exciting is how these payments are not subject to the 10-minute block time on the Bitcoin network, despite all transactions being settled on the Bitcoin blockchain.
http://www.livebitcoinnews.com/counterparty-and-storj-unveil-payment-channel-technology/
