Please describe how the transaction process will look a like ?
Quickx transaction process is described with the following example involving two
users, Alice and Bob:
1. Alice and bob decides to open a pooling channel where they both put 2 BTC
each in the common pool.
2. This channel gets subscribed on blockchain containing 4 BTC and since at
this moment, every exchange between Alice and Bob is Off-chain.
3. So now Alice wants to transfer 1 BTC from common pool to Bob, so she do a
commitment transaction from the common fund which she has to sign it.
4. Then Bob wants to do the same, and wants to send 1.5 BTC from the pool to
Alice, so he proceeds with similar process.
5. Now, Alice wants to send bob 2 BTC, so she follows the same process and do
the commitment transaction.
6. So when the channel will be closed, Alice and bob will have 0.5 BTC and 3.5
BTC respectively as balance.
More about it please see in our WP :
https://www.quickx.io/whitepaper/QuickXProtocolv1.7.pdf
