Ethereum: Single-hop Payment vs Multi-hop payments

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Ethereum: One volume payment compared to multiple HOP payments

As a beginner who learns about the lightning network, one of the most frequently asked questions is “What is one hop and multiple HOP payments to Ethereum?” In this article, we will go into the differences between these two types of payment to help you understand how they work.

One exchange payments

One volume payment is the type of transaction on the Ethereum network where the sender proposes the transfer of value from his wallet to another user. The recipient receives the funds directly without making other networks or relays.

This is an example: Alice wants to send Bob 10 ether (ETH) and she can use a lightning network to do so without making many knots.

Multi-HOP payments

On the other hand,
Multiple HOP payment

is the type of transaction in which several transactions must be made sequentially. The sender proposes two transactions: one that moves the value from their wallet to another user (first hop), and the other, which recalcates the value using multiple network nodes (the second hop).

Here is an example: Alice sends 10 ether to Bob, but she also wants to send 5 more Eth to Charlie. To get these funds from Bob to Charlie, she will have to follow two separate transactions: one from the Bob to the relay node (HOP 1) and the other from the relay node to Charlie (Hop 2).

Main differences

So what are the main differences between one exchange and multiple HOP payments to the Ethereum network?

* Efficiency : One exchange payments are usually faster and more efficient because they do not require multiple transactions to make them sequentially. Multiple payments can be slower due to additional transactions and latency.

* Relay nodes : Only one relay knot is involved in a single payment transaction. In multiple HOP payments, each hop requires its own relay node, which increases the number of nodes needed for the transaction.

* Transaction Fee : Multi-HOP payments often have a higher transaction fee associated with the necessary additional nodes.

Conclusion

In conclusion, the difference between one exchange and multiple HOP payments on the Ethereum network is essential for creating a robust and efficient decentralized application (DAPP) using a lightning network. While one exchange payments offer faster execution times and lower relay node costs, multiple HOP payments provide greater security and reliability thanks to the additional protective layer provided by multiple relay nodes.

I hope this article will help you understand the basics of one exchange and multiple HOP payments on the Ethereum network!