Definition ∞ Decentralized micropayments are small-value financial transactions conducted directly between parties without the need for intermediaries, leveraging blockchain technology. These payments are typically low-cost and high-frequency, suitable for services requiring fractional remuneration. They are processed on decentralized networks, ensuring censorship resistance and enhanced privacy. This system facilitates new economic models for content consumption and digital services.
Context ∞ The concept of decentralized micropayments is gaining traction in news about blockchain scalability solutions and new applications for digital currencies. Technologies like the Lightning Network for Bitcoin or various layer-2 solutions aim to make these efficient, small-value transactions feasible. Their widespread adoption could significantly alter how digital content is monetized and how online services are accessed.
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