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State channels amortize the cost of transactions based on the number of off-chain transactions completed off-chain. Thus, in typical high-frequency workflows, the cost of transactions will be several orders of magnitude lower than running the transactions on Ethereum directly.
Our prime objective is to build a mobile first network for Ethereum ERC20 tokens thatтАЩs off chain. It is a fast, cheap and low latency infrastructure.
A major concern with blockchain technology centers on high cost of transactions. GoNetworks solution solves this problem by allowing off-chain transactions.