The Flash Channel demo showcased the instant nature of IOTA’s Flash Channel and also the flexible, decentralised future we are building at IOTA. This application was utilised WebRTC to mimic the type of direct, often isolated connections we expect IoT devices to use. It also provided an interactive view of how a Flash Channel would operate, allowing users to send, receive, approve and deny transactions in real time.

The demo application was well received by the community with over 3,000 participants and just under 1,000 channels opened. Each channel transferred an average of 629 IOTA in total with an average USD value of .00012 cent per transaction. The total fees paid during the life of the trial was 0 IOTA, or $0.00 USD. The demo also featured a messaging channel in which users exchanged an average of 5 messages per channel.

You can see the source code for the demo here: Source Code

Micro-payments Proof of Concept