The Perun Network is a framework that supports off-chain protocols for simple payments and generic smart contract off-chain execution.
Perun can be used, e.g., when two parties, that do not have any trust relationship between each other, want to perform an electronic transaction.
Perun uses lightweight cryptography and can be used on almost any platform, as an example for machine-to-machine communication.
Perun reduces costs for executing smart contracts and payments by cutting off the middleman.
The main novelty of Perun is a new method for connecting ledger channels that is alternative to “payment routing” used in existing payment channel networks.
By using Perun, the Hub is involved in the communication between the Seller and the Buyer in a much more limited way.
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