This presentation from the Boston Interledger Meetup goes into the technical details of the Interledger architecture. It describes how ILP integrates with different ledgers and Layer 2 networks, how ILPv4 works, and what the Transport and Application Layer protocols built on top of ILP look like.
17. 1. PREPARE
2. EXECUTE
Two-Phase Execution Secures Multi-Hop Transfers
REFERENCES
J. Poon and T. Drya, The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments, 2015
S. Thomas and E. Schwartz, A Protocol for Interledger Payments, 2015
55. Questions Answered to Arrive At ILPv4
● Crypto Conditions or SHA-256?
● Are conditions a ledger or Interledger concern?
● Address separator: dots, dashes, colons, >’s?
● Should packet include source address, options, QoS?
● Should packet include destination amount?
● Do we need a separate quoting protocol (ILQP?)
...and many more
76. Application Layer Features
● Connection setup (TLS over ILP?)
● Requests for payment?
● Pull payments (using tokens)?
● Signed receipts?
● HTTP over ILP?
(Get involved in this development!)
77. BlockchainBanks Mobile Money Online Wallets
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