https://github.com/interledger-deprecated/ilp-plugin-bitcoin-paychan

ILP ledger plugin for simple unidirectional Bitcoin payment channels
https://github.com/interledger-deprecated/ilp-plugin-bitcoin-paychan

bitcoin blockchain cltv interledger ledger-plugin payment-channel

Last synced: 3 months ago
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ILP ledger plugin for simple unidirectional Bitcoin payment channels

• Host: GitHub
• URL: https://github.com/interledger-deprecated/ilp-plugin-bitcoin-paychan
• Owner: interledger-deprecated
• Created: 2017-05-25T15:29:21.000Z (over 7 years ago)
• Default Branch: master
• Last Pushed: 2018-02-20T21:46:43.000Z (over 6 years ago)
• Last Synced: 2024-04-14T10:59:10.330Z (7 months ago)
• Topics: bitcoin, blockchain, cltv, interledger, ledger-plugin, payment-channel
• Language: JavaScript
• Size: 290 KB
• Stars: 22
• Watchers: 8
• Forks: 9
• Open Issues: 0
• Metadata Files:
  • Readme: README.md

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README

        
# ilp-plugin-bitcoin-paychan

> Interledger.js Ledger Plugin for Bitcoin using CLTV Payment Channels



This plugin enables [Interledger](https://interledger.org) payments through [Bitcoin](https://bitcoin.org) using simple payment channels.

`ilp-plugin-bitcoin-paychan` implements the [Interledger.js Ledger Plugin Interface](https://github.com/interledger/rfcs/blob/master/0024-ledger-plugin-interface-2/0024-ledger-plugin-interface-2.md), which allows Bitcoin to be used with [`ilp` client](https://github.com/interledgerjs/ilp) and the [`ilp-connector`](https://github.com/interledgerjs/ilp-connector).

## Installation

**Dependencies:**

- Node.js >=v7.10.0

- Bitcoin Cored Node

**Setup:**

```sh

git clone https://github.com/interledgerjs/ilp-plugin-bitcoin-paychan.git

cd ilp-plugin-bitcoin-paychan

npm install

```

## How It Works

`ilp-plugin-bitcoin-paychan` uses simple unidirectional Bitcoin payment channels implemented with [CHECKLOCKTIMEVERIFY (CLTV)](https://github.com/bitcoin/bips/blob/master/bip-0065.mediawiki). While the underlying channel is not conditional (i.e. does not use hashlocks), the plugin only sends updates to the channel when it receives the fulfillment from the other party. This means that payments that there is some risk for payments that are in flight. However, the Interledger Protocol isolates participants from risk from indirect peers.

By implementing all of the functions required by the [Ledger Plugin Interface](https://github.com/interledger/rfcs/blob/master/0004-ledger-plugin-interface/0004-ledger-plugin-interface.md), this allows Bitcoin to be used by standard Interledger.js components.

For more information about how Interledger works, see [IL-RFC 1: Interledger Architecture](https://github.com/interledger/rfcs/blob/master/0001-interledger-architecture/0001-interledger-architecture.md).