Interledger.js Ledger Plugin for Bitcoin using CLTV Payment Channels
This plugin enables Interledger payments through Bitcoin using simple payment channels.
ilp-plugin-bitcoin-paychan
implements the Interledger.js Ledger Plugin Interface, which allows Bitcoin to be used with ilp
client and the ilp-connector
.
Dependencies:
- Node.js >=v7.10.0
- Bitcoin Cored Node
Setup:
git clone https://github.com/interledgerjs/ilp-plugin-bitcoin-paychan.git
cd ilp-plugin-bitcoin-paychan
npm install
ilp-plugin-bitcoin-paychan
uses simple unidirectional Bitcoin payment channels implemented with CHECKLOCKTIMEVERIFY (CLTV). 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, this allows Bitcoin to be used by standard Interledger.js components.
For more information about how Interledger works, see IL-RFC 1: Interledger Architecture.