search

bitshares / bitshares-core

BitShares Blockchain node and command-line wallet
https://bitshares.github.io/
Other
1.17k stars 649 forks source link

Support ed25519-sha-256 algorithm to enable cross chain trustless swap between BitShares and ILP #2018

Open ioBanker opened 5 years ago

ioBanker commented 5 years ago

Today banks are deploying solutions for Cross-Currency Settlement and FX Market Making.

When those solutions are ILP-enabled, banks won’t have to change much – market makers will still hold accounts at their banks and they’ll establish relationships with the other banks and market makers with whom they want to transact. ILP enables transactions across any number of different ledgers and exchanges using cryptographic escrow and a specialized two-phase commit protocol.

BitShares is aiming to become the best bridge of assets for market makers providing cross-currency liquidity as a software to individuals and corporate, supporting the ed25519-sha-256 pre-image hashing algorithm would enable BitShares to become compatible with the financial system transmission and future.

Interledger crypto-conditions implemented in C, including simple JSON api JS code for creating the Condition & Fulfillment on interledger

pmconrad commented 5 years ago

According to this, ILP implements swaps using payment channels not with HTLC. Also, although I like curve 25519, why the f*ck do they use something esoteric like that? It will be a PITA to integrate.

ioBanker commented 5 years ago

Please move/merge this with: https://github.com/bitshares/bsips/issues/236