...by Daniel Szego
"Simplicity is the ultimate sophistication."
Leonardo da Vinci

Friday, November 23, 2018

The raise of non custodian payment networks

As the world speaks about the blockchain and distributed ledger technologies a brand new field is being appeared that solves value transfer with a P2P network but either totally without a global ledger or involves a global ledger only as a part of the algorithm. Some of these technologies are called as Layer 2 solutions, but probably better to name them as non custodian payment and state networks and include the following platforms: 
- Lightning network
- Raiden
- microRaiden
- Liquidity network 
- Interledger Protocol
- Hyperledger Quilt
- Actually the R3 Corda platform has some similar possibilities as well