Stefan Thomas & Evan Schwartz: Building The Internet of Payments With Interledger (Interview)

[NightJanitor]

 

[NightJanitor]

Technical Tutorial on Implementing STREAM (via ILP):

Evan Schwartz: STREAMing Money and Data Over ILP

STREAM is the new TCP for Interledger. It makes building Interledger applications easier by splitting payments into packets, sending them over ILP, and automatically reassembling them for you. STREAM, or the Streaming Transport for the Realtime Exchange of Assets and Messages, is designed to be used whenever you want to send streaming micropayments or larger discrete payments. This tutorial will show you how to:

• Establish a connection between a STREAM client and server
• Send streaming micropayments or a larger payment over the connection
• Send data over the connection (instead of over the internet ?)

[XRPHornets]

51 minutes ago, NightJanitor said:

Technical Tutorial on Implementing STREAM (via ILP):

Evan Schwartz: STREAMing Money and Data Over ILP

STREAM is the new TCP for Interledger. It makes building Interledger applications easier by splitting payments into packets, sending them over ILP, and automatically reassembling them for you. STREAM, or the Streaming Transport for the Realtime Exchange of Assets and Messages, is designed to be used whenever you want to send streaming micropayments or larger discrete payments. This tutorial will show you how to:

• Establish a connection between a STREAM client and server
• Send streaming micropayments or a larger payment over the connection
• Send data over the connection (instead of over the internet ?)

I feel this is going to be huge.

Many people talk about micropayments as in 2 bucks for a coffee. What they dont realise that the end game for this is streaming money like we stream video, audio etc. So micropayments are thousandths of a cent.

Which raises a previous discussion that XRP drops may need to subdivide further than they already are if XRP was to ever reach hundreds or thousands of dollars.