Picard78 Posted September 12, 2019 Share Posted September 12, 2019 (edited) Hello, I just watched this ILP Overview on Youtube : https://www.youtube.com/watch?v=UdCxrqP6w3I In this video it states that in order for a Ledger to participate with ILP it must have Escrow functionality. It's my understanding that BTC does not have Escrow functionality in its protocol. Quote Thus, bitcoins cannot be escrowed in the traditional manner. The buyer can sign a transaction that pays the seller, but this cannot be kept in escrow. How is it then possible that BTC is supported on the ILP? Thanks Edited September 12, 2019 by Picard78 Hodor and jlr 1 1 Link to comment Share on other sites More sharing options...
EasterBunny Posted September 12, 2019 Share Posted September 12, 2019 The escrow Requirement was removed from ILP earlier in the year. https://link.medium.com/cUoSMLpWVZ Picard78 and Hodor 1 1 Link to comment Share on other sites More sharing options...
Picard78 Posted September 13, 2019 Author Share Posted September 13, 2019 Thanks EasterBunny Link to comment Share on other sites More sharing options...
yxxyun Posted September 14, 2019 Share Posted September 14, 2019 ilp support BTC by using lightning network. Picard78 1 Link to comment Share on other sites More sharing options...
Picard78 Posted September 14, 2019 Author Share Posted September 14, 2019 Quote To avoid inefficiencies caused by creation and upkeep of an on-ledger escrow, payment channels on Interledger may operate on credit lines where participants elect the risk that they are willing to take with their peers. So instead of forcing on-ledger escrow as a prerequisite in ILP, the Connector will take on the risk by providing the Sender Credit to move the transaction along? Link to comment Share on other sites More sharing options...
yxxyun Posted September 14, 2019 Share Posted September 14, 2019 https://github.com/Kava-Labs/ilp-sdk/blob/master/README.md this description is very clear. Picard78 1 Link to comment Share on other sites More sharing options...
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