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Picard78

Bitcoin supported on ILP?

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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.

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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 by Picard78

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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?

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