An Easy Introduction to Interledger

[Professor Hantzen]

Just had the honour of having my first contribution included in the Interledger RFC's. 

You can check it out here:  Interledger: Explain Like I'm Five

It's an easy introduction to ILP in the spirit of reddit's "ELI5" tradition. It's a short read (maybe 10-15 minutes), going over the basic conceptual components of Interledger and gently touching on some of the underlying cryptography.  Any feedback is most welcome!

(Planning to update it with diagrams soon.)

[Warbler]

@Professor Hantzen thinking to visit Berlin on 1st-2nd of June to attend the interledger workshop.

Do you know Where can I find an agenda for the workshop?

[Professor Hantzen]

Great! I'll be there - will be nice to meet you.

The only info I have on an agenda is what was sent to the Interledger mailing list:

Day 1: Thursday, June 1st
Presentations
Workshop
Hackathon Prep

Day 2: Friday, June 2nd
Hackathon

And you need to register here for the workshop and the conference.  There are times listed at that link, but they're not entirely clear.  It gives a start time of 8am on June 1st - I'll see if I can clarify the rest.

[Warbler]

Thanks for "easy introduction to ILP",  my wife didn't have any questions after reading it, so it's a good one

I've got my tickets to Berlin, see you there.

[Professor Hantzen]

19 hours ago, Warbler said:

Thanks for "easy introduction to ILP",  my wife didn't have any questions after reading it, so it's a good one

I've got my tickets to Berlin, see you there.

Hah, that's great!  Thanks for the feedback.

[Lando]

@Professor Hantzen - A great introduction to ILP,  thank you very much for putting that together. A diagram (or video) accompanying the explanation of the interactions between sender, ledger manager(s), connector, and recipient for USD to JPY transaction would be be the icing on the cake. 

@Warbler - 

See agenda on the following link : 
https://www.eventbrite.com/e/interledger-workshop-at-blockchain-expo-1-2-june-berlin-tickets-34221014977

[Professor Hantzen]

On 5/29/2017 at 9:29 PM, Lando said:

@Professor Hantzen - A great introduction to ILP,  thank you very much for putting that together. A diagram (or video) accompanying the explanation of the interactions between sender, ledger manager(s), connector, and recipient for USD to JPY transaction would be be the icing on the cake.

Thank you! You are exactly on point - diagrams for this section are very much on the cards.  It was the one part I thought while writing it "this *has* to have a diagram".  Will update here when it's done.

[LaBelleSaison]

On 2017/5/20 at 0:21 AM, Professor Hantzen said:

Just had the honour of having my first contribution included in the Interledger RFC's. 

You can check it out here:  Interledger: Explain Like I'm Five

It's an easy introduction to ILP in the spirit of reddit's "ELI5" tradition. It's a short read (maybe 10-15 minutes), going over the basic conceptual components of Interledger and gently touching on some of the underlying cryptography.  Any feedback is most welcome!

(Planning to update it with diagrams soon.)

Thank you for posting this. It also helped understand the recent presentation by Ryan Zagone on ILP, with or w/o XRP. 

One of the lingering questions is whether many FIs using the Ripple ILP will opt for issuing their own coin without using XRP. For example, some of the main supporters of Ripple have announced it such as MUFJ coin or SBI coin. So far, it is understood that FIs can benefit from ILP without using XRP, but will benefit even more using XRP, and additional benefits are not limited to cost reduction from 33% to 60%.

I was wondering if you could add some thoughts on this question from a technical point of view. 

[Chan_Maddanna]

21 hours ago, LaBelleSaison said:

Thank you for posting this. It also helped understand the recent presentation by Ryan Zagone on ILP, with or w/o XRP. 

One of the lingering questions is whether many FIs using the Ripple ILP will opt for issuing their own coin without using XRP. For example, some of the main supporters of Ripple have announced it such as MUFJ coin or SBI coin. So far, it is understood that FIs can benefit from ILP without using XRP, but will benefit even more using XRP, and additional benefits are not limited to cost reduction from 33% to 60%.

I was wondering if you could add some thoughts on this question from a technical point of view. 

issue their own coin and.... ? run requesting everyone else to use their coin ? promise to accept others ? make agreements and manage prices with each partner ? etc etc ... OR just use xrp, without having to request anybody for anything, with platform guarantee and additional benefits of convertibility & diverse bridging capacity, speed , cost savings and more... :-)