Re: Hashed Timelock Agreements (HTLAs)

As requested on the community call, here is a writeup of the HTLA idea as
an Interledger RFC: https://github.com/interledger/rfcs/pull/231

Comments welcome!

On Fri, Jun 23, 2017 at 1:29 AM Evan Schwartz <evan@ripple.com> wrote:

> I think the HTLA concept would be best used in explaining this to a more
> blockchain-y audience (maybe even in an "Interledger for Blockchainers"
> post?). I'd probably stick to talking about "conditional transfers" for
> others but I'm open to suggestions!
> We've been working a lot on ilp-plugin-virtual, which basically implements
> the original trustline concept between two parties. Ben Sharafian is
> currently working on a refactor that would allow the same plugin code to be
> used for a trustline or payment channels. That'll make it easier to write
> those plugins and easier for users to choose how they want to set up their
> agreements.
>
> On Thu, Jun 22, 2017, 8:08 AM Ryan Fugger <arv@ryanfugger.com> wrote:
>
>> On Wed, Jun 21, 2017 at 3:09 AM, Evan Schwartz <evan@ripple.com> wrote:
>>
>>>
>>> What do you think? Does HTLA get the point across? (If this idea seems
>>> interesting or could use more explanation I could write up a full blog post
>>> about it)
>>>
>>>
>> I like this and think it gets the idea across effectively.  You should
>> try it out on people whose brain isn't already filled with this stuff
>> though to be sure.  Where were you thinking of using it?
>>
>> I've always liked the idea that any two parties can formalize their own
>> settlement agreement and make it legally binding just by writing it up and
>> signing it (on paper, with ink), or putting in an online service's terms
>> for its users.  No fancy distributed ledger stuff needed. I think this
>> could appeal to a whole swath of developers who are (rightly) intimidated
>> by blockchains and smart contracts, especially if there's an easy-to-use
>> little ILP library they can plug right in.
>>
> --
>
> Evan Schwartz
> Software Engineer
> Managing Director of Ripple Luxembourg
>
-- 

Evan Schwartz
Software Engineer
Managing Director of Ripple Luxembourg
<http:> <http:>