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If Bitcoin is ham radio the ILP (Interledger Protocol) is arguably "the internet" then. ILP is for money what TCP/IP is for data. Whatever the internet want to
by noxer 6y ago
If Bitcoin is ham radio the ILP (Interledger Protocol) is arguably "the internet" then.
ILP is for money what TCP/IP is for data. Whatever the internet want to do with data it does so with a protocol build on top of TCP/IP. If you want to do something with money/balances/escrows/swapping/path finding etc. etc. that could be build on top of ILP. Its completely independent of a currency because its just a protocol it doesn't care what you send over it just like TCP/IP doesn't.
- hanniabu 6y agoI'd suggest also taking a look at the Blocknet Protocol which is similar.
- noxer 6y agoSadly its focused on communication between blockchains. Its one of these projects that I think is completely lost in the crypto bubble^^ ILP however is for the real world, where almost nothing is running on a blockchain and in the future most likely communication will be required between legacy systems and blockchains to integrate them.
- hanniabu 6y agoIt's not just between blockchains, it also supports communication with off-chain. I know the documentation doesn't directly reflect that now but they're in the process of redoing and expanding the website, docs, and content in general to more accurately reflect and better explain all this.