Efficient Value Transfer - Payment Channels, Checkbooks, Probabilistic Micropayments
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Description
Livepeer's POC currently uses a deposit+claim payments system with custom logic for when broadcasters can withdraw their deposits and when transcoders get to draw from a broadcasters deposit. More efficient, secure, and attack-proof methods are likely available via generalized solutions like:
* Payment channles, like [Raiden](http://raiden.network)
* Checkbook contracts, like within [Swarm](http://swarm-gateways.net)
* Probabilistic Micropayments, like in [Orchid](https://medium.com/@gustav.simonsson/ethereum-probabilistic-micropayments-ae6e6cd85a06)
These solutions should be considered in not only the context of transcoding, but also for fair compensation for bandwidth in P2P data transfer as referenced in #3
Contributor guide
No contributing guide indexed for this repository
First steps
- Read the whole issue, then the project's contributing guide.
- Comment on the issue to say you are picking it up — it saves two people doing the same work.
- Fork the repository and make your change on a branch.
- Open a pull request that references the issue number.
Research direction
Start by reviewing the payment-channel, checkbook-contract, and probabilistic-micropayment references named in the issue. Consider them for transcoding payments and the bandwidth-compensation context in issue #3. No files, tests, entry points, or concrete acceptance criteria are provided, so the issue does not define a clear completion point.
Written by the indexing model from the issue text.
Assessment
- Tech stack
- blockchain
- Domain
- blockchain, payments
- Issue type
- Feature
- Difficulty
- 5/5
- Estimated time
- Over a week
- Activity status
- Stale
- Clarity
- Needs clarification
- Newbie friendliness
- 18/100