light-client
hub20
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light-client
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Corporate needs you to find the difference.
The information arbitrage is pretty remarkable because they get a bunch of money for printing air tokens out of thin air and selling a portion of it. They then use the money mainly to control narratives. How many people even know that literally all eth traffic runs through central infura servers? Why? Because it doesn't scale without central servers. It also doesn't scale on-chain which is what they promised 7 years ago when they asked you to give them bitcoin to create a turing complete blockchain. They tried a lot of other stuff before roll-ups with centralized sequencers with trusted multisigs. They even tried to copy Lightning and funded Raiden network.
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What Are Layer-2 Scaling Solutions? The scalability trilemma remains one of the biggest issues of the blockchain. Here’s how Layer-2 scaling solutions can help.
Examples: Bitcoin’s Lightning Network, Ethereum’s Raiden Network
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Has anything fundamentally changed with crypto currencies, blockchain technology or the idea of decentralization in the past few months?
Think of the blockchain as being the settlement layer between banks, and each roll-up or payment channel as its own bank.
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State Channels Still Beat All Other Layer-2 Scalability Solutions
Raiden Network - an instant payment solution with low fees compatible with all ERC-20 tokens.
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My small business now accepts Ethereum & other forms of crypto! 🥳
Just an FYI: with Hub20 you can accept payments with any Ethereum-compatible blockchain and any scaling solution that uses the RPC interface (e.g, Polygon, Arbitrum, Optimism, Gnosis Chain). It also works with Raiden, which is akin to BTCs lightning network.
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Bored Ape Virtual Land Sale Breaks Ethereum, Wastes $180M in Fees
Except that anyone with a minimal involvement with Ethereum already knows that the base layer is not meant to be used on day-to-day operations.
We already learned about the decentralization trillema. The strategy to scale Ethereum through will be through the adoption of "layer-2" systems, where users are expected to be doing their transactions and avoid these costly transactions altogether.
There are roll-ups already dealing with NFT marketplaces [0]. There are roll-ups that can execute any type of ethereum smart contract [1] [2]. There are payment channels that allow completely decentralized and gas-less transfers of ERC-20 tokens [3].
[0] https://loopring.io
[1] https://optimism.io/
[2] https://offchainlabs.com/
[3] https://raiden.network
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Daily General Discussion - March 17, 2022
Raiden Network, ethereum's equivalent of lightning network, has been live on mainnet since 2020. It has little to no traction/usage as rollups are a much better scaling solution than state channels.
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Crypto Payment Gateway in Web Development
For those that are technical, the main selling point is its integration with layer-2 systems and support for multiple chains. It doesn't matter if you want to accept payment with Raiden or Arbitrum/Optimism, or xDAI/Polygon or BSC, your frontend does not change at all.
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People Don't Want to Run Their Own Bank
The point you are so reluctantly refusing to see is that it is about options and the long tail. Yeah, the majority of business and people are fine with the status quo. It doesn't mean that the rest should just conform.
> Other than that, unless you use Nano, every crypto transaction comes with a fee (...) slower than normal transactions
- https://raiden.network (near-zero fee transfers, akin to Lightning Network, running on Ethereum)
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I don’t understand Ethereum L2 solutions like Loopring, but I have a good understanding of BTC’s Lightning Network. Does Loopring function similar to Lightning?
Raiden network is probably the closest equivalent of lightning network, but there are a couple of other projects using similar technology on Ethereum.
hub20
- GitHub incident 2022-03-23
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Ask HN: Practically accepting cryptocurrency for businesses without middlemen?
BTCPayServer is very good, but it can not accept payments in the Ethereum network. If you want to accept stabletokens (which seems to be the case since you don't want to necessarily hold crypto as an investment, so stable tokens can help you to avoid volatility), you will certainly want to be able to accept ERC20 tokens. I'd recommend you take a look at Hub20 [0], which I've been working for a while and it aims to be the Ethereum analog to BTCPayServer. Currently Hub20 is also integrating with Raiden Network[1], which works in a similar way to BTC's Lightning (but again has the advantage that it can work with any erc20 token, so you can transact with stable tokens if you wish)
Hub20 is self-hosted, so you control all the keys. I am also working on a checkout system[2] so that people can accept payments from their site in a similar way to Stripe.
I've been working to turn Hub20 into my full-time project recently, I'm always on the Matrix room [3] for any kind of support. I'm also open to consulting in the domain.
[0] https://hub20.io
[1] https://raiden.network
[2] https://gitlab.com/mushroomlabs/hub20/checkout20
[3] https://matrix.to/#/#hub20:communick.com
What are some alternatives?
optimism - Optimism is Ethereum, scaled.
BTCPay Server - Accept Bitcoin payments. Free, open-source & self-hosted, Bitcoin payment processor.
webui - Raiden's Web User Interface
nano - Lightweight, facility, high performance golang based game server framework
hub20 - Self-hosted payment gateway for Ethereum and any ERC20 token, integrates with Raiden for almost-zero fees.
eth-gasnow-extention - GasNow extension for browser
nano - ⚠️ Moved ⚠️
protocols - A zkRollup DEX & Payment Protocol
matrix.to - A simple stateless privacy-protecting URL redirecting service for Matrix
kasisto - A Monero Point of Sale payment system
tilt - Tilt - Cryptocurrency Payments Platform