- Bitcoin has an MIT License, for example
- XRPL and Stellar can do the payments volume; the TPS report; whereas otherwise you're building another Layer 2 system without Interledger.
- Flare does EVM (Ethereum Virtual Machine) Smart Contracts with XRPL; $<0.01/tx, network tx fees are just burned, 5 second transaction/ledger close time.
Notes re: Interledger addresses, SPSP, WebMonetization: https://westurner.github.io/hnlog/#comment-32515531 ,
> From "NIST Special Publication 800-181 Revision 1: Workforce Framework for Cybersecurity (NICE Framework)" (2020) https://doi.org/10.6028/NIST.SP.800-181r1 :
>> 3.1 Using Existing Task, Knowledge, and Skill (TKS) Statements
> (Edit) FedNOW should - like mCBDC - really consider implementing Interledger Protocol (ILP) for RTGS "Real-Time Gross Settlement" https://interledger.org/developer-tools/get-started/overview...
> From https://interledger.org/rfcs/0032-peering-clearing-settlemen... :
> Peering, Clearing and Settling; The Interledger network is a graph of nodes (connectors) that have peered with one another by establishing a means of exchanging ILP packets and a means of paying one another for the successful forwarding and delivery of the packets.
> […] Accounts and Balances: The edge between any two nodes (peers) is a communication link (for exchanging ILP packets and other data), and an account held between the peers (the Interledger account). The Interledger account has a balance denominated in a mutually agreed upon asset (e.g. USD) at an agreed upon scale (e.g. 2). The balance on the account is the net total of the amounts on any packets “successfully” routed between the peers.
> The balance on the Interledger account can only change as a result of two events:
> 1. The “successful” routing of an ILP packet between the two peers
> 2. A payment made between the peers on the underlying payment network they have agreed to use to settle the Interledger account
And then you realize you're sharing payment address information over a different but comparably-unsecured channel in a non-stanfardized way; From https://github.com/interledger/rfcs/blob/master/0009-simple-... :
> Relation to Other Protocols: SPSP is used for exchanging connection information before an ILP payment or data transfer is initiated
To do a complete business process, there's – e.g. TradeLens, GSBN, and – signaling around transactions, which then necessarily depends upon another - hopefully also cryptographically-secured and HA Highly Available - information system with API version(s) and database schema(s) unless there's something like Interledger SPSP Simple Payment Setup Protocol and Payment Pointers, which also solve for micropayments to accountably support creators; https://WebMonetization.org/ .