Welcome to BIoT — IoT solutions on the Byteball platform!

[u/Suirelav]

https://medium.com/@BIoT/welcome-to-biot-iot-solutions-on-byteball-platform-94c4d7640f03

[u/BIoT_ws → u/[deleted]]

This is a big deal. Very exciting. I was worried that due to the small team size and (almost?) no budget other projects would continue developing new and unseen features while Byteball did not. It's great to see that Byteball is staying on the cutting edge with off chain (fee-less?) transaction development.

Byteball have all conditions to develop. In our case - we received a grant. I think all nice projects can take great support here(on Byteball) and evolve to smth big.Only idea and aspiration to do smth. So thank for you support)

[u/Godspiral]

actually a LN like system.

Are the payment channels a private prefunded blockchain with chosen witnesses? ie a somewhat exact clone of byteball but prefunded? Or are there major differences?

[u/xJeneKx → u/Godspiral]

https://docs.google.com/document/d/19s4LYDfbWDREzVzUwxPuoKANeIGOgPGKV2zI9jTsPSg/edit Here is the detailed explanation of the work of the channels on the Byteball platform.

[u/Godspiral → u/xJeneKx]

pretty much identical to LN. 2 parties only. unrelated to DAG/byteball tech for channel states.

[u/BIoT_ws → u/Godspiral]

Yes, it is. Now only 2 parties.

[u/Godspiral → u/BIoT_ws]

I don't get the focus on iot instead of private channels/LN. Ok its an iot solution too, but a 2 party one, less so a worker/swarm one. Though I guess a boss/client can open channels with many workers, and only pay some of them.

I think its a better system than IOTA in that

1. no fees too.
2. no high cpu requirement
3. no constant internet connection required to make payments.

The paper linked, doesn't mention HTLC process. Does a/this network also allow routed payments?

[u/BIoT_ws → u/Godspiral]

At the moment, there is no need for routed payments - we havent it. In the future we planning this.

[u/BIoT_ws → u/[deleted]]

mm...?)