The Hyper Ledger Transaction Protocol (HLTP) is protocol designed from the ground up to enable payments for the internet age


#1

Hyperledger

**Update: Interesting discussion going on here

Payments for the Internet Age

The Hyper Ledger Transaction Protocol (HLTP) is a protocol designed from the ground up to enable payments for the internet age. With decentralised nodes running in multiple geographies and jurisdictions, hyperledger provides an amazingly quick, reliable and secure way to record transfers of assets such as digital currencies across the world within seconds, not minutes.

Lightweight - Designed for simplicity and speed
Open - Not controlled by a single company
Equal - No special denominated currency
Fair - No pre-mining or allocations
Efficient - No energy intensive proof of work
Fast - Capable of processing thousands of transactions per second
Decentralisation: The Best of Both Worlds

Current payment systems are highly centralised, relying on third party networks like Swift to interact with each other. Highly centralised systems are very fast but they have single points of failure, you have to have complete trust in the one entity, and if they disappear, your data and money does too. Some internet payment networks have withheld funds from legal entities for no clear reason.

This problem has been solved by totally distributed systems, like Bitcoin. However, the gain of totally trustless transactions comes at a cost of network efficiency; slow confirmation times, an ever growing blockchain, and energy intensive mining. Bitcoin can always be improved, but fully distributed networks are systemically slower then centralised networks by their very nature.

We believe there are trade-offs between the two and that decentralisation is the sweet spot. Small amounts of trust reap huge gains in efficiency. The vast majority of the world are used to trusting single entities, public or private, and in many cases prefer to have some sort of entity responsible. hyperledger can evolve the current system to bring the benefits of revolutionary distributed systems.


#2

This is interesting. In an end user owned network this might be a free space optical decentralized layer added to a wireless mesh- a hybrid. How does P Cell fit in with this type of stuff? If it were possible to do it with end user owned equipment it might provide the decentralization. At first it seemed like P Cell proprietary as it is required a data center but then it seemed like the data center could consist of PCs.


#3

How does P Cell fit in with this type of stuff?

You got me there, never heard of it, I’ll paste an explanationary video here so others can follow the conversation.


#4

It looks like the phone will be the network so the distributed phone network will have to be primary for so many reasons. But P Cell may provide is a decentralized overlay, which may be a dilution of sorts, that will give a wireless network elements normally sought in a wired network and sometimes superior attributes like sub millisecond latency and generally higher bandwidth. I am guessing the issue would be needing some free space optical mesh boxes at the P Cell antenna locations as P Cell normally has a wired back channel. You’d need some people willing to dedicate some open PC boxes to do the data processing- and then you’d have P Cell- huge over simplification.

This might work as the Artemis people are apparently a pretty revolutionary group. They are shopping of for industry uptake right now but predictably they will be very frustrated by industries unwillingness to upset the collusive return on equity cart and also unwillingness to do anything about the replacement of the internet with sponsored cable. Still it seems like it could be a match as it does provide a bit of decentralized vs. distributed (as in the OP) and it looks like it could eliminate latency and bandwidth issues and its got superior power characteristics and it would apparently ad very little cost to handsets. Communications technologies that could use normal mesh hopping would stay with it as a primary.

It looks like the Indie phone would almost be ready to use it out of box either by an add on or the addition of a very simple radio. It might be worth reaching out to Mr. Perlman and crew and seeing if they are interested. As far as SafeNet and Indie, this P Cell is an example of what the more distant future of LTE might look like, probably superior to fleshed out LTE 5 in pretty much every way.


#5
  1. pCells works only in one direction (from cell tower(s) to the phone). That means there is no way a meshnet can be build on top as they need a symmetric bandwidth in both directions.
  2. pCells are highly centralised as all of the data have to go through one processing PC
  3. and thats also the reason why it cant scale well

#6

@urrtag

I was wondering if it had the speed phone to phone. From your comment it doesnt. That would be to the antenna and beam shaped back to the other phone. No, for the upload its using regular LTE or wired internet.

Let me conjecture that the free space optical be dispensed with (was proposed replacement for fiber back channel replacement) and the pc processing cluster be converged or made local with the antenna and use more of a beam shaping antenna in the phone itself.
The shaping for the phone upload would still be computed at the cluster. Of course this might require something like the wall mount antenna finding a way into the phone.

The evolution would put the cluster and the full antenna in the phone for beam shaped mesh that would be fully distributed. If that’s reasonable its probably something people have been working on hopefully for a while as it might yield a no compromise consumer open phone replacement for the internet,


#7

Yeah, the free space optical connection is a direct p2p connection, also there are no interferences between the signals. pCells is using normal antennas, but let them interfere with each other. With this interferences you can make a specific state (state = data) at a specific time and position. For that you need to know what and at what time every antenna will send.

Something like a directional radio beam could be the solution and be also decentralised. But pCell is not using directional beams…


#8

Sorry, that is right. No line or shaped line, this uses the total pattern of interferance as an advantage. I remember reading its as if the former noise had become the signal and describing its contantly customized path for each in spatial terms would be very difficult. Of course a beam shaping approach would have a lot of the difficulties of free space optical. I wonder if they can double end this for mesh. Maybe interference leveraging mesh.