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COMIT a super blockchain network for instant transactions

on YouTube 07m
Talkat FOSSASIA Summit 2017 · 2017-03-17..03-19· [blockchain]

speaker

name:Toby Hoenisch
linkedin:tobyai

resources

video:https://youtu.be/IFuzsv6dEXg
slides:none on file

summary

COMIT claims instant, trustless cross‑chain payments by combining multi‑sig, timelocks and hash locks into HTLCs plus off‑chain payment channels to avoid on‑chain settlement. More than 90% of chains reportedly support those primitives so COMIT builds multi‑hop atomic routes through liquidity providers, linking transactions by a hash preimage and updating channel state in real time. The prototype demonstrates route‑based instant swaps like Lightning/Raiden across asset classes; no large‑scale production rollout or volume metrics are reported.

AI-written summary · about

chapters (4)

  1. 0:00Start
  2. 0:08Blockchain Ecosystem
  3. 4:17Payment Channel
  4. 4:31Multi Signature

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