Transcription of COMIT
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COMIT
COMIT Cryptographically-secure Off-chain Multi-asset Instant Transaction network Making global payments as cheap, fast and easy as sending a text message. Abstract: SincethecreationofBitcoinin2009wehavesee nagreatpushtowardspublicand ,aglobalnetworkconnectingall thetransferofinformation,weproposeasyste m,similarinsizeandreachfor paymentsandtransactions:Acryptographical ly-secureoff-chainmulti-assetinstant transactionnetwork( COMIT )canconnectandex changeanyassetonanyblockchain to any other blockchain using a cross-chain routing protocol (CRP). COMIT isasuperblockchainnetworkthatallowsforin stanttransactionswhichare TimelockContracts(HTLC)acrosschainstosol vetheproblemofdoublespending s connectivityisprovidedbyLiquidityProvide rs(LP),whooperateononeormore blockchains,actingaspaymenthubsandnodeso nasinglechainandmarketmakers in a decentralized network for cross-chain asset conversions.
COMIT Cryptographically-secure Off-chain Multi-asset Instant Transaction network Making global payments as cheap, fast and easy as sending a text message.
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