How the Overledger Network Community Treasury powers the Network of Networks

Summary:

  • Micropayments from IOT devices to interact with MAPPs utilising payment channels for scalable, low fees as well as integration with Point of Sale systems for instant payments etc.
  • Many more projects to be built as MAPPs benefiting from interoperating with multiple blockchains as well as offchain networks and utilising payment channels for fast, cheap payments.
  • Along with treaty contracts using Quant’s atomic swap capability this also provides additional functionality for DEXs to be built on Overledger Network
  • Offering Treasury-as-a-Service to projects
  • Potentially enabling gas fees to be paid by users in QNT to the treasury which is then converted to other tokens as required

A more detailed look at the Community Treasury Design:

Overledger Data Standards

Functions

Creating end to end trust

Users

Gateways

Community Treasury

  • The Community treasury oversees payments by deciding which users and gateways to establish payment channels with and penalising any malevolent behaviour. Traffic is routed to gateways based upon the metrics the user decides in the request and there will always be an element of randomness so that gateways cannot definitively understand which other gateways may get asked to perform the same function.

How payment channels work

Trustless Escrow Smart Contracts

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DLT Enthusiast and Writer. Interoperability is key for DLT to achieve its true potential. Avalanche $AVAX, Injective Protocol $INJ and Quant $QNT

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DLT Enthusiast and Writer. Interoperability is key for DLT to achieve its true potential. Avalanche $AVAX, Injective Protocol $INJ and Quant $QNT

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